The CHZ coin recently experienced a notable technical chart pattern development, characterized by a breakout from a flag formation followed by a breakout from a downtrend. This flag formation, typically a bullish continuation pattern, suggested a consolidation phase after a sharp price move, leading to a subsequent breakout indicating a potential for further...
Its been a more than 2 years since CHZ is in the Bear Market. I think we are really close to the end of the trend. I believe CHZ got enough fuels for the Bullish trend.
This is not my financial advice. It is just a trial.
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.
The instrument is relatively new. After several false-breaks the price returned to the middle of the range, where the price is likely to break through the local highs, because the extreme SP plus Test signal indicates the realization of purchases.
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Greetings all!
Today we will continue the analysis of the instrument and find the entry point into a long position.
At the moment the price is retesting support, in this range there is a set buyer position. Accumulation is in the final stage, we expect momentum.
Three targets:
1) Mid-range - 0.2332.
2) The upper boundary of the range - 0.2992.
3) The price level...
The withdrawal of liquidity in the lower range of the trading range indicates the instrument's intention to show growth and go for the withdrawal of liquidity in the opposite side of the channel.
We look at the situation.
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So I made a Bullish analysis before showing that CHZ is drawing a Bullish Flag in a biger scale. Let's have a look a little bit closer.
So of course market can go either UP or DOWN (Genius). Direction doesn't matter, we should take our positions according to it. I showed two different path that CHZ can follow.
RED LINE:
Bearish scenario can be activated if the...
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⚡️⚡️ CHZ/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5.0X)
Entry Orders:
1) 0.24485 - 100.0%
Take-Profit Orders:
1) 0.25850 - 60.317%
2) 0.26915 -...
After the false breakout of the upper boundary of the trading range, we observe a structural return of the price inside the channel with a further test of the buyer.
If the buyer fails to hold and push the price out of these price levels, a price decline is expected.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S....
CHZ is current broken out of the symmetrical triangle and we can expect a breakdown of 22.78% which takes chz to previous support level at the green box area.Therefore,we might expect new leg after chz test this green box area any long position is risky as we have green box as the next support level for CHZ.
_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
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 CHiliz
Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency.
Good buying opportunity. The price is currently in the range and looking further up. If the red line breaks, this idea fails.
Dont forget to take profits. Let me know what you think!
DYOR
Hello everyone
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...
chz is going to bring Argentina token and price has made an strong support area so i hop it can reverse it for the third time ma100 and ma 200 are argue.
comment your idea about Break out.
