Chiliz (CHZ) and 2022 QATAR WORLD CUP ⚽Chiliz is a fintech platform for the sports industry to allow global fans to get closer to their favorite sports teams and clubs. as we get closer to FIFA World Cup the price of CHZ reaching to higher levels ,
Chiliz price today is $0.19 with a 24hour trading volume of 350 million dollar , CHZ price is up 8% in the last 24 hours as well
Bulls won the fight at 0.17 support level as always and ready to take back 0.26 and 0.33$
If you trade with BTC pair 0.000011 is very interesting level to watch and CHZ has a good chance to break that resistance too
targets 0.27, 0.29 and 0.31
Chillizbtc
CHZ Update: M or Flag?So I made a Bullish analysis before showing that CHZ is drawing a Bullish Flag in a biger scale. Let's have a look a little bit closer.
So of course market can go either UP or DOWN (Genius). Direction doesn't matter, we should take our positions according to it. I showed two different path that CHZ can follow.
RED LINE:
Bearish scenario can be activated if the price drops below the support area that I have shown in the Graph. In that case "M" shape will activated so price can fall down to the lower trendline, which is a good point to buy some CHZ.
BLUE LINE:
Bullish scenario can be activated if the price breaks the ressitance area. Then, Bullish flag will be activated so we can see the price can move up first in the region 0.44-0.55$. Then, probably price will get rejected from that area. However, if it can exceeds that area than we can see upward movement up to 1$. Price will %90 rejected from this area because of the "rounding effect".
This is not a financial advice. This is just my trials.
CHZ is about to explode!Hello, everyone!
I found the prefect signal with the Elliott Waves analysis on Chilliz. We can see that the Waves 1, 2, 3 was formed. The Wave 4 is forming now. As we know the Wave 4 usually means the profit taking after Wave 3. As a result Wave 4 develops slowly and usually is formed as A-B-C-D-E triangle correction, which we can see properly on the chart. This wave is next to it’s end, because the full correction cycle was formed and the target zone for Wave 4 (0.5-0.61 Fib) was reached. The target zone for Wave 5 calculates as the distance between Wave 1 start and the Wave 3 end prices plus the Wave 4 end price. This we obtained the $0.78 as the final target to take profit.
Put your stop-loss below the Wave 1 peak ($0.36). This is the nice trade opportunity with the 3:1 risk to reward ratio.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
CHZ / BTC Showing Bullish Divergence on Weekly ChartCHZ / BTC Showing Bullish Divergence on Weekly Chart!
There are two possible scenarios:
1. If the long term support line breaks it will be perfect opportunity SHORT. Wait for the break before entering.
2. If we break out of descending triangle (green arrow), it's a sign for LONG. Enter after the breakout, to be safe, or now with SL at 40sats, for higher risk/reward. 🚀
Let me guys know what do you think about this idea?