HI Everyone ✌ By examining CHZUSDT in the Weekly time frame, As you can see According to the latest analysis, the price faced buying pressure from the range of 0.080 and was able to grow by 83% to the range of 0.1890. 🔥✅
Currently, in the long term, the price is gathering volume in the range of 0.13. We can expect the price to grow again to the range of 0.1890...
The price is moving in an ascending channel
The first resistance of the midline of the ascending channel and the Fibo level of 0.382 can be in the price range of 0.1638, and if the ascending channel is maintained, we expect to rise to the ceiling of the channel at the price of 0.205.
Minor support at $0.133
Static level support at $0.125
Next week to the day is exactly 2 years since CHZ had some bullish momentum. The current structure is almost 75% complete after a 90% sell off. If the market can remain positive a breakout is on the cards. Not sure how prices will develop, depending on sentiment but .51c should be a first TP. It could go much higher.
Thoughts are welcome, cheers
This is a 3:1 setup. I think CHZ will explode soon after it was leading the market. Moreover, if you discern it in terms of a pattern, it resemblance the structure of MATIC before it was exploded.
However, if you are able to enter at a lower price, I would suggest you to have a SL at the swing low.
The target is the 0.618 FIB retrace of the previous swing which...
CHZ continues to move in a downward channel.
Trading volumes have declined and the RSI chart indicates that the initiative has shifted to the sellers on the 4H Timeframe.
I expect the asset to continue to decline after the price fixes below the support level.
Stochastic is signaling sell.
Pull Back to 14.01 is likely as this is where the POC is.
TP is a buy order block as well so dont get too Greedy wit this one.
Grave stone Doji on the 4 hour is also confirmation of a reversal
Chiliz (CHZUSD) Sellers Are
Looking Out for a Bearish Breakout
CHZUSD sellers are looking out for a bearish breakout in the crypto market. The market structure has been recently pushed down by a wave of bearish strength. The technical analysis for CHZUSD shows a bearish trend. The buyers are being pushed out of the market, and this has led to a decrease in buying...
The coin forms a descending structure, lowering maximums and having many touches to the level of support, behind which there has been accumulated a lot of liquidity. There is also a decrease in volumes after recent active growth and a decrease in volatility near the level.
I consider the formation of consolidation and movement to the next level of support in...
According to the formed pattern and divergence as well as the lack of buyer power, it seems that there is a need to drop to the designated areas so that buyers can enter with strength in those areas.
Using the Smart Money concept, I think the position of the Buy may be work in this range.
liquidity is very low and i only see this....
This is my analysis and it is not a reason to use it for you to buy or sell.
Assalamualikum everyone "Success is not final; failure is not fatal: It is the courage to continue that counts."
overall crypto market is bullish.
CHZUSDT is a good coin for short term investment in crypto
at this time CHZ is on a support area and also create a bullish hammer candle stick so it's best time take a buy for day traders.
GOOD LUCK :)
