Chiliz
CHZ 1D Wide range consolidation continues, targets in an ideaA month has passed since the publication of the previous global idea of the CHZUSDT trading pair.
In this idea, we warned that the coin requires correction, as a result of -40% in the value of CHZ and a minimum of $0.366
Now it turns out that the correction turns into a consolidation triangle
Those interested can try to trade within the triangle, the price movement range is more than 50%
Consolidation in a triangle can result in two equivalent scenarios:
1) Breakout up with the target of $1.40
2) Breakout downward with a target of $0.15
Therefore, you need to carefully monitor how the CHZUSD price will behave in consolidation, and for this, put like under this idea and write comments with thoughts on how the price will move and what news will contribute to this.
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$ATM/BTC 1h (Binance Spot) Descending wedge breakoutAtlético de Madrid Fan Token is looking bullish again, let's enter on the retest.
Current Price= 0.0004397
Buy Entry= 0.0004356 - 0.0004212
🆓Chiliz (CHZ) May-24 #CHZ $CHZThe buying force came into CHZ but for making sure, we will wait for it to conquer the 0.25$ before buying it for targets at 0.45$ or even 0.65$ in early June
But if it drops below 0.2$ zone again, it will have a big fall to 0.125$ zone
📈BUY
-Buy: 0.24-0.26$ if A. SL if B
📉SELL
-Sell: 0.44-0.46$. SL if A
-Sell: 0.635-0.665$. SL if A
♻️BACK-UP
-Sell: 0.19-0.21$ if B. SL if A
-Buy: 0.12-0.13$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
🆓Chiliz (CHZ) May-18 #CHZ $CHZThe buying force has being existed at 0.4$ zone since April and we can take risk to catch CHZ here anytime it hit this zone. If successful, it will head to 0.5$, 0.65$ and 0.8$ in this May and June
📈BUY
-Buy: 0.39-0.41$. SL if B
-Buy: 0.485-0.515$ if A. SL if B
📉SELL
-Sell: 0.485-0.515$. SL if A
-Sell: 0.635-0.665$. SL if A
-Sell: 0.78-0.82$. SL if A
♻️BACK-UP
-Sell: 0.39-0.41$ if B. SL if A
-Buy: 0.24-0.26$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
END of CHZ/USDT down trendwell, we are at the end of our down trend and our Triangle pattern, we have +3 positive divergence on our stochastic lows that mean down trend will end in any time and very soon, the target is equal to the base of the Triangle as you see (classic target), we just need some support and more marketcap to move up and break the trend. after throw.back on the trend you can go for a LONG pos.
Chiliz next targetsThose who been holding Chiliz and not seeing upwards movements, the next leg up most likely will have to wait till end of May. As the bollinger band are starting to become smaller for the next big up move. Those still looking at entry point it looks like Chiliz still can move down a little lower, but anything around 0.45 - 0.5 is a great entry.
My strategy hitting first target to get out my initial investment as you never know if it could possible move down to the bottom of the channel again. With how much it went down with a down channel I feel like the 2nd target could be a top and selling all there and wait for it move down to the bottom of the channel again to rebuy.