CHZBTC trade ideas
Chilliz / BTC Technical AnalysisChilliz / BTC Technical Analysis for the next couple of weeks. Chilliz is on its way to make a move towards the all time high after forming a bullish patter. It has been consolidating for a couple of days allowing swing traders to profit from this. However, I expect the price to drop towards the low .30 level before this move to take out short positions around this level.
Where is Chiliz Going? My Price AnalysisChiliz had huge pump towards the upside recently having reached as high as 0.00001300 area but right now it seems to be going down. Most likely it will have a sideways movement within the descending triangle pattern and luckily, there is not enough selling volume for this coin to fall back towards a major zone at 0.00000470 price area.
It can most likely reach in between the 20 EMA price zone and the bottom of the triangle at 0.00000940-ish price area. As seen in its past performance, price range sticks very close to the 20 EMA whether it be on its top or bottom of the this EMA once drastic price movement settles down. So yes, its price movements most likely will be inside the 0.00000940's area.
If we are to get another pump, my bullish price target would be the 0.00001770 area. We need good fundamental news to push the price back up and most likely we will be getting one soon since this project aims at sports-related activities.
Feedback and suggestions are appreciated, thanks!
Chiliz (CHZ) Goes Beyond! 2140% Peak Price (Altcoins Update)Chiliz (CHZBTC) has gone beyond and so far is at 2140% of profits since our main entry...
There is more...
If we calculate the peak price hit from the early January low, we have over 3550% growth...
Amazing numbers.
Keep in mind something that I repeat often.
The altcoins are all related/interconnected, the entire market is intertwined... Where one altcoin goes, the rest follows.
We see Chiliz doing amazing numbers, great numbers, what we are used to seeing when the cryptocurrency markets enter the bullish mode.
But we also have other pairs growing...
And there will be many more.
Buy up...
Sit back, relax & enjoy.
Patience is key.
Namaste.
CHZ battle- Started correction after reaching ATH at 585
- 0.5 (~440) proved to be a nice support in this descending channel (Great buy zone)
- Need a nice impulse candle to break that downtrend line
Actions:
- Breaking down 436, short
- Breakout trendline (impulse over 500), target 585
Not a trading advice, do your own research
CHZYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Chiliz (CHZ) Going Straight Up!Remember the title on the Zilliqa (ZILBTC) chart?
"Going straight up"... And so it did.
Chiliz (CHZBTC) is looking very similar to me.
Its price is challenging resistance day after day and we have bullish indicators all the way.
The MACD is already above zero and trending higher every day.
While the RSI already hit 68.
With everything that's been said... You still need to build your own plan, have a strategy in place, before you trade.
This is Alan Masters.
Namaste.