In fact, on the chart of CHZUSDT from March 15 and so far continues the process of sales and new purchases. That is, the process of redistribution of CHZ asset between buyers and sellers in consolidation has been going on for 7 months.
Now we see on the chart that the price of CHZUSD has stopped again under the strong mirror level of $0.375.
From this point we...
We back at it again.. You know tuning the charts is what makes me happy and i love doing it..
I am here with a carefree state of mind.. so nothing on the chart can cause me to feel fear or euphoria..
I am totally open for what the market perspective is offering me.. There is only 1 truth and I really mean 1 truth in trading... that is how you feel.....
CHILIZ still one of those coins I personally have high hopes of because it operates as a social coin and is giving real value to people..
We saw a breakout earlier on the daily chart with a corrective move now..
If we look up closer for example on the 1 hour chart we see a falling wedge pattern with the RSI around 51 and still a little trend...
According to the chart of CHZ , After downward trend and drop price we have a key and this time the price is conflict with the sensitive zone
In here we have 2 scenarios , the first one and that one we think have more chance to happen is the first one because of the condition of market and most of the cryptos are growing but CHZ is not growing...
hello friends :
CHZ is now heading towards the resistance area.
We will see a good rally in CHZ only after it breaks and holds above $0.36 levels.
The good support area for CHZ is $0.3-$0.32 and you fill your bags in this range
. CHZ did a lot of partnership with in the last few months. Wait for a breakout of 0.36 or retest before opening a position.
"It is September. Very busy month ahead of #chiliz & #socios. Will prepare a livestream AMA with a LOT of things to discuss (NFTs, strategic exchanges partnerships, new teams, new sports, new features, marketing, chiliz chain, socios cup, etc ...). $CHZ #bemorethanafan"
#CHZ CEO says
Major NFTs and Strategic Partnership Announcements are coming in This September...
CHZUSDT had an 80% which is usually what a coin needs in order to complete its cycle and then start a new one. We've seen countless coins over and over, and especially in this alt season really bottom out anywhere between 70-95% down from their ATHs, no matter how big their previous pump was. Now CHZUSD has reclaimed some key levels and looking healthy.
Bearish if we break below support line here on chart.🐻
I am looking to see if we can hit some more of our bullish targets!👍
This is just my current technical view on chiliZ token and targets.
For a more fundamental approach, feel free to check out previous posts linked to chart, or do more research on Socios.com where you will find loads of...
Below is its 83-day resistance
There are good conditions for the failure of this resistance (my prediction is the failure of the resistance)
To enter, you either have to wait for the resistance to break and buy at Pullback
Or if the resistance is not broken, buy in supportive areas
It is an extremely valuable coin, be sure to have it in your portfolio
We see a Rising wedge on the 4 hour chart.
plus shadows that meet exact the same price. If it were 2 days in a row meeting the same high than it would have been a Tweezer TOP and that is known as a very bearish signal and could mean a major reversal.
Ok it ain't 2 days in a row but I would interpret is as some sort the same because bulls can not push...
Before talking about any cryptoactive or altscoins, you have to know the state of the Bitcoin cycle, because the entire market depends on its behavior. Doing a brief technical analysis we can see that Bitcoin is currently trying to recover from a correction of -55.89% counting from its ATH: 64,895.22 USD to its ATL: 28,600.00 USD (using BITSTAMP as a reference...