Chiliz Bulls Are Now Up! What Happens Next?We looked at CHZBTC (Chiliz) back in early January... Here is the chart:
It moved just as charted, but, what happens next?
Right now we are looking at really strong bullish action, the strongest this altcoin pair has seen.
CHZBTC is also displaying the highest volume as well as extremely bullish indicators. The MACD allows for additional growth.
The RSI is now really strong... Chiliz will continue to grow.
Namaste.
CHZBTC trade ideas
Chiliz Hits Support | Will It Bounce? | Chart SignalsChiliz (CHZBTC) almost hit the .786 Fib. retracement support and started to bounce... Let's take a quick look at the signals:
Prices for CHZBTC bounced just above .786 Fib. For bullish cycles, .618 Fib. can be enough to complete a retrace so reaching lower and bouncing with strength can be a bullish signal.
Volume is showing up.
Break above EMA10.
EMA100 being challenged.
Bullish RSI.
Bullish divergence on the MACD + bullish cross.
Downtrend line broken.
There you have it... You can find the important support and resistance levels marked on the chart.
My view
I believe Chiliz can produce some good growth here... There is still the possibility of another low before fully resuming the uptrend, but a bullish move is still due now.
Thanks a lot for reading.
Namaste.
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Previous analysis |
CHZBTCLooking at CHZ on the daily
Willy stupid and making a W
Histogram ticking up but it has made a LL
OBV not to crash hot
Very little volume (Who is driving the bus?)
Price trading at the POC
Price also trading on the .618
I want to see more structure in price to tell me if we are bullish off the 618, then ill look for a trade entry
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CHZ / BTC Falling Wedge. Pivot zones for work.After the pump, a downward wedge formed, the price almost reached the zone of potential reversal, or at least accumulation.
TARGET.
In the trading idea, I showed only a potential first move to take profits. A coin can go up much more in short-term movement. They can pump up hundreds of percent, but only for a short time! All this is done thanks to the satoshny price, 3 exchanges where it is traded and relatively small capitalization.
When trading such coins, always remember - greed begets poverty!
The coin was created only for speculation, it must be understood, the satoshny price is also not random.
Coin only for trading is not for holding!
The legend of the project.
And again scam Binance exchange which "does not post" fraudulent projects on its site. The legend of this project, Chiliz, creator of Socios.com, aims to give sports fans and cyber sports the opportunity to manage their favorite teams, games, leagues and events.
ENTRANCE.
Entrance only when a downtrend line breaks (downtrend resistance line, red line)!
You also need to understand that after breaking through the descending wedge line, an accumulation channel of 40-50% can be made.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
CHZBTCLooking at CHZ on the daily chart
Price currently in the buy zone
RSI making HL
Willy stupidly oversold also making HL
Histogram is in convergence
OBV not looking to great
Bearish control is coming off and now is where the bulls need to step in and drive the bus
Big hole in vpvr where price could eventually get to
VPVR value low is acting as support
W in price is forming where id be looking to play the breakout of the Wyckoff check
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CHZ/BTC Technical Analysis Bullish ModeCHZ/BTC Technical overviews:
CHZ/BTC now current Price is 86 Satoshi.
And Technically looking very good.
in daily Time frame MACD bullish crossover is very near.
And Bull Flag is Very Strong.
If breakout Confirm then we can expect 50%-70% Profit.
Fresh Setup: 84-86 Satoshi
Target : 98 / 129 /167 Satoshi
Stop Loss: bellow 82 Satoshi.
Support: 70 Satoshi is very good Support.
If our Stop loss hit then Also placed Buy bid around 70 Satoshi.
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Thank you
CHZ Risky but good chance for new moveNow it at lowest support 94 , can fall further to 88 , if holf 88-94 then we can have new buy cycle, if it will drop further then I expect to crash more
but Risk reward here seems good for new buy cycle as it was damped very hard
so this trade only for the brave ones
put stop loss at 86
CHZ/BTC TA Update (Bullish Breakout?)CHZ/BTC
CHZ is looking bullish as the price broke outside the trend-line of resistance after finding support at the previous Higher Low at 100 sats area.
If CHZ can hold this price level for a couple of days and bounces at the immediate support area.
I expect further upside action up to the 0.5 Fib level before it will decide to continue Higher High or come back retest Swing Low.
CHZ/BTC | Wedge Breakout..!!CHZ/BTC (Update)
Wedge Breakout Done in Daily chart with Bullish Indicators & Strong Volume..
Expecting big Move in Coming days so keep Your Eyes on it.!!
Now Facing An Important Resistance (Daily EMA21), If Broken then Next Target Might be Around 168 Sats.
Next Major Resistance : 133 sats
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CHZ/BTC - Bearish trend brokenIt's been a patient wait for this Chiliz trade but I think we're at a trend reversal here.
My reasoning:
Location: Reload zone, sitting right on the 0.705 fib
Structure: Higher low formed. Would like to see a "W" form here for higher confidence
Divergence: The 2nd OBV div on the chart, making me think a reversal is near. Confirmed histogram div and stupid willy.
Trend: Broken through the bearish trend line, entering a brief accumulation period.
VPVR: Hole in volume above 120 sats and below 93 sats. If we fall from here, moving to fill the gap at 62 sats is likely.
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CHZ / BTC DailyCHZ, are the bears haunted back in the forrest? Maybe, here's why:
* Hits major trendline from it's low's!
* RSI curving back bullish slowly
* bearish volume is running out
* MACD MA's flat, but ready to curve up
* Price rises from little support but needs to hold
* Keep an eye on this one!
* Building an little asending triangle to switch momentum maybe :)
Have a good day mates!