CHZUSDT.P trade ideas
Double top formingBarely at the moment holding on to the 50 day EMA, daily MacD going lower. If it breaks under this current zone, I am expecting it to form a double top and break under the neckline.
0.194 area could be a possible first profit target for a short if we open it now. Risky trade, just an idea. All depends on what BTC is going to do in the next days, fall further or gain momentum for upside. As we can see many coins are dangling and barely holdiong on some major support zones after the last weeks pump.
CHZUSDT 1HCHZUSDT 1H
Even if the formation is a triangular wedge (orange lines) or the possibility of a W formation (purple lines), the market should retreat, even because combined with the uncertainties of the horizon with the shock waves provided by the FTX, it has the pattern weekend seller. Remembering that CHZ has not lost its great fundamentals!!
Follow the supports and resistances.
S: 0.2083 / 0.1867 / 0.1458
A: 0.2637 / 0.2948
CHZUSDT Trading opportunitiesLooking closely on the CHZ chart, with the mindset of mid term to Long term perspective, it was observed that price respect a trendline(Black TL). Each time price had a test on the TL, it give strong rejections.
The last move away from the TL, seems to be forming Bullish flag.
Our trading ideas right now will be to focus more on the ACCUMULATION zone shown with Yellow on the chart. Exit will be a break and closed of candle below the Black trendline.
Final target of the potential Bullish flag was shown also.
CHZUsdtthis analyse for HODL guys not for short time but u can see close targets and support for short time strategy
CHZ make a flag bullish flag on weekly time
so can little patient for big rewards
i know this time market is bad for sht Exchange like FTX
i never use Binance and FTX
now kucoin more out token so little becurfull
but this last finish and we can back so better ur plan for mid and long time
dont fear and never greed
now u sell miss this time is best for buy not for sell GL
EntryPoint:
0.1336
0.1044 i think this cant happen but u can set this for support or TP for short positions
Supports:
0.0816
00574
0.0367
Resistances:
0.1812
0.2145
Targets:
0.3912
0.6346
10324
for HODL:
2.0612
GL
Chiliz CHZ Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Chiliz CHZ , which is overvalued.
CHZ/USDT short
Entry Range: $0.27 - 0.28
Take Profit 1: $0.24
Take Profit 2: $0.21
Take Profit 3: $0.18
Stop Loss: $0.32
DOES CHZ HAVE MORE DOWNWARDS MOVEMENT?We see CHZ break out of our descending price channel only tap liquidity at the 0.262 level and return back.
However, CHZ finds support of the 1.618 fib extension level, coming from lows of Jun 19, 2022.
Almost Exxxxactly to the dollar.
Will this signal a bounce to the upside? or a a downwards continuation?
We shall watch and wait patiently for CHZ's next move.
Fundamentally, there is much hype going around due to the FIFA 2022 tournaments.
Keep Watch!
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
CHZ is going to do a good Bullish movement soon!CHZ has the odds to create an Inverse Head and shoulder Pattern which means the Price will Pump up Pretty Quick (if the Pattern is to be created of course!) So when the Pattern creation Happens and It's Completely formed, we shall Expect the Price to increase as much as the Length between the Bottom and the top of the Head (Measured Price movement) a huge boost in the Price will happen so be sure to take benefit from it! Don't forget, the Price hasn't been able to break the neckline yet! So yeah It's a little tough to be bullish on Chiliz but We shall not Give up on it :) and also the Price hasn't completed It's right Shoulder So It Gets Even more Risky to Enter Right now!Please wait for the Shoulder Movement to complete!
Short CHZI expect CHZ to retest the 1.618 Fibonacci level which was the summer low. We have a strong weekly bearish divergence along with a Wave 5 Elliott Wave top. I entered a short earlier today, so I’m able to play this out comfortably. As always, I will ladder more into my position and be ready for any move.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
CHZUSD SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.