CHZUSDT - TRADE PLANCheck out the trade plan for CHZ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CHZ is slowly growing and running on the bullish swing to revisit the weekly resistance formed at the $0.3 area. We may have to keep an eye close to this level once the price completes its visit to identify if the price goes for a complete breakout formation on the resistance or if finds a reversal.
CHZ
Trade #9 CHZ *BinanceMy Setups on CHZ (Binance)
Entry 0.2508 - 0.2534
TP Max 2315 You can tp anywhere if cross TP 50%
TP 50% 0.2406
SL (1.98% on my entry positions) 0.2556 You can chose to comfort always DYOR
Reason :
1.Possibility Movement on CHZ Build Bullish Shark Harmonic
2. Shorting on FVG 15m
If CHZ Crossing 0.2438 Setups or ideas should be Invalid. follow to see update on ideas
CHZ Forecast 📊 (H2)Whats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
- Price is right now at our demand zone.
- Has filled out the imbalance.
- Purged the liquidity pool generated as inducement.
- We could expect price to shift bullish and fill the imbalance and also, hunt the trend line liquidity resting above.
- Waiting for a confirmation BOS as we still have a lower POI in play
Remember we are trading human emotions and probabilities
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HooRaa
Range trend will be formed?CHZ had a good price growth during the last weeks. Due to the good positive reaction that the price showed to the support area of $0.18 and the increase in demand in this area, a double bottom pattern was formed in the daily time frame. The pattern was confirmed when the price crossed the $0.22 range. High buying pressure caused the price to grow further and hit the daily resistance range.
This resistance, considered in the range of 0.236 to 0.270 dollars, has been negatively reacted by the price in the past few days, and we see a 15% decrease in its price. The last weekly candlestick is a bearish candlestick, which shows that the current resistance range is reactive, and considering the 250% growth of its price, the potential for trend-ranging and profit saving for buyers in these ranges is high. So CHZ can enter a range trend between the current resistance range and the $0.18 support.
CHZ looking ready to reverse...BINANCE:CHZBUSD
Closing on reversal zone, strong historic resistance, expect closing of long. Some TP
Ongoing narrative re. World Cup - unlikely to outweigh downside market risk in near term - may result in crash and rebuild toward the game dates
Bullish impulses weakening for last two cycles. Expect one more push up - to gap zone then BOOM!
Enjoy
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%
We hope it is profitable for you ❤️
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Not a hot chilli, retrace incomingPotential short term double top for CHZ as it is finding trouble breaking out of the lip of the cup for the handle, looks like a it is getting rejected in the area and could potentially come back to the bottom of the double top at the 0.382 retracement of 0.18, hopefully it holds there as strong support, if not, next area would be 0.143 which is the 0.618 retracement.
Thoughts?
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.
CHZ - 1H Bearish DivergenceCHZ has been on the rise in the past couple of days before reaching its peak price point of ~0.26. Momentum has been fading together with volume and recently a bearish divergence seems to have surfaced on the RSI and MACD indicators. It would be likely to see a short term price retracement from the lows in area 0.23.
Will try a very risk and short term short, eying 1-3% gain.