CHZ is currently making cup and handle structure, This is how i would like to plan my trade. I would wait to break and retest resistance around 0.14~0.15. I would set take profits for short, midterm and long term (runner) with a tight stop loss. These are just my thoughts and they are not trade signals by any mean.
This is not an entry signal. Please Do your own...
My view and hold are in the downward direction.
Possible resistors are the blue lines I drew.
Not investment advice.
Let's watch and see, good luck.
Thank you.
- psv support
-bullish div in RSI 4H / 1day
-RSI over sold
-low V area smart mony go for it
-mini bull flag in 4H
-Support fibo 0.88
buy now 0.162/0.1588
sell 20% / 40% / moon target
SL close daily 0.153 -4%
CHZ moving into interesting position.
Long term resistance reached. Looking for either a clean break and reformation of support -> continuation long
Else rejection. Goblin town
BINANCE:CHZBUSD
Closing on reversal zone, strong historic resistance, expect closing of long. Some TP
Ongoing narrative re. World Cup - unlikely to outweigh downside market risk in near term - may result in crash and rebuild toward the game dates
Bullish impulses weakening for last two cycles. Expect one more push up - to gap zone then BOOM!
Enjoy
_Chz Giving Both opportunities of Buy and Sell
_Go For Long If chz trigger bottom Order Block
_Go For Short if chz trigger upper Order Block
_Simple And UNique Analysis Of CHZ
NOT A FINANCIAL ADVICE
HAPPY TRADING
Brief idea behind chiliz is = its trying to create a tokenized ecosystem for sports teams to get in on crypto. Longer term it envisions a teams token giving fans power in some level of decision making/interaction with their team.
CHZ has some major partner news coming up on the 30th, or earlier. This has me thinking what could it be?
If you follow sports and...
