CHZ is creating momentum on 4hrs and 1hrs TF as keep breaking structure to the upside…. Also, CHZ is one of the coin that mostly pump during weekend because is easy to manipulate…. Is good to take at CMP or wait for retest for the 1hr bullish OB below and use the indicated price in the chart as target
Follow for more market update
CHZ/USD (Chiliz) Longterm Analysis
We see that 959 days have passed since the peak. this is quite a long time. we are in a parallel channel. i think it will make an upward attack with the market movement in the near future. the rsi level also confirms this.
the red line is a very important support
>>You can easily see the levels on the chart. <<
Now the...
Hi Traders
CHZUSD (Daily Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.05463 support level. Only the upward break of 0.06543 would cancel the bearish scenario.
Trade details
Entry: 0.05463
Stop loss: 0.06543
Take profit 1: 0.04796
Take profit 2: 0.03716
Score: 8
Strategy: Bearish breakout
Chiliz / CHZUSD crossed today over the 1day MA50 for the first time in 2 months.
Even though that is a significant bullish signal, it is still not as strong as a potential break over the top of the Falling Wedge pattern would be.
As a result, a break over the Falling Resistance would target the 0.236 Fibonacci level and 1day MA200.
Buy when a 1day candle closes...
This pair looks extremely short squeezed hence a reversal is highly probable.
also,
Football mania is catching up!
Hence buying this sentiment is ideal
Logarithm. Time frame 1 day. Local trend. The reversal zone (price squeezed) in the descending channel.
After the rebound, the price is squeezed in a narrow zone of 124-144. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.
Risk management.
It's worth noting that the price of the coin is at a super profit, I've...
We can see that CHZUSD (Chiliz) is trading below its May 2022 low which is a signal of weakness.
Many other Altcoins are already above EMA50 and EMA100 daily but this one is lagging behind.
As I explained before, with thousands and thousands of Altcoins, some will move ahead and the rest will follow.
The market moves in sections, in groups.
We have a lower low...
Hi Traders
CHZUSD (4H Timeframe)
Waiting for the upward break of 0.1041 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.0974 would cancel the bullish scenario.
Trade details
Entry: 0.1041
Stop loss: 0.0974
Take profit 1: 0.1082
Take profit 2: 0.1148
Score: 7
Strategy: Bullish reversal
FWB:CHZ seems interesting. Previously it consolidates at around 570 days. As soon as it breakout, rallied for over 3100% in 35 days. Currently, on the downtrend for over 2 years or > 766 days. If it breaks the parallel line resistance, could it repeat the previous pattern and form a possible bullish flag? Hmmm, lets see. Alert set at parallel lines. Watch out....
CHZ is currently trading in a tight resistance/support band. The direction of the crypto market in general will determine direction, but as shown here, the likely upside movement should the market rise is much greater than the immediate downward movement should the markets move down.
These bands are partly based on both monthly and quarterly trends, so expect...
CHZUSD forming a inverse cup and handle? Will the price test the descending channel support?
Mind that the channel support meets weekly oversold and the $ 0.05 support.
What do you think it will happen?
