Chiliz (CHZ): High Risk setup in medium termHi everyone!
If Chiliz (CHZ) develops a bullish impulse structure, it might be interesting to try taking a Long position on the corrective structure. One very important thing to know is that this trade is high risk, so using a very very small size should be necessary, if our analysis is correct then we will have time to add Long positions on pullbacks, I am a Trader, and the thing most important to me is risk management.
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thanks for your attention and please... trade with care! 💖
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CHZUSDT.P trade ideas
Chiliz CHZ price is approaching the zone of strong liquidityThe CHZUSDT price is trying to catch up with the upward trend that has been dominating the crypto market for more than a month.
The other day, the CHZ price finally consolidated in the upper half of the falling global channel .
CHZUSD will soon reach $0.18, and then it will be more difficult for buyers to drive the price up.
After all, it is in the range of $0.18-0.28 that a strong liquidity zone is observed.
During the 3 autumn months, some bought CHZ in this range and others successfully sold it, and, as we can see, the sellers were stronger. And all because Chiliz announced its sponsorship of the 2022 FIFA World Cup.
In fact, the situation around the CHZUSDT price perfectly reflects the trader's saying: "buy rumors and sell facts".
While some people were buying CHZ in the expectation that the price of CHZ would skyrocket with the start of the 2022 World Cup, major players were selling CHZ to everyone who want for 3 months.
And with the start of the FIFA World Cup 20.11.2022, the CHZUSDT price began its -65% drop.
Therefore, it is very likely that those who have been sitting in a "painful deposit drawdown" for more than 3 months will sell their CHZ "to zero" in the range of $0.18-0.28. This is how human psychology works. And this, in turn, will slow down growth.
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🔥 CHZ In A 2-Year Bull Flag: Room For GrowthI've made several analyses on CHZ and the long-term bull-flag pattern it has been trading in. With the lows being likely in for the time being, I'm looking at two things.
1: A move towards the top resistance of the pattern.
2: A confirmed break out, leading to potentially parabolic returns.
For now, the target is the top of the channel. CHZ has been lagging the market a bit, so there's a lot of potential gains looming.
If we can make it to the top resistance, we have to anticipate sideways price action alongside the resistance. We won't break out immediately.
But, once the break out occurs, we can start looking at the blue targets.
Keep an eye on this one!
CHZ | A Good Buying Opportunity After The FOMCCHZ | A Good Buying Opportunity After The FOMC
CHZ completed a very interesting harmonic pattern near 0.1000
I would like to see how the price will develop after FOMC
and we could be ready to jump on this buy opportunity.
It looks like a very solid pattern and the chances are very high for the price to rise again.
Thank you and Good Luck!
CHZ/USDT CHZ/BUSD Trade IDEACHZ is currently making cup and handle structure, This is how i would like to plan my trade. I would wait to break and retest resistance around 0.14~0.15. I would set take profits for short, midterm and long term (runner) with a tight stop loss. These are just my thoughts and they are not trade signals by any mean.
This is not an entry signal. Please Do your own research..
CHZUSDT 2 POSSIBLE SCENARIOSHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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LET'S UPDATE CHZ/USDT
As we clearly see price broke above our major swing high previously and traded higher as per our last text analysis
For now price is trading inside this channel.
However, for now price is now testing our resistance zone,
were we are speculating a bearish reversal.
So, for the bears to kick in we need a break below the marked major low, then we will be testing again our support zone.
Unless price managed to break higher from a long-term reversal, then this resistance will be support and we will be looking for new longs on the retest.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
lots of support coming into play ⛳we pulled back to strong trend support zone after hitting my 1st target🎯
a bounce from here back to my target is very possible, but if we break local support zone/.11 area then I will target short scalps until we meet extreme support zone again✅
boost and follow for more, thanks 💙