For now green box on chart acts as support, even after huge BTC drop, seems it remains strong.
Bought Chiliz on spot around support box and waiting for next wave up. Target on chart bit optimistic but it's just potential, not gonna hold 100% till it.
- If weekly closes below "Previous HH Weekly".
- if daily closes below green box.
Feel free to share...
CHZ has performed a moonshot and is now sitting above the 4.618 fib level
This is due to the breakout of the curved structure that is present
Patterns that have formed on the chart include falling wedges and broadening wedges, both ascending and descending, and a cup and handle.
You could assume that because the descending one broke out bullishly the ascending...
CHZ call is given alread y and is in process.
Here's a quick look at CHZ 2HR chart . As we can see, the price is resisting to break 0.54$ zone.
Now we need to closely look CHZ .
If it break the resistance and gives retest (those who missed they buy at retest )then it going to become sky rocket again.
#keepeye on it
#keep booking profit
#Use OCO model
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
1. CHZ seems to have completed retrace and well positioned for a bullish run to center median line.
2. Re-test at current price or close to it may happen before the run.
- Daily w/ Log Scale
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...
Like most of the crypto market, CHZ is now in a symmetrical triangle and its target is EXACTLY! matches with 1.618 Fib level!
IMO, this will be the next leg up for this precious coin.
Otherwise, if this TA fails it could reach all the way down to the symmetrical triangle target.
Idea for CHZ
The risky option is the one I would take if you are longing, as the price transitions between fib levels it introduces more volatility
The safest option is safer because you would likely be able to see some bullish momentum occurring and base the buy off of that
Hi guys, i wanna share my thought .
After a long consolidation, CHZ/BTC is making a penant,
i think this coin will breakout soon , considering the MA50 is gonna cross MA200 too.
the TP target will follow the arrow. Waddya think ?
*not financial advice
Chiliz is bullish right now and very easy to trade neat and clean setup.
as far as EMA 20 is concern the price is holding it nicely and stiffly, below it ema 55 has a good support.
the analysis is self explanatory