CHZ
CHZBTC Technical Analysis
⏳ Spot
💎 CHZBTC has broken above the Symmetrical triangle. after the range it might go for a Pullback and then it continues to go higher to another major resistance.
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🏁 Short & Medium Term
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🎳 Entry at 0.00000570
☕️ TP1 0.00000700
🍺 TP2 0.00000800
🍻 TP3 0.00001000
🍾 TP4 0.00001150
🍷 TP5 ___________
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.00000490
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CHZUSDT Volatility aheadChiliz had a massive run-up this year.
Despite the fundamental improvements on the project the price-action is still consolidating.
The current Support zone is already tapped multiple times and below this support is clearly an inefficiency.
The current trend in the overall crypto market is downwards oriented.
Same structure on the BTC pair, but even more pronounced
Sideways price action and further consolidation is needed so the downward trend can be broken before the uptrend resumes.
In summary:
Can we both a good short opportunity if the red support is flipped and a long opportunity if these lower price levels are reached.
CHZUSDT🌟CHZ is in a sideway trap right now and a break can happen anytime (although we can see a H&S pattern in the lower frames in the trap too)
🌟there will be more upgrades and fan tokens for this alt soon and that can be a leverage to pump this alt
🌟this alt has a lot of potential in long term situations don't underestimate these kind of alts which are safe to invest - high market cap and also a reasonable correlation with BTC
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BITCOIN (Technical Analysis) ✅☑️ #Bitcoin resumed an uptrend movement after breaking the $ 47,000 resistance. Now, with the $ 48,000 resistance behind, it is possible to climb further to higher levels.
Bitcoin initially gained momentum after overcoming the resistance of $ 46,000. It then managed to break the $ 47,000 resistance and the 100-hour moving average.
It has finally crossed the $ 48,000 resistance so far and has reached the $ 48,481 peak. #BTC is now trying to stabilize its current position. The first level of support downstream is considered to be $ 48,000. The BTC/USD hourly chart also shows a bullish trend line with support around $ 48,000.
Bitcoin is currently well below the 23.6% Fibonacci retracement level from the $ 43,375 floor to the $ 48,481 level. The nearest upstream resistance is considered to be around $ 48,200. In this case, the $ 48,500 range is the first significant resistance. If the cows succeed, Bitcoin will reach the key resistance of $ 50,000 in the short term. Crossing that path will pave the way to the $ 52,000 level; but if Bitcoin is not able to cross the $ 48,500 resistance, there is a possibility of a bearish correction. In this case, we considered the first support in the range of $ 48,000.
Bitcoin will seek support at $ 47,400 if the trend line collapses. The next strong support is expected in the moving average range or the $ 46,000 level. The Fibonacci level of 50% has also confirmed its validity by being close to this range.
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CHZ/USDTCHZ is now heading towards the resistance area. We will see a good rally in CHZ only after it breaks and holds above $0.360 levels. The good support area for CHZ is $0.300 - $0.320 and you fill your bags in this range. CHZ did a lot of partnership with in the last few months. Wait for a breakout or retest before opening a position.
chz 4h analysishello friends :
CHZ is now heading towards the resistance area.
We will see a good rally in CHZ only after it breaks and holds above $0.36 levels.
The good support area for CHZ is $0.3-$0.32 and you fill your bags in this range
. CHZ did a lot of partnership with in the last few months. Wait for a breakout of 0.36 or retest before opening a position.
have a good day
$CHZStill holding $CHZ.
The only issue I see is $ETH.
If $ETH continues to follow 2017 fractal, ALTS will see deeper pullbacks in the coming 2 weeks.
I'm planning to close this position around break even to get a better entry in the coming weeks.
Better entry is = the wick of yesterday. I expect these wicks to be taken out on all alts.
Idea invalidated if we reclaim weekly open. That would be an instant buy back for me.
$ATM/BTC 4h (Binance Spot) Falling wedge breakoutAtlético de Madrid Fan Token broke out bullish and confirmed the end of the local downtrend, up we go!
Current Price= 0.0003569
Buy Entry= 0.0003543 - 0.0003393
Take Profit= 0.0003945 | 0.0004485 | 0.0004904
Stop Loss= 0.0003149
Risk/Reward= 1:1.5 | 1:3.19 | 1:4.5
Expected Profit= +13.75% | +29.33% | +41.41%
Possible Loss= -9.20%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
CHZ - CHILIZBelow is its 83-day resistance
There are good conditions for the failure of this resistance (my prediction is the failure of the resistance)
To enter, you either have to wait for the resistance to break and buy at Pullback
Or if the resistance is not broken, buy in supportive areas
It is an extremely valuable coin, be sure to have it in your portfolio
$CHZ Second biggest bag. Same story as $HOT.
Betting on the fact that $SOL broke ATH and hit top fibs.
Expecting good performing alts from the past run up to perform the exact same.
It might not seem realistic now, but from the top to the last fib is really only 3x max for most alts.
Same time frame as $HOT; anywhere between November 2021 and February 2022.