Hello dear traders .
Good days .
Weekly Gann Square finished and at end of Square bullish rally started .
On Monthly Gann Square and Gann Box , we expect to move upward and test 0.5 and 0.618 Gann Box Price level .
Good luck and safe trades .
Thanks for your support and comments .
CHZUSDT Technical Analysis Update.
CHZUSDT has formed an inverse head and shoulders pattern. Now, the price is breaking the neckline with good volume, suggesting a potential continuation of the bullish trend.
Buy zone : Below $0.0860
Stop loss : $0.077
Hi to all TV people, today I charted Chilliz .
This is NOT a major cap coin, but who cares... we want moon right?
Here we have a few data:
Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)
Low market cap means more room to grow, on the other side more volatility.
Chilliz broke out from descending wedge ...
Chiliz (CHZ) technical analysis:
Trade setup : Price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. It got overbought (RSI ~ 75) just as it reached $0.085 resistance and saw some profit taking around this level. Now we wait for price to either 1) break above $0.085, it would signal continuation...
CHZ is showing signs of an inverse head and shoulders pattern. For a potential bullish move, it's crucial for the price to break through the neckline with substantial volume. Once the breakout occurs, consider looking for long positions, especially upon a successful retest. The target for this trade could range between 20% to 30%. Stay vigilant and monitor the...
Chiliz is preparing for a breakthrough of the local descending channel. The main resistance factors for the price are currently the descending trend channel, the 200-day moving average (EMA-200), and a strong Fibonacci level of 0.382.
Entry should strictly be made at the Fibonacci level of 0.382.
First target - $0.1135 (+33%)
Second target -...
BINANCE:CHZUSDT is currently in a Wyckoff accumulation phase, displaying numerous RSI bullish divergences, suggesting a high potential for a price increase towards the supply zones indicated in the chart
Trade setup : Price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. It got overbought (RSI ~ 75) just as it reached $0.085 resistance and saw some profit taking around this level. Now we wait for price to either 1) break above $0.085, it would signal continuation of uptrend with upside potential to...
So, today 06.11.2023 probably there will be an inverse hammer at the top of the trend.
The RSI showns bearish signals because both lines are above the 80%.
The resistance is around the top of the ichimoku cloud. if it goes below, certainly will go to the lower line of ichimoku.
Probably within 2 weeks the price of chz will decrease or remain stable and then a...
It has a lot of interesting and strong resistance levels, that after breaking them can stand as a good support level.
I have been writing about this coin since November 10. And in this TA I decided to write more detailed analysis.
I expect that the coin will pump near days and will reach the target at 0.12$ (n.1) that you can see on the chart.
Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's...
It is one of the surviving symbols. By keeping the green area, it can move towards TP. We have a big diametric that the price intends to complete the wave F, and to complete this wave, the price should go up to the $0.15-$0.17 channel.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Logarithm. Time frame 1 week The main (long-term) trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.
This is what it looks like on a line chart.
Secondary trend. Time frame 3 days.
CHZ/USDT Secondary trend
Local trend. Time frame 1 day.
CHZ/USD Local trend. Pivot area.
Logarithm. Secondary trend (part). A descending wedge (bullish shape) was formed in the descending channel. It is linear on purpose to remove "market noise". There is a breakthrough of its resistance. There is a high probability that the targets will be reached. The coin on the super profit funds, remember this working with it observing the banal risk management....
Logarithm. Time frame 3 days. Secondary trend. Downward channel.
After the rebound, the price is squeezed in a narrow 124-144 zone. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.
It is worth noting that the price of the coin is at a super profit, I have clearly shown this on the chart, which...