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.
CHZBTC
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.
Chiliz CHZ/BTC to 950 satoshis ?"It is September. Very busy month ahead of #chiliz & #socios. Will prepare a livestream AMA with a LOT of things to discuss (NFTs, strategic exchanges partnerships, new teams, new sports, new features, marketing, chiliz chain, socios cup, etc ...). $CHZ #bemorethanafan"
#CHZ CEO says
Major NFTs and Strategic Partnership Announcements are coming in This September Month
I keep accumulating #CHZ, the first resistance break caused another triangle to form which gives us a target of 900-950 satoshis.
Assuming the CEO's news is effective I think we can see a further increase in price.
Targets “850 - 950 - 1050 ”
Chiliz won't be chilling for much longerCHZUSDT had an 80% which is usually what a coin needs in order to complete its cycle and then start a new one. We've seen countless coins over and over, and especially in this alt season really bottom out anywhere between 70-95% down from their ATHs, no matter how big their previous pump was. Now CHZUSD has reclaimed some key levels and looking healthy.
CHZBTC (and CHZUSDT too) went through a massive accumulation period before CHZ started pumping like crazy. I really doubt it will go back down to retest that breakout, as currently CHZBTC looks like a slow reaccumulation that has ended and the price is ready to moon again. Most likely it will be slow, but for now it definitely looks bullish to me.
Chiliz is a well established platform, keeps growing and touches several of the most important markets like sports & esports in ways no other platform does. As gaming, gambling and nfts are booming, CHZ is definitely one of the best tokens to bet on despite it lagging so far. Maybe AXS, ENJ, MANA & SAND are better than CHZ (talking about big nft related cryptos), but it is definitely one to have for multiple reasons. The most important one to me is the fact that CHZ has been added to Coinbase, Bitstamp and Kraken which are definitely huge additions and could boost the price.
Chiliz (CHZ) - July 20Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(CHZUSD 1W Chart)
It should move above the 0.28242521 point to continue the uptrend.
(1D chart)
It remains to be seen if the 0.18612834-0.24642812 zone can find support and move up.
If the price breaks out of the downtrend line and maintains the range of 0.24642812-0.36703768, the uptrend is expected to continue.
If it declines from the 0.18612834 point, there is a possibility of entering the mid- to long-term investment area, so you need to trade cautiously.
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(CHZBTC 1W Chart)
The support section is weak due to the sudden rise.
Accordingly, it is important to keep the price above the 615 Satoshi point.
(1D chart)
We need to see if we can break out of the downtrend line while maintaining the price in the 659 Satoshi-863 Satoshi section.
To continue the uptrend, it must rise above the 966 Satoshi point.
If it falls in the 615 satoshi-659 satoshi section, it can touch the 352 satoshi-455 satoshi section, so Stop Loss is required to preserve profit and loss.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking about the indicators in reverse.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Chiliz (CHZ) - July 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(CHZUSD 1W Chart)
If the price is maintained above the 0.28242521 point, we expect the uptrend to continue.
(1D chart)
If the price is maintained in the 0.24642812-0.36702768 range, it is expected to turn into an uptrend.
However, we expect the uptrend to accelerate only when it deviates from the downtrend line.
If it falls in the 0.12430757-0.16268340 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
-------------------------------------
(CHZBTC 1W Chart)
After the surge, the support section is still weak, so you need to trade cautiously.
If the price holds above the 615 Satoshi point, it is expected to continue the upward trend.
However, I believe that the uptrend can only be accelerated when it deviates from the downtrend line.
(1D chart)
If the price is maintained in the 659 satoshi-863 satoshi range, it is expected to turn into an upward trend.
However, the uptrend is expected to accelerate only when it deviates from the downtrend line.
If it falls from the 615 satoshi point, it can touch the 352 satoshi-455 satoshi section, so you need to trade carefully.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
CHZ/BTC buy opportunityHi followers,
BINANCE:CHZBTC Formed higher low after big ABC correction,
Now with the break up of the Flag pattern we maybe ready for another impulsive move up.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my ideas - 👍 Like, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Chilliz - 100X Alt Coin GemThis coin went from $0.02 at the start of the bull run as is now $0.2 reaching highs of around $1.2 so closing on the 100X increase. It is a sports betting token founded in Malta. If the bull run continues as this is highly correlated with the price of bitcoin we should invest. It is increasing in value relative to bitcoin and putting in much higher returns.