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CHZUSD

The buying pressureThe buying pressure on CHZ caused an important resistance in the range of $0.1417 to $0.1547 to be broken and turned into support. The target of buyers can be considered in the resistance range of $0.196. This resistance has already brought many reactions. It is also in the upper half of its main descending channel, which with this support from the buyers' side, can have the potential for price growth up to the ceiling of the descending channel. The return of the price towards support can bring a positive reaction.
by MonoCoinSignal
4
Chiliz CHZ price is approaching the zone of strong liquidityThe CHZUSDT price is trying to catch up with the upward trend that has been dominating the crypto market for more than a month. The other day, the CHZ price finally consolidated in the upper half of the falling global channel . CHZUSD will soon reach $0.18, and then it will be more difficult for buyers to drive the price up. After all, it is in the range of $0.18-0.28 that a strong liquidity zone is observed. During the 3 autumn months, some bought CHZ in this range and others successfully sold it, and, as we can see, the sellers were stronger. And all because Chiliz announced its sponsorship of the 2022 FIFA World Cup. In fact, the situation around the CHZUSDT price perfectly reflects the trader's saying: "buy rumors and sell facts". While some people were buying CHZ in the expectation that the price of CHZ would skyrocket with the start of the 2022 World Cup, major players were selling CHZ to everyone who want for 3 months. And with the start of the FIFA World Cup 20.11.2022, the CHZUSDT price began its -65% drop. Therefore, it is very likely that those who have been sitting in a "painful deposit drawdown" for more than 3 months will sell their CHZ "to zero" in the range of $0.18-0.28. This is how human psychology works. And this, in turn, will slow down growth. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
CHZ has recorded a 15% price drop over the past weekCHZ has recorded a 15% price drop over the past week, with most of the drop coming from the previous day. After buying support took the price to the $0.1444 resistance range, as this level has seen a lot of reaction in the past and is considered an important supply level, it has caused short-term buyers to save profits. The corrective wave has a high downward slope. Therefore, there is a possibility that the price will enter a time correction. But very important and reliable support is considered in the range of $0.1144, which is located exactly on the midline of the main descending channel. If the price hits this area, we can expect a positive reaction. In this case, there is a possibility that after the correction, we will see another attempt to return the price to the resistance of $0.1144 to $0.1160.
by MonoCoinSignal
11