CHZUST trade ideas
CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup
⚠️NOT A FINANCIAL ADVICE!
CHZ | Downward break is imminent.In the 4H time frame, CHZ is gradually forming an ascending triangle. Volume has dropped recently, with buyers and sellers waiting for a breakout of the pattern.
From yesterday's RSI, there was a somewhat bearish divergence. So I am not optimistic that CHZ can break up. Expect the price to find support at EMA 100.
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Good luck~☘
Golden Cross and Bullish Flag, $1.7 On weekly chart,
BINANCE:CHZUSDT has some signals for next bullish to 1.7
#1 - Completed the correction wave at 0.81
#2 - Bullish Flag touched lower channel and bounce back.
#3 - Touched and bounced from Important Trend Line
I figure out target of 5th wave at 1.7 with golden ratio 2.0 Fib from 0.81 which is the 4th wave.
Let's wait and see.
💡Don't miss the great buy opportunity in CHZUSD @Chiliz
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58
Take Profits:
TP1= @ 0.2331
TP2= @ 0.2654
TP3= @ 0.2878
TP4= @ 0.3129
TP5= @ 0.3310
SL= Break below S2
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💡Don't miss the great buy opportunity in CHZUSD @Chiliz
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58
Take Profits:
TP1= @ 0.2331
TP2= @ 0.2654
TP3= @ 0.2878
TP4= @ 0.3129
TP5= @ 0.3310
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
✅TS ❕ CHZUSD: resistance level✅✅CHZ has moved into a downtrend. Now there is a correction to the resistance level. It is possible to bounce down.✅
🚀 SELL scenario: short to 0.176.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CHILIZ Breaks DowntrendChiles will probably change the trend after breaking its downward trend (CHOCH). To prove it, it should once again reach the price range of 0.20-0203, which is the best point to enter the transaction. The stop is 0.19 and the targets are as follows:
0.228
0.2430
0.32
Everything is clear in the chart.