Chiliz to .47 $ ?Before talking about any cryptoactive or altscoins, you have to know the state of the Bitcoin cycle, because the entire market depends on its behavior. Doing a brief technical analysis we can see that Bitcoin is currently trying to recover from a correction of -55.89% counting from its ATH: 64,895.22 USD to its ATL: 28,600.00 USD (using BITSTAMP as a reference price). Currently Bitcoin surpassed the EMA200 in daily candles which is a strong indication that it is resuming its uptrend which is enough to be able to take a look at alternative currencies such as Chiliz.
In the following graph we can see the CHZ / USDT pair in daily candles, we can see that Chiliz is in an accumulation phase within the second triangle since the middle of May, which is a strong indication that if the residence of said pattern is broken chartists we can see a takeoff of the price towards 32.20% fibo which is located at $ 0.476 giving us a profit of 83.83% of our entry. However, this is a medium-term scenario since everything depends on the fundamentals of bitcoin if they will allow the market to continue growing, if so, a deeper analysis could be done looking for 161% fibo of this trend in an ATH at 1.41 $ approximately. Again and insisting that everything depends on the trend of bitcoin since without it it is almost impossible to have a bullish analysis against the dollar in any alternative currency.
Chilizusd
CHZ 1D There is positive for growthBefore we start reviewing the current situation on the CHZUSDT chart
We invite you to see how our previous ideas worked out, which were published 2-3 months ago, we are proud of them)
June at Chiliz is filled with positive news:
- today listing on Coinbace Pro, and then a few more listings on other exchanges.
- until the end of June, CHZ holders will be able to buy UFC FTO
Such facts are a good incentive for price growth.
On the chart, we see that the CHZUSD price has stopped below the strong mirror level of $0.375. Fixing the price above this level will open the way fo r growth to $0.64.
At the end of June, it will be necessary to closely monitor the behavior of the CHZUSDT price, to see if the coin's sales have begun.
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The sell-off could cause a corrective fall to the $0.28 leve l, but even in such a situation, the chances of growth will remain.
If the positive dynamics continues on the CHZUSD chart and on the crypto market as a whole, then in thoughts it will be possible to aim at $1-1.50-1.70 or maybe $2.80)
We'll see everything soon)
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Will there be a disruption and new PUMP in CHZUSDT 4H!?Technical analysis regarding the price of CHILIZ in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The main trend of this crypto is upward, however, in the last few days, we had a sharp drop forming descending tops. But there is an interesting support in the region of $ 0.58 holding the price, and in my view, we have a downward triangle being formed, but I strongly believe in the potential breakdown of this LTB, and then, taking the vertex and projecting as a target, I get such levels that the price you can get that matches the Fibonacci channels that I always base on my trades! I believe in the potential of this crypto and well, the tendency is to value it in the long run. So I will not wait to confirm a break to confirm default. I can already base myself on what the candles are doing, losing more and more strength getting close to the 0° angle of the triangle.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
CHZ 1D Be careful, rapid growth needed correctionThe CHZUSDT pair has collected the most votes in the digest "Weekend Bitcoin" 12, so that we need to analyze it.
Of course, such vertical growth is difficult to analyze, but we will try)
The most optimistic variant for the CHZ, in our opinion, is a correction to the $0.30 area and from there growth to the $1.40-1.50 levels is possible.
More negative scenarios are a drop in the price of CHZUSD to $0.15 $0.08 and even $0.05. We understand - this sounds scary, and we will get a lot of hate, but such are the realities of the crypt and everything is possible here.
But there is a note of positive - that even such a deep fall will leave the price of CHZUSDT within the parabolic growth with global targets of $1.50, or even higher.
The moral of this topic: use stops and fix your profits in time , because the bull market can not only grow all the time, but also correct, and sometimes it is deep and painful for the deposit.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)