#CHZIn time h2, a medium-term ascending channel is moving, which can continue its growth up to the ceiling of the channel with the failure of the swing, which is also the midline of the channel. Therefore, with the support of the green box to continue the upward trend, it can rise to the red box area.
CHZUSDT trade ideas
CHZ is a fan token that has the potential to...
🔸 First, take note of the broader context; we are potentially at the bottom and starting to bend upwards. There is a great potential for growth, and I have set two targets, with the possibility of adding more along the way. The coin is ideally suited for spot trading.
🔸 Chz is a fan token upon which well-known teams base their own coins. It's important to emphasize that these are specifically top-tier clubs, which is crucial. Currently, chz ranks 60th in terms of market capitalization and 30th in terms of daily volume. This indicates an impending movement, especially with the Champions League approaching, as fan tokens tend to be active during games.
🔸 Pay attention to the volume; it's substantial and based on the chart, it's not indicative of selling pressure.
🔸 A local uptrend has formed, as indicated by the EMA 50/100/200, with prices trading strictly above them.
Chiliz is a good option to hold until the halving.
Colleagues, these are all my own ideas and insights, which may not align with yours. Remember that every trader is unique, so always conduct your own analysis before making any trades.
I try to explain my logic in simple terms to help you understand the market. However, keep in mind that I have my own secrets that I don't fully disclose.
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CHZ/USDT Break out the key level resistance. Bullish Momentum??💎 CHZ has undergone significant developments in the market. Currently, CHZ has successfully broken out of a key resistance area, indicating a bullish momentum for its next move.
💎 The chart is now in a retesting phase, initially at the support level, which was previously resistance. After this retest, there's a probability of CHZ continuing its upward movement and reaching our target strong resistance area.
💎 However, if during the retesting phase CHZ fails to bounce from the support and instead moves sideways for an extended period, it raises concerns. This scenario could be a sign of potential support breakdown. If this occurs, the price may switch back to a downward movement, with the target set on the Bullish OB area.
💎 The Bullish OB area serves as the last support for CHZ, coinciding with the support trendline. Bouncing from this area and reclaiming the position above the resistance is crucial for CHZ to resume its upward trajectory. Failure to do so may result in continued downward movement, returning to the bottom support level.
Mock Up Price Action for CHZ | Mid-Long Term (12HR)Mock Up Price Action for BINANCE:CHZUSDT | Mid-Long Term (12HR)
- Monitoring coins looking for market correction dip price support levels to buy in at and accumulate for longer term
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
- Glad to see this one finally waking up. Definitely lagging behind the rest of the market.
📊Where is the ideal TP zone for #CHZ❓🧠As the Asian Cup continues, related tokens have also entered a wave of popularity.
➡️From the perspective of wave theory, the third wave is currently being completed.
➡️From a graphical structure point of view, we started the rise with the smiling face bullish structure as the supporting force. The current rise is very strong, and the ideal target area is 0.13762-0.16358, so it is worth paying attention to.
Let’s see 👀
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CHZ H4 IDEA MIGHT HAVE 17% MORE UPSIDECHZ H4 IDEA MIGHT HAVE 17% MORE UPSIDE
I also have posted a long trade idea on h1 on CHZ. This one is the original breakout trade with wide stops and 1RR. This is best for SPOT the future/long trade is as below:
My Last Idea on CHZ worked exactly as I wanted it to we made over 5RR on the last trade from our limits:
Let's try this one in SPOT.
Warning: Nothing I post is a financial advice, take it at your own risk and DYOR. Good Luck!
Analysis with liquidity level (CHZ)📊Analysis by AhmadArz:
This is my idea by priceaction method with liquidity level🎯.
🎖️just : R/1.5
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Short Trade Bitget
Pair: CHZUSDTPERP
Observation:
23rd/24th Jan 2024 – 8.00am
Bias Short
Structure 4Hr
Entry: 1Hr TF min
Condition - Targeting Zones (supply and demand).
Underlining the mechanical technical strategyOrder blocks/Institutional input (BOS)
Entry Price: 0.09752
Profit level: 0.07098
Base of the trading range support level (2654PIPS) = 10.72%
Stop Level: 0.10797 (1045PIPS) = 6.89%
RR 2.54
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🚧CHZUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
Chiliz token showing a bullish flag pattern and Head&Shoulder, and also testing descending resistance🧐
Breakout above could spark large upside move up to the $0.55 resistance zone🎯
❗ Note that if the Bullish Flag is broken down with the power of descending candles, our analysis will fail.
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CHZ NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that CHZ has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
We did follow before more coins, and these coin seems to have an increase of break in the coming time.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
CHZUSDT.PAfter reaching the 4-hour order block (OB), the price bounced up in line with the drawn path. Now, I am waiting for a confirmation closing above the 15-minute OB to go long, with a target set at the 1-hour OB.
After that, I will be looking for a short position.
I will update the chart. The previous analysis on this token can be found in the link below.