All 👀 on weekly close of Chiliz🚨🚨🚨Again all eyes on the weekly close of Chiliz dear Crypto Nation🚨🚨🚨
Ignore my Love for CHZ ... a potential breakout of the bullish flag is what we should look for👀
Your thoughts on CHZ❓
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
CHZUSDT
CHZ - A pivot formation with great potential.The withdrawal of liquidity in the lower range of the trading range indicates the instrument's intention to show growth and go for the withdrawal of liquidity in the opposite side of the channel.
We look at the situation.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
CHZ IS preparing to make a big move!It has been 90 days of moving sideways! Didn’t go down this time to the demand zone in the green area! In addition to , a devolving beautiful pole flag! Once it breaks this resistance, it’s going to make 200% at the very least considering the time that been spent over that area!
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/USDT Analysis Technical in Daily 🌼😃Hi 🤞
As can be seen in the chart, the price has hit the resistance zone of $0.26 to $0.28 three times, but has not been able to cross it so far. One of the general nature of markets that traders are constantly involved with is a phenomenon called Stop Hunt or Stop Hunting; Stop Hunt occurs when a trader has entered a trade and has set his limit, after some time the price has reached the limit and activates it and exits the trader from the trade. Then the price movement is reversed and goes in the direction of the trader's analytical process. Recently, Chiles has formed a lower floor than its previous floor by hitting the resistance zone (Bearish Zone) and its fall, which has led to the breakdown structure (BOS) in the daily timeframe. This event causes the current uptrend (short-term) to change to a downtrend. If you look at the left side of the chart in general, you will notice that another BOS structure has formed, where the price has the ability to cross above the major pivot A at the $0.33 level. According to these two mentioned criteria, the general trend of this cryptocurrency is downward, and in the medium term, the price will drop below floor B, which is at the price level of 0.08 dollars, there is a high probability of happening. If the price breaks through the resistance zone of $0.26 to $0.28, it has the ability to reach the levels of $0.33 and $0.35 (weak scenario). Otherwise, with the loss of the $0.15 support area, the price is expected to react to the $0.1 and $0.08 levels.
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CHZUSDT(CHILIZ) Daily tf Range Updated till 16-11-22CHZUSDT (CHILIZ) Daily timeframe range. One of the thing if you notice even through volatile crypto downtrend it never got back to its old lows, it held back. it do tell there are quality holders their. Beside it got a solid fundamental backing. A active dev team. To technical part it got optimal volume . At this state there are clean setups one can find here and there throughout its levels.
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.208
T2 = $0.237
T3 = $0.279
T4 = $0.335
and
T5 = $0.488
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.192
SL2 = $0.163
and
SL3 = $0.103
Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
CHZUSDT 1HCHZUSDT 1H
Even if the formation is a triangular wedge (orange lines) or the possibility of a W formation (purple lines), the market should retreat, even because combined with the uncertainties of the horizon with the shock waves provided by the FTX, it has the pattern weekend seller. Remembering that CHZ has not lost its great fundamentals!!
Follow the supports and resistances.
S: 0.2083 / 0.1867 / 0.1458
A: 0.2637 / 0.2948
Chiliz CHZ Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Chiliz CHZ , which is overvalued.
CHZ/USDT short
Entry Range: $0.27 - 0.28
Take Profit 1: $0.24
Take Profit 2: $0.21
Take Profit 3: $0.18
Stop Loss: $0.32
CHZ is going to do a good Bullish movement soon!CHZ has the odds to create an Inverse Head and shoulder Pattern which means the Price will Pump up Pretty Quick (if the Pattern is to be created of course!) So when the Pattern creation Happens and It's Completely formed, we shall Expect the Price to increase as much as the Length between the Bottom and the top of the Head (Measured Price movement) a huge boost in the Price will happen so be sure to take benefit from it! Don't forget, the Price hasn't been able to break the neckline yet! So yeah It's a little tough to be bullish on Chiliz but We shall not Give up on it :) and also the Price hasn't completed It's right Shoulder So It Gets Even more Risky to Enter Right now!Please wait for the Shoulder Movement to complete!