Chiliz CHZ USDT medium term workI detected 3 trend lines. The first trendline comes from the past and it don't try it for a long time. If it does not break the resistance of 0.010014 I have an expectation to down. then we go to the level of 0.011362.
The second trend line has been tried 4 times since 11 May. I don't think it will try again if btc gets rid of the effect. then we go to the level of 0.011362 faster.
The third trendline I really want. it has tried this line many times recently, but it could not break it. It seems to break recent movements. If it breaks and can stay above the third trend line, my goal is 0.013641.
Ps: In this work, Barcelona and Chiliz agreement should not be ignored.
www.chiliz.com
It is a personal amateur work. It is not investment advice. Good luck to everyone.
Chilizusdt
CHZ (Y20.P3.E1).Potential opportunity HI,
As the chart demonstrates, its broken two main resistance lines and now testing the flat resistance as support.
I would keep my eye out on this one.
What to look for >
Watch the candle sticks at different time frames for potentially a breakout move, just like last time.
I'm using 12 Hrly
Look for bullish divergences at the same time frames, a bonus.
A note on bitcoin, while bitcoin goes sideways, many alts start to show opportunities.
Please give me a like or tick for this post, got to rack those numbers and followers up :)
Cheers,
S.Sari
My Ref: A.charts
CHZUSDT formed bullish BAT | Upto 197% big move expectedPriceline of world's 109th ranked cryptocurrency out of more than 2300 cryptocurrencies Chiliz (CHZ) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
So as per Fibonacci sequence method we can set our targets as below:
Buy between: $0.007203 to $0.005613
Sell between: $0.010954 to $0.016682
So this trading idea has potential to give upto 197% big gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
CHZUSDT formed bullish gartley a good long opportunityPriceline of Chiliz / US Dollar cryptocurrency is has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.010006 to 0.009855
Sell between: 0.010125 to 0.010408
Regards,
Atif Akbar (moon333)
CHZUSDT formed bullish Gartley | A good long opportunityPriceline of Chiliz / US Dollar cryptocurrency is has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.013059 to 0.012921
Sell between: 0.013169 to 0.013430
Regards,
Atif Akbar (moon333)