awstian

CHZ/USDT (16/03 UPDATE)

BINANCE:CHZUSDT   Chiliz / TetherUS
$CHZ is bearish for me. Since the last ATH it started a downtrend channel that respected almost perfectly.
Too many bulltraps, for some reason people tought that we were in a small correction without care about the fact that we joined a downtrend channel , also we didn't break the last resistance that was tested by the last trend.
700% + on a weeknd is too much for a project that just started the hype in social media, as seen @ lunarcrush.
Most part of the tokens of CHZ have been used to get another fan tokens like BCN that increased it value a ton.



$CHZ is a dope project for me, but is a way too early to believe that we could reach another uptrend so quickly, this correction is needed.

.I used Fibonacci, Ichimoku Cloud to reveal the hidden supports and resistances : DMI / ADX / MACD to analyze the power of the trend.
I added lines to every moment that ADX /DMI showed us when the trend was weak or strong and put a signal for us to join the trend, also i put another eclypse on the "death cross" for the downtrend confirmation.



Entry points / buy zone:


1.0.49 - 0.50
2.0.28 - 0.29

If keeps downtrend with strong signals like death cross medias or a big resistance with ichimuko cloud prepare for 0,2 (worst scenario, or might be the best? :)

TP points:

1. 0.8 - 0.83
2. 0.9 - 0.94 ( ath )

still greedy? Try it more, it could be $1.20 or more according fibonacci, but for that I think that we need a big new or massive mass media exposure. But since it was listed on crypto.com, who knows?





Alexander Dreyfus announced that they will announce more partnerships and launch a marketing campaign soon.
at the moment :

They has partnered with Paris Saint-Germain, Juventus, OG , AS Roma, Club Atlético de Madrid, Galatasaray, Club Atlético Independiente , FC Barcelona, Team Heretics, UFC , Apollon Limassol, Trabzonspor, Young Boys, Sint-Truidense V.V., PFL , Novara Calcio, NAVI , İstanbul Başakşehir, Team Alliance, Universidad de Chile and AC Milan who have hundreds of millions of fans worldwide, with more clubs and teams to be announced in due course.

You can win +241% if you entry on muy buy zone 2:

Hope you get mad profits.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.