ChilizIn relation to technical analysis, Chiliz is awesome in a weird a way! First, consolidating in a triangular/boat like zone, then bursting upward. Next, enter a corrective phase in a downtrend channel. Could it burst again upward reaching Fib level 1 making ABC pattern in which A=C? Only time will tell. Let's see what happens.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
Chiliz
BTC/USD : On the Verge of $100,000! (READ THE CAPTION)Analyzing the #Bitcoin chart on the weekly timeframe, we can see that since our last analysis, Bitcoin has performed exactly as expected. With its powerful rally, Bitcoin successfully hit all three targets of $77,000, $81,700, and $93,800.
Earlier today, Bitcoin surged further to $98,400, setting a new all-time high. With the strong momentum it has gained, I believe we will soon witness the mother of all cryptocurrencies reaching the highly anticipated $100,000 mark!
I hope you’ve made the most out of this analysis. This chart will be updated step by step as the price action unfolds!
THE MAIN ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
CHILIZ - Potential 1000x Opportunity Chiliz is not a very new coin and currently sits at 114 rank at Coin Market Cap. It has a max supply of 9.12B and considering it hasn't had a Bullish move yet highlights a potential opportunity for a massive Bull run.
This is a long term trade and more suitable for Spot traders.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
ETH/USDT : More Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Ethereum chart in the weekly (logarithmic) timeframe, we can see that the price is still within the range we discussed a few weeks ago. As mentioned earlier, the $2100 to $2450 zone is a critical support and demand area. After Bitcoin's rise above $74,000, we can anticipate a similar strong move from Ethereum. The next targets for Ethereum are $2820, $3079, $3700, and $4090.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTC/USD : To The Moon ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after our last analysis, Bitcoin rose over 10%, climbing from $66,500 to $73,600, now within just $100 of its all-time high. Following this move, Bitcoin saw a slight correction down to $72,000, and I still expect the previous high to be broken soon, with Bitcoin reaching higher levels. The next bullish targets are $77,000, $81,700, and $93,800.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTC/USD : new ATH is on the way ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after the last analysis, when the price was trading around $66,500, I expected Bitcoin to find support at this level and continue rising, which is exactly what happened. Bitcoin has now gained over 5%, reaching $68,500.
We’ll have to see if the price can hold above $69,000 in the next two weeks. If it does, we could potentially witness another rally and a new high above $74,000. This analysis will be updated as the situation progresses!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Chiliz CHZ price is suspiciously low🌶️ If we're not mistaken, #Chiliz is a digital sports and entertainment project with an office in Malta and "chinese roots", and if we're wrong, please correct us in the comments.
So, now CRYPTOCAP:BTC price is trying to adjust downward, and $CRYPTOCAP:CHZ price does not react at all and shows total stability.
Are we really going to see at least +50% movement of OKX:CHZUSDT price in the near future ?
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Bitcoin Weekly Analysis : Bullish Move Ahead? (READ THE CAPTION)By analyzing the Bitcoin chart on the weekly timeframe, we can see that, based on the previous analysis, Bitcoin did not stabilize below the $57,870 level. After a short-term corrective wave, it was once again met with strong demand. Last night, following the announcement of a half-percent interest rate cut by the Federal Reserve, this cryptocurrency saw even more demand and managed to rise to $62,500. Now, we have to see if the price can break above $65,000 by the end of this weekly candle. It’s likely that Bitcoin and other altcoins will soon begin their main bullish wave, with Bitcoin's potential target in the mid-term being $80,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
CHZ Update (1D)From where we placed the red arrow on the chart, it seems that the correction of CHZ has started.
The correction seems to be a diametric. We now seem to be at the end of the G wave.
The green box looks like a good range for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CHZ (Chiliz): Falling Wedge BreakoutTrade setup : Price is in a downtrend, however, it had a bullish breakout from Falling Wedge pattern and above $0.055 key level, which could signal at least a temporary bullish trend reversal with +20% upside potential to $0.067 next. Stop Loss at $0.049. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.055, then $0.043. Nearest Resistance Zone is $0.067, then $0.08.
CHZ/USDT MAY-2024CHZ is currently holding strong at the support level, signaling a prime time for accumulation! Whether you're looking to expand your portfolio or aiming for significant gains, this could be a golden window for mid-term investment.
Market downturns, when interest is low and fear is prevalent, often present the best opportunities to accumulate assets discreetly and exit with profits when sentiment turns bullish again.
I've loaded up on CHZ and plan to strategically take profits at a target zone indicated on our latest chart analysis.
Important Reminder:
Always prioritize sound money management and include stop-loss strategies in your trading plan. This is not a leverage trade setup, so stay spot-on and safe!
Ethereum Weekly Analysis: Bulls are Coming! (READ CAPTION)By examining the #Ethereum chart in the weekly timeframe (logarithmic), we observe that last week, the price entered the desired demand zone and, after dropping to $2110, encountered buying pressure again. Currently, it has managed to rise over 20% and is trading around $2500. As you know, this support level is crucial for the beginning of the next bullish trend, and if the price stabilizes above this zone, we can expect further upward movement to higher levels.
Bitcoin Weekly Analysis: Bull or Bear ? (Read the Caption)By examining the #Bitcoin chart in the weekly timeframe, we observe that in the past week, the price dropped to $49,000 and then encountered buying pressure, rising up to $63,000. Currently, Bitcoin is trading around $59,750, and we need to see if the weekly candle will close below $60K or above $60K in the next 4 hours. The price might even rise to $63,400 in the coming week, after which it could undergo another correction. This analysis will be updated next week.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin Weekly Analysis: Key Support and Next Targets of $BTC ! Analyzing the #Bitcoin chart on the weekly timeframe, we observe that after entering our targeted supply zone, the price experienced an initial correction and dropped to $63,500. Subsequently, it encountered increased demand and was able to rise to $70,000 yesterday. As we know, $70K is a significant psychological resistance level, so the price reacted to it and is currently trading around $66,600. We need to see if the price can stabilize above the support range of $62,700 to $63,500. If it holds above this support level, we can anticipate further growth in Bitcoin, with the next targets being $72,000, $73,777, and $77,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
CHZ (Chiliz): Falling Wedge BreakoutTrade setup : Price is in a downtrend, trading well below 200-day moving average. However, price had a bullish breakout from Falling Wedge pattern and above $0.067 resistance, which could signal near-term trend reversal with +15% upside to $0.08. Stop Loss at $0.064. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.055. Nearest Resistance Zone is $0.067, then $0.08.
GTAI/USDT : More Bullish Move Ahead ? (READ THE CAPTION)By examining the GT Protocol cryptocurrency chart, we see that, as expected, the price maintained the support level in the specified range and achieved over a 40% increase in less than a week, reaching $0.90. Currently, GT is trading around $0.75, and if it holds the support range of $0.71 to $0.75, we can anticipate further growth to higher levels. I hope you made the most of this exciting analysis!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin's Weekly Chart: FVG Filled, Eyes Set on Further Growth By analyzing the #Bitcoin chart on the weekly timeframe, we observe that after 2 months, this cryptocurrency finally experienced a drop to fill its old FVG. Interestingly, after this FVG was filled, the price managed to rise by 10%, from $53,500 to $58,300! Currently, Bitcoin is trading around $57,200, and if it can hold above the support level of $50,500 to $53,500, we can expect further growth in the price. Other assumptions from the previous analysis remain valid.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GTAI/USDT - Ready for another Rise ? (READ THE CAPTION)By analyzing the GT Protocol chart on the 2-hour timeframe, we observe that the price is currently consolidating around 68 cents. If it manages to maintain support in the range of 59 to 66 cents, we could potentially see further growth in this cryptocurrency! The next probable liquidity pool targets are indicated on the chart.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin Weekly TA : Bitcoin Poised for Next Bullish Run (READ)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that, as expected, the price corrected to $58,400 and encountered buying pressure. Currently, Bitcoin is trading around $63,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can expect the start of the next bullish trend. Based on previous analyses, the mid-term targets for Bitcoin are $72,000, $77,000, $85,000, and $100,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GTAI/USDT 4-Hour Chart Analysis : Bull or Bear ? (READ)By checking the GTAI/USDT chart in the 4-hour time frame, we can see that since last week, due to the heavy fall of Bitcoin to $58,000, the entire crypto market began to fall, and GT Protocol was no exception to this. The range of 78 cents is being traded and we will probably see the growth of this crypto again by collecting liquidity below 75 cents! Possible targets will be 0.8150, 0.85 and 0.91 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Chiliz Analysis: The big move is getting started!CHZ is down almost 92% from its ATH and is supported at $0.06, which I expect to be the ultimate support for the entire correction of the recent cycle. I am looking forward to a change in the character of the chart in the upcoming weeks. The targets I have in mind are $0.55 and $3.4. DYOR
SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban