CHZUSDT trade ideas
Trading opportunity for CHZUSDT ChilizBased on technical factors there is a Short position in :
📊 CHZUSDT Chiliz
🔴 Short Now 0.2688
🧯 Stop loss 0.2910
🏹 Target 1 0.2500
🏹 Target 2 0.2210
🏹 Target 3 0.1800
💸Capital : 1%
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CHZ 4h 22-sepCHZ is at a resistance zone from previous high. Trying to break that resistance but volume is diminishing, so I think it not going to make it. Also BTC and equities are down because of strong dollar
I'm entering a short position:
- Price at resistance zone
- High volumen but diminishing. So upward movement losing strength
- Entry point at 0.2466
- SL 1 ATR above local high at 0.2705
- TP at 0.1345, where is a support zone (resistance turn support) from june
Chiliz heats upCHZ 4hr shows a 90% capitulation bottoming of the cooling off from its parabolic move which peaked at around 0.95 in March 2021 Still at a nice discount price is at local resistance and will need to breakout here to confirm further momentum With the successful chain 2.0 Scoville testnet well underway a growing user base and partners lining up for the incoming benefits of Chain 2.0 we have been scale entry buying into CHZ A breakout here at the 0.25 area could see a nice move upward into the next resistance 0.40 with next target area 0.60 then 0.90 over the next few of months
CHZUSDt is creating a rising WedgeThe price is creatign a rising wedge above the daily resistance (0.22$ area)
and now the market is trying to hold the support.
Hot to approach it?
IF the price is going to have a breakout from the rising wedge and daily support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Chz- Trading AssignmentTried to catch tlsbd and wait for minor .618 retracement but it bounced before it hit the TF
CHZUSD long over inside daywell the 1.61 extension was a good target
lets see if we can have a new high on CHZ,
other than that lets look for new
breakout from insideday setups on other instruments...
CHZUSDT 1DCHILIZ (CHZ) is now trading on its LTA (Uptrend Line) that started on 9/15/2022. Since September 15, the upward price movement has followed an aggressive bullish line, even with the high volatility of BTC. A large volume contributes to this high. This bullish rally has started since CHILIz made an announcement that it will stop using the ethereum blockchain to allocate its fungible and non-fungible tokens to its own CHZ 2.0 blochachain. And it will start its stake with the Cayene update.
Its key support levels are $0.2327 and $0.2123, and resistance levels are $0.2468 and $0.2602.