CHZUSDT
CHZUSDT - is the early bounce possible?Arguably the most cited NFT token is finally looking to have made a rounded bottom.
what lies next (statistically)??
Either it's going to make a double bottom, triple bottom or the cup and handle pattern. Every pattern is in ascending order of the probability. The lest probable scenario would be that it continues to fall down, making a downward sine wave amplitude, and then fall even farther.
Well, let's try to make a trade here…
Entry and SL are given in the chart. It's a 1:3 RiskReward trade setup.
let's see if its play out.
**Plz like and share the idea if you concur. Thanks.
CHZ/USD :: Short for Long time ?CHZ/USD :::
It is in a descending channel and the overall trend is moving downwards .
The support has been broken and there is a big price difference until the next support, and this creates a good opportunity for a sell position .
If the next support is also broken, it will continue its path to the bottom of the channel .
<<< Good luck >>>
CHZUSDTI've been following this channel for a while on Chiliz. After making its second top, I observed that it formed a falling trend. I also created the lower part of the parallel channel by drawing a line at the same angle from the bottom it made after the first peak. It has worked very well so far, I think it will continue like this. My expectation is as in the chart.
CHZ - 06/01 - 2hr Chart UpdateCHZ - 06/01
#CHZ is currently trading in a up trend channel.
After weeks losing it's volume CHZ managed to recovery itself pretty fast, pumping 14.49% in 6 hours.
After a breakout attempt over the resistance zone it retraced to the support zone.
I'd look for a LONG entry if it touches the support zone again or successfully manage to have a breakout confirmation over the resistance zone.
*Candle color depicts volume
#CryptoFutures
CHZ is bearish but has room to go higher.Hello guys!
CHZ got rejected by the resistance level.
It made a 15% pump, and now it has come back to the support zone.
The trend is bearish in general, but this asset still has room to go higher even in this bearish trend channel.
It just needs to break two resistance levels and confirm above them.
However, the dynamic resistance levels shown on the chart are extreme, so be careful.
Let me know what you think. I would love to hear your ideas.
Good luck!
CHZUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for CHZUSDT
Here we have R3, R2, and R1 as the resistance areas and they all express the price was not able to rise at different points. And at the bottom, S1 is our long-term support area that includes the support of price since the past. Hence, we have the price fluctuating below R1 and we expect two scenarios here. Either the price will start a rise by giving us some confirmation candles in this regard and we would have its increase up to higher amounts. Or possibly the price will lose the support and faces a decline to lower amounts. The point is to wait for some confirmation candles in order to make sure what will happen next and act wisely.
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: Oversold at SupportChiliz (CHZ) technical analysis:
Trade setup : Price got rejected 4x at $0.27 resistance zone after which it broke below $0.18 and $0.15 and $0.12 key levels, signs of Downtrend. However, price is now very oversold (RSI < 30) and near $0.10 support, which could be swing entry for near-term bounce. 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 : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.10. The nearest Resistance Zone is $0.12 (previous support), then $0.15 and, $0.28.
CHZUSDT 1HCHZ with strong resistance at 0.1126 and good support at 0.1085; on the 1H chart. With the RSI indicating exhaustion of selling forces and the CHZ visiting the lower edge of the Keltner Channel, Possibly there will be a rise of the CHZ in search of the MM200 which is at 0.1121.
CHZ was massacred too much with evictions during and after the 2022 world, but it continues with its fundamentals and will soon deliver its blockchain, hence its price will return to seek the fair range. on the 1h chart the indicators show a long trend.
Supports and resistances follow.
S :10.72 / 0.1085 / 0.1087
R: 0.1101 / 0.1119 / 0.1126
Short the CHZHello traders!
Welcome back to another episode with Analyst Aadil1000x.
Today we are shorting CHZ because of a bearish pattern.
Sell CHZ now @ 0.11182
Stoploss 0.1129(-0.99%)
Target 1, 0.10913(+2.38%)
Final Target 0.10564(+5.5%)
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