CHZ (Chiliz) / USDT (Binance) Technical analysis Hello,
Chiliz is associated with football fan tokens, and before the start of the FIFA World Cup in Qatar in 2022, the price was moving in an uptrend direction, and most of us expected some bullish movement to continue. The FIFA World Cup 2022 began on November 20, and the price of Chiliz was around $0.24 on that date. From November 20th, the price began to fall steadily until it reached its current level of $0.13. I am expecting that CHZ will change direction at position 1 or 2 on my chart, and we can expect the price to go back to $0,16. My prediction is that it will be bullish until the end of the tournament (FIFA, World Cup 2022), and that after the 18th of December 2022, or possibly a little later, it will turn bearish and enter a downtrend. If we are still going to move in a downtrend, then the next target is $0,11, and the strongest demand zone for Chiliz is at $0,08. My signal for trading CHZ / USDT is to go long on position 1/2 on my chart. The end of the FIFA World Cup 2022 in Qatar could have an effect on the price of this token.
Enjoy and have an amazing day!
BF
Chilizsignals
Chiliz 4H AnalysisTrade Idea
🟡 #Chiliz 4H
✍️The strength of the trend in Chiliz tends to be corrected more. Consider two scenarios for trading this fan token considering that it is under the control range.
In the first scenario, look for a long stop in the discount range. The important supply level in the specified chart is better to use the Premium area for the sell position.
🟢Minor Order Block >🟢0.14$ -0.15$
🟢Major Order Block >🟢0.12$ -0.13$
🔴Minor Order block >🔴0.21$ - 0.22$
🔴Major Order Block> 🔴0.26$-0.2750$
📊Poc (Point of Control) : 0.1986$
⚠️ Margin 1% For each position.
⚠️Use Tight Stop Loss.
✍️Desert Eagle
📊Analysis Method SMART Money
Concept + ICT+ Volume Profile
(DYOR)
📆11.27.2022
⚠️For more Analysis DM⚠️
💸Good Luck Traders.
CHZUSD Megaphone keeps the price in range. Follow the break-out.Chiliz (CHZUSD) is rebounding after hitting the bottom (Lower Lows trend-line) of the Megaphone pattern that started on the August 24 High. That was when the former Cup pattern was completed. Until broken either way, it is advised to do scalp trading within the Megaphone.
A break below it targets the 0.08500 Support, while above it targets the 0.5530 -0.6680 Resistance Zone.
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CHZUSD Critical 1W MA50 testChiliz (CHZUSD) has been on a +190% rally ever since the June 19 Low and yesterday it hit its 1W MA50 (red trend-line) for the first time since March 31. So far the price has been rejected and that is a critical test as on March 31 the rejection initiated a brutal sell-off -75% to the May/ June Lows. With the 1D RSI exactly on its 1 year Resistance Zone, we have to approach this with caution.
A candle closing above the 1W MA50 and the RSI above its Resistance, will be a bullish break-out signal towards the Lower Highs (top) trend-line of the Channel Down that started the Bear Cycle in March 2021. Until then, yesterday's rejection is a short-term sell signal targeting first the 1D MA200 (orange trend-line) and then the 1D MA50 (blue trend-line) along with the internal Higher Lows trend-line (dashed line).
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