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CHZ / UST

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CHZUST trade ideas

CHZ/USDT bullish ride? 👀 🚀 CHZ Today analysis💎 Paradisers, prepare for a promising opportunity with CHZUSDT, as it has recently transformed resistance into support, indicating a strong likelihood of a bullish trajectory. 💎CHZ has consistently followed a descending channel, breaking above it to initiate an upward trend. After surpassing the resistance level at .6515, it successfully captured buying interest, further breaking through the second resistance level at .7497. Currently, this second resistance level has evolved into a support zone, enhancing the probability of a continued bullish movement. 💎 Should the price fail to honor the current support level at .7497, we anticipate a bullish strategy from the demand level. A breach below this point could lead to a significant drop towards the next support level. This scenario underscores the importance of staying alert and responsive to market dynamics. 💎 A key milestone to watch for is the breach of the third resistance level at .8464. Such a development would likely signal the commencement of the next bullish phase, presenting a strategic opportunity for market participants. As always, vigilance and timely action are crucial in navigating these market shifts.
Long
by MyCryptoParadise_Simon
✴️ Chiliz Grew 24,700% Just Two Years Ago...Considering the fact that Chiliz (CHZUSDT) grew by an astonishing 24,700% in 2021, just two years ago, it is more than possible to see a bullish wave extending beyond 1,800% and hitting even 3,000% or many times more. The last bull market lasted 364 days after the double bottom (higher low). This time around we have a lower low instead. 364 Days would put us at early October 2024. This is just one method we use to calculate potential tops for the next cycle but we don't know how accurate it will be. As we continue to go through hundreds of charts we will come up with more and varied methods that will give us a better picture. When we have a set of say 3-5 different methods, plot them all together and get an average date we can calculate the next market cycle top with a high level of accuracy. This isn't really important though, what really matters is to buy low to later sell high and develop a plan to maximize profits when selling the target, the rest is just a waiting game. I hope you can join me in the coming months and years... Cryptocurrency has lots to offer. Namaste.
Long
by AlanSantana
4
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two higher highs (upper trendline). Draw another trendline connecting at least two higher lows (lower trendline). 📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside. 📈 Trade Strategy: Consider buying when the price breaks above the upper trendline of the Falling Wedge. Set profit targets based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
by RaffDN