Chiliz (CHZ) is the most dangerous altcoin!Hello, everyone!
This is the bonus analysis for today. I decided to consider the Chiliz because it’s pumping and have a huge interest because of that. I wanna warn you, buying this altcoin could be dangerous, not because of it’s pumping against the market, because of how it is pumping. It has too clear structure that can give me an idea that the target for CHZ is very low.
This is the daily time frame of the CHZUSDT chart. Here we have the confirmed 5 waves structure which have been already ended. I defined it because the price reached it’s target zone and confirmed waves 3, 4 and 5 with the Awesome oscillator divergence and zero line cross under.
Today the price pumped and found resistance exactly at 0.61 Fibonacci retracement. I think the game is over. Wave 2 is finished and next couple of weeks we will see the huge crash in the wave 3. This thought perfectly confirms our setup for the Bitcoin. Crash is imminent, guys. Prepare your bags!
Best regards, Ivan
CHZUSDT
CHZUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CHZUSDT
There are R2 and R1 as the resistance areas which express the price was not able to rise. And S1 is a support line that shows the support of price at different points. Hence, we have the price fluctuating below R1 area and we believe it will rise to the height of R1 (this is a good point for saving profits) and there we should wait for some falling signs and then the short position of the chart is activated and a fall is waiting for it toward S1. If the price moves above R1 and fluctuates there, more rise is waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
CHZ 1DAfter 28 days down, CHZ found powerful FIBONACCI support at 0.1599 and pooled back reversing this formed downtrend.
Buyers have taken control of the horizontal support zone and the price is making higher highs and higher lows.
As long as the price is above the support level of 0.1599, we expect the buyers to be in full control for the CHZ to move towards its strong resistance of 0.2817.
Fundamentally CHZ is very high octane and is likely to take an impulsive kick up as the world approaches. Built on the Ethereum blockchain that allows sports and entertainment fans to monetize and incentivize their activities through tokenization. As an ERC-20 token, Chiliz provides currency for the world's first blockchain-enabled fan engagement platform, Socios. The Socios marketplace allows fans to buy and trade fan tokens or branded NFTs and participate in or influence club-focused polls and surveys.
🔥CHZUSDT SHORT TERM UPDATE!!🔥Check out the trade plan for CHZ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CHZUSDT Short-term trade plan on 30 mins timeframe inside the channel and support formed.
CHZ - Cryptocurrency for sports fans.After the false breakout of the upper boundary of the trading range, we observe a structural return of the price inside the channel with a further test of the buyer.
If the buyer fails to hold and push the price out of these price levels, a price decline is expected.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
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.