What Happens When Chiliz Moves Above EMA50?

٢٥ مارس ٢٠٢٢

When Chiliz (CHZUSDT) moved above EMA50 in August 2021 we saw a 150% price jump. Up to 300% if we count from May's 2021 low.

We see a break above EMA50 happening just a fe days ago... We can see some similar action.

We can have first a small bullish wave that ends up in a higher low and then another wave that hits a higher high before the next move can show up.

You can see some pretty bad drawings on the chart...
But I believe you get my point.

Namaste.