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Is Chiliz actually waking up or is this just another trap?
The chart is finally looking a bit interesting after that long slide down. $CHZ found some solid ground around the 0.031 level and has been making these small higher lows lately.
Right now we are sitting at 0.038 and hitting a bit of a local resistance zone. If you look at the previous peaks on the 1D timeframe, we need a clean break above 0.041 to really get things moving.
Volume is decent but we need more conviction to flip this trend for good. If it holds here, the next target is that 0.047 area. If it fails, we probably just range back down to 0.035 for a retest.
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