#CHZUSDT Bullish Pennant Trade setup: Price is in an uptrend but has reached $0.27 resistance zone where it got rejected 2x in recent months. It’s also somewhat overbought (RSI > 70). Wait for price 1) break above $0.27 to resume uptrend, or 2) pull back for a swing entry in uptrend. (set a price alert. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $0.18, then $0.14. The nearest Resistance Zone is $0.27, then $0.33.
CHZUSDT
Entry level for CHZ!Here's a quick Look at the CHZ daily chart.
The best entry would be when the price breaks above 0.3$ with a good amount of volume!
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The idea is: Buy when the price breaks above 0.3$ and take profits at the levels shown in the chart.
Targets:
1. 0.31$
2. 0.33$
3. 0.35$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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CHZ/USDT - LONG -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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⚡️⚡️ CHZ/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5.0X)
Entry Orders:
1) 0.24485 - 100.0%
Take-Profit Orders:
1) 0.25850 - 60.317%
2) 0.26915 - 24.855%
3) 0.28580 - 9.826%
Stop-loss Orders:
1) 0.21940 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
$CHZ - Ready for the Kick SHOTHello my Fellow TraderZ,
As FIFA World Cup is approaching closer, keep all the Football or the Fan Tokens in your radar. They will go insaneously popping up out of nowhere.
$CHZ #CHILIZ is one of them.
Look, $CHZ is forming class Inverse H&S on DTF. Though it is currently at the confluence of Resistance Zone of Horizontal R + Neckline of Inv. H&S, I'm bidding this one to break and go high after a slight pullback.
Either wait for the Break and retest or coming to the Support.
CHEERS!!!
CHZ grew by more than 15% yesterday and 7% today!CHZ grew by more than 15% yesterday and 7% today. After the price entered the corrective wave, we saw a positive reaction to the support levels of the floor of the medium-term bullish channel. After the pullback to the support range, this good rally occurred before the Bitcoin price declined. The resistance range of $0.236 to $0.270 is very important in continuing its mid-term and long-term trend because it is considered an important resistance in the daily time frame. Because if this area is broken, the price can even leave its long-term downward channel. For the short term, until the bottom of the ascending channel is broken and the market conditions remain favorable, we can expect more price growth from this currency.