CHZUSD trade ideas
A perfect cup and handle?Hi traders,
As some of you may know that in theory, the handle bouncecs back at most the 0.382 of fib retreacement drawn from the top to the bottom.
In our case, It meets the requirements. ( CHZ has also so bullish price movements currently. It supports the idea that the cup and handle formations is the continuation formation )
Stay safe.
CHILIZ LONGyesterday CHZ decided to launch from .27 range to .32 and then settling around .31. a bullish move that has resulted in a new bullish pennant- IM NOT ALWAYS right but i believe this is another move up and when it goes it will try to hit .40 range.
im not a charting expert- i just call what i see and throw together simple chart concepts- do NOT take anything i say as financial advice.
all the best and keep an eye on CHZ!
Entry@$0.27 Target@ $2.10 Apr 3, 2023 Chiliz Blockchain Token
Entry@$0.27 Target $2.10 Apr 3, 2023 long term
Entry@$0.20 Target $1.40 Jul 4, 2023 Short Term
The world’s leading blockchain fintech provider for sports & entertainment
Chiliz developed the Socios.com sports fan engagement platform which
is built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive
on-platform currency. Circulating Supply
5,344,064,580 / 8,888,888,888
Project Website: www.chiliz.com
Bitmart Exchange: www.bitmart.com
Crypto.com Exchange: crypto.com
Chiliz next targetsThose who been holding Chiliz and not seeing upwards movements, the next leg up most likely will have to wait till end of May. As the bollinger band are starting to become smaller for the next big up move. Those still looking at entry point it looks like Chiliz still can move down a little lower, but anything around 0.45 - 0.5 is a great entry.
My strategy hitting first target to get out my initial investment as you never know if it could possible move down to the bottom of the channel again. With how much it went down with a down channel I feel like the 2nd target could be a top and selling all there and wait for it move down to the bottom of the channel again to rebuy.
BTC LOOM CHZUSD Technical Analysis & Predictions 5/2/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Time to be carefulDear friends, I know I know that indicators or TA's are not working on Chz, doge,xrp and many more cryptos. However we can clearly see that Chz was moving in the channel except couple of spikes . So, I will take the guide resistance of the channel .in my opinion it will hit the resistance and go down around %25-30 . Surely this is my own strategy .
Please comment below what do you think and whats your strategy
Thanks
CHiliz 4.29.21Last chance before this train is leaving. structure reminds me BNB where it just goes parabolic again . 1 dollar is the next milestone and it will hit it. ANytime ive seen an asset get that close to 1 dollar it will almost always test it. Chiliz is likely to go on to 10 dollars in the coming cycle. not today, not tomorrow, in a dozen 50 day cycles
$CHZ trend updateWe continue to see price behavior suggesting more upside in the near future. The price continued to successfully rebound off key areas of the chart. The amount of time consolidating generally points to a significant upside in future highs. As always DOYR, don't hesitate to add your thoughts.
Chiliz (CHZ) - April 28Hello?
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(CHZUSD 1D chart)
We need to see if we can get support and climb in the 0.48762724-0.54792702 section.
If it falls at the point of 0.36702768, a Stop Loss is required to preserve profit and loss.
The 0.48762724-0.54792702 section currently forms an important support section.
If it gains support in this segment, it is expected to continue the upward trend.
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(CHZBTC 1D chart)
We have to see if we can gain support and ascend in the 863 Satoshi-966 Satoshi section.
In particular, we have to watch for movements that deviate from the downtrend line.
If it falls at 659 Satoshi, you need Stop Loss to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Chiliz is preparing another bull run !!I'm bullish with CHZ. (Chiliz)
After crazy bull run, the price of CHZ was decreasing. But I think this is the timing we can get another chance.
1) Daily CHZ touched 50 EMA recently and came back with huge volume increase.
I think that showed strong support.
2) MACD histogram is decreasing, which means that bearish power is weakening.
3) Daily RSI is oversold, enough to make bullish divergence compared to the price.
(07 February vs. 07 April)
I expect CHZ price to be over $ 1.2 after few weeks.
Trade at your own risk.
XOXO.