Updated

CHZ/USDT Secondary trend

Logarithm. Time frame 3 days. Secondary trend. Downward channel.

After the rebound, the price is squeezed in a narrow 124-144 zone. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.

Risk Management.
It is worth noting that the price of the coin is at a super profit, I have clearly shown this on the chart, which shows the entire main, long-term trend (the entire trading history). Consequently, when working on a coin, you need to keep this in mind and limit potential losses. Observe the risk management.

A local trend. The time frame is 1 day.

CHZ/USD Local trade. Pivot zone.

Main trend Time frame 1 week.

Note

The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.

Note

from the breakout of 0.07425 the price fell by -44% to 0.0694496. Squeeze came out a little lower. From this level and reversal and consolidation in a narrow range under 0.080. The price pulled up to the downtrend line of the secondary trend. This decline has formed a descending wedge. Local % shown.

Note

went according to the second scenario, previously indicated by the marker, i.e. the final formation of the descending wedge and reversal from the level of 0.588. Now the profit is about +45%. The price has reached the local dynamic resistance of the internal descending channel. Perhaps there will be consolidation in this zone, then with a high probability of trend development continuation.

From the FTX/Alameda wallet sent CHZ 37,735,856 ($2,890,000) to the exchanges. The amount is not large at the moment, but still, to sell to large market participants need to make "general hype", and liquidity. Sending CHZ by alameda as an example.

Already started to publish on some crypto positive news accompanying the price. This phantom will not be an exception, but they will come up with (positive, usefulness, cooperation and so on, any flight of fancy...) at high pumping percentages.

Trade active

SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2

Also on:

Related publications

CHZ / BTC Falling Wedge. Pivot zones for work.

by SpartaBTC

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.