CHZUST trade ideas
CHZ will bounce?Hi all,
I would like to have an update on CHZ.
We can see that CHZ is moving in a rising wedge. At the moment, the prices are at the lower trendline and the EMA 50D supports, after falling from $0.283. The trading volume continues to decline which indicate that the selling pressure has been almost dissipated.
For these reasons, here below is a LONG setup proposal:
Entry: Around the actual price (or waiting for a bullish 1D candle for a safer trade)
SL: $0.1975
Invalidation: 1D candle closing below the support trendline.
CHZ forecastFour-hour H&S top:
After the price fell below the neckline, it tested the support price 0.2109 three times and did not fall below it, forming a box with EMA200.
If the price can break through EMA200 and 0.2307, CHZ has a chance to come to 0.2496, which is also the resistance price near 0.2505 (0.618).
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Daily chart:
If CHZ breaks through 0.2496, there is a chance to challenge the previous high of 0.2826 and a cup handle pattern will appear.
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The target price after falling below the box:
0.1986
0.1788
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CHZ - AnalysisCHZ had a downward trend last week and the price of this currency entered a correction wave after hitting an important resistance area. The corrective wave continued to the bottom of the short-term upward channel of this currency and stopped at $0.21. If the selling pressure can break the bottom of the channel, the first currency support is in the range of $0.18 and considering that the last valid floor in the daily time frame, until this support level is broken, the trend can be between this support range. And the important resistance is $0.27 range. Currently, a full range between the resistance of 0.224 and the support of $0.210 can be considered for this currency in the four-hour time frame.
Due to the extremely low trading volume, all candles in this area have small bodies and large shadows, and in lower time frames, for example, in the one-hour time frame, the range of this trend is well defined between the support range. If any of these levels are broken, the first target can be considered as the width of this channel. To return to the previous highs, buyers must push the price back above the $0.2280 range. In this case, we can again expect the trend of this currency to rise in the 4-hour and 1-hour time frames. But if the support is broken below, the lower support levels considered on the chart can be a target for sellers.
RLinda ! CHZUSDT-> A breakout is expected. What will be target?CHZUSDT forms a downward price channel after the change of the local upward correction, which coincides with the global trend. It can be assumed that the coin is dominated by sellers and the fall can continue.
The global chart tries to show us the growth attempts and preconditions for the change of the trend to the uptrend, what we have: an active growth after the price stopped at 0.083 and a gradual renewal of the local minimum with an increase of the volume in September. But about the change of the global trend we can think only after the price comes above 0.3250 and is able to hold its positions.
On the local chart we have an interesting pattern, which in simple terms is called the "descending triangle." The support is at the level of 0.2122, which was formed on October 3. The price is pushing down to the limit level, forming a set of energy for a breakdown of the support. And I am inclined to expect a break-down.
I assume that the price can break through the support at 0.2122 and continue its movement within the descending channel in the nearest future. I consider the important liquidity zone 0.1821 as my target.
Sincerely R. Linda!
CHZ ANALYSISCHZ is current broken out of the symmetrical triangle and we can expect a breakdown of 22.78% which takes chz to previous support level at the green box area.Therefore,we might expect new leg after chz test this green box area any long position is risky as we have green box as the next support level for CHZ.
Chiliz (CHZ) forming bullish Cypher for upto 49% pumpHi dear friends, hope you are well and welcome to the new trade setup of Chiliz (CHZ) with US Dollar pair.
Previously I shared a long-term trade plan for CHZ , which is still in play as below:
Now on a daily time frame, CHZ is about to complete the final leg of the bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DAY 13: #CHZUSDT (#LONG) More trading signals and their results, in my channel, link in the description
#CHZUSDT (#LONG)
1% of the deposit
Margin: isolated
⚖️Leverage: x10-20
🗝Entry point: 0.21800-0.21780
🎯target 1 - 0.2216
🎯target 2 - 0.2329
🎯target 3 - 0.2452
🎯target 4 - 0.2559
🎯target 5 - 0.2787
❌stoploss: 0.2110
Additional position set: 0.2142
‼️ The risk is BIG, although there are buy orders at the bottom, which so far are holding back from a strong fall. Please observe money management
I hugged everyone and wish everyone profitable trading❤️
CHZ/USDT waiting for a good entryHey, traders
CHZ /USDT is looking like good to buy soon. We are going to set some small spot buys here but wait for a main buy zone near $0.19. What do you think about this coin guys?
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
CHZ uptrend !!! , we will see perfect shortsas you can see CHZ has broken dynamic resistance in daily and under supply zone, but you shouldn't forget we are in a bearish market, if you are a daily or weekly trader and have some chz in your budget try to sell them step by step.
my plan: I have set some alarms in supply zones, and I will short in there...