CHZUSDT trade ideas
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 - Macro scale Elliott Wave analysis. Weekly Log. Bullish count. I do have an alternate bearish count, but both coincide with a bounce, so for now I'll keep it under wraps. I have us having finished w4 with an WXY combo. with w1-2 finished on the 5th wave. The ratios so far are nice. A move (even a wick) below $0.0816 would invalidate this count (making wave 2 go below the start of wave 1).
*Second Chart* Daily chart (still log chart) with subwave counts.
Is CHZ About to Start a New Bull Run?CHZ (Chiliz) is currently at support and appears to be trying to bounce back. What are the chances it will succeed? Let’s find out!
The details: CHZ lost almost 90% of its value this year from its all-time high of $0.95. While this may sound like a lot, it is pretty common in the crypto market, especially when it comes to altcoins. Even Bitcoin lost around 86% of its value at one point.
Bull Run Ahead?
CHZ is currently priced at $0.11 as of January 6, 2023, and is very close to its 2022 low of $0.080, where we find the major support level. Support and resistance levels are not exact price points, but rather price areas with some room for interpretation. If a coin has bounced once from $0.085, the next time, it can also bounce from $0.080. In this current swing low, CHZ has reached $0.0970, which is in line with the support level, which ranges (more or less) from $0.10 to $0.09.
CHZ has started pushing up quickly and is already showing signs of making a V-shaped recovery. The next stop is the 25 exponential moving average (EMA), which has been a pretty accurate mobile support and resistance. CHZ would need a break and close above the 25 EMA for the rally to continue.
If a bull run commences, then the next resistance level stands between $0.26 and $0.29, which would be a 150% increase from the current price level. We have a minor resistance around $0.16, which is 40% higher than the current price, making a decent potential profit for this scenario.
Looking Ahead: While many signs point to CHZ starting its bull run, we still need to be wary. CHZ showed signs in May 2022 that it was going to make a quick recovery, before plunging back down and finally recovering in July. Therefore, it may not be the best idea to enter with all of your funds, but rather a portion of it with the potential to enter more later on.
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!
bullish signs continue for CHZ🚀nice bounce from support mentioned in last few posts, huge volume increase, higher lows on RSI, attempting to push back above trend support zone.
watch for break of local downtrend, we may see some more bullish impulse if this happens⏰
boost and follow for more, thanks 💙
CHZ - Potential SHORT - 4hrly/daily - Bybit: CHZUSDTPERP Trading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY/DCA/LADDER previous entry post
Entry 1: 0.12575 (or any of entry 1 box options)
-if missed focus on next entries. Don’t stress.
Entry 2: 0.14340 “”
Entry 3: 0.16615 “”
Entry 4: 0.19900 “”
Entry 5: 0.23565
Entry 6: 0.27545
Entry 7:
Stop Loss/ladder re-entries:
Entry 1: slight light above 0.13000 (gann res)
-slightly below your re-entries
-5-10% move from your chosen entry 1
-slightly above/below entry/key resistance
-1:1 or to own personal risk factor
Entry 2: slightly above 0.14990 “”
Entry 3: “”
Take Profit Targets:
- 0.10410
-
-
-
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
-don’t hesitate to dm me for guidance :)
CHZ looking for a strong moveChiliz has been beaten down with the rest of the altcoin market as per expected, however we are at a very crucial/pivotal point in the price action of CHZ as the price has been encapsulated inside a range resembling a symmetrical triangle which can be seen to be as a bullish formation considering the flag it has formed on the weekly timeframe.
In saying so, CHZ will need to hold the 10 cent level and reclaim/consolidate around the 12-14 cent region to push further up if we are to see some bullish momentum, otherwise we may see a rally along with BTC but it would be deemed to be short lived with the 12-14 cent range acting as a resistance level. In this case this could offer a great short opportunity all the way back down to the 1.7 cent region.
For now the 3D timeframe is looking decent, with the rejection off the 10 cent support level however we are yet to see a surge in volume and this needs to happen sooner rather than later as currently the lack in volume does show that bulls are hesitant to buy, and the bears remain in control at these levels.
The reclamation of 12 cents is something I will be looking out for to enter back into a long position to the upside, targeting 17 cents and possibly even 22 cents dependent on market conditions.