CHZUSDT
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.
Chiliz (CHZ): High Risk setup in medium termHi everyone!
If Chiliz (CHZ) develops a bullish impulse structure, it might be interesting to try taking a Long position on the corrective structure. One very important thing to know is that this trade is high risk, so using a very very small size should be necessary, if our analysis is correct then we will have time to add Long positions on pullbacks, I am a Trader, and the thing most important to me is risk management.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
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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.
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CHZ/USDT CHZ/BUSD Trade IDEACHZ is currently making cup and handle structure, This is how i would like to plan my trade. I would wait to break and retest resistance around 0.14~0.15. I would set take profits for short, midterm and long term (runner) with a tight stop loss. These are just my thoughts and they are not trade signals by any mean.
This is not an entry signal. Please Do your own research..
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.
✴️ Chiliz Trade Signal (133% Potential Profits)Chiliz (CHZUSDT) is trading within a higher low compared to June last year.
Within this higher low, we have a break above EMA10 and EMA21 as the daily trading volume starts to increase...
This is supported by a strong RSI.
The rest of the cryptocurrency market is also growing an altcoins such as Ethereum Classic and BitDAO already moved ahead.
This pair is likely to follow...
Disclaimer: Trade at your own risk.
Wishing you the best of luck.
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ENTRY: $0.1055 - $0.1260
TP1: $0.1450
TP2: $0.1780
TP3: $0.2010
TP4: $0.2300
TP5: $0.2805
STOP: Close weekly below $0.0960
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Namaste.
CHZ CAN GO UPPERHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the CHZ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You