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.