CHZ below weekly channel#CHZ/USDT
$CHZ is below the middle line of a huge descending channel.
also, price is still above support zone which is shaped by 2 previous lows.
🐮if price holds this support and succeeds to break out from middle line of channel we can be hopeful that price continue the strong rally toward upper lone of channel.
🐻 and if price break down from support zone, next suopprt is between $0.13 and $0.11.
Chilliz
CHZ/USDT Elliott Wave countChiliz after ended an impulse to the upside entered into a correction that I think is an WXY.
I entered short here after a rejection into 0.5 fib retracement of abc that forms W wave with targets at those two support levels and stop lose above 5th wave.
I will keep updating this trade so if you like it subscribe for future updates and give a like.
Thank you and good luck.
BITCOIN 2H TA: New TrendLine SupportAs we can see in the chart, the static support of the trend line has caused the price to increase in these few days, if the trend line is broken, it will cause correction in the coming days, and otherwise, with the price increase, we will have the resistance of $23,000.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
CHZ parallel channel and trend lines#CHZ/USDT
$CHZ is trading inside parallel channels.
price rejected from upper line of descending channel and now it's at lower line of ascending channel that can act as bearish flag.
🐻 break down from lower line of ascending channel will active bearish flag and price can drop to middle line then maybe lower line of descending channel.
🐮 If bulls success to hold the middle line of descending channel, it is possible that price move upward to touch ascending trend lines around $0.12
Chilliz Has a Junk Yard Magnet Wedge And is Ready For Bull!What's up trading view Family! What A Good Day to be Alive.
Today we will be taking a look at CHILLIZ and how similar the market structure is to XLM (aka STR).
Many people think we are headed into a bear market but I say we already had one! its exactly like the Altcoin bear market of 2017 (only a bit longer as the cycle grew)
I also see Bitcoin and Ethereum have a lot of upside left before they see another bear market anywhere near the size of 2018, and this will carry many undervalued altcoins into a bullish market.
Stay confident! Whales love buying blood in the streets.
Stay profitable.
Chilliz ascending triangleHello traders!!
Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to the ascending triangle printed in chart witch is a bullish pattern that and signals a book long.
I don't really expect it to go till 0.24$ now due to the btc dominance breakout but it is a possibility for it to be reached in longer term the objective is 0.167$.
I will enter a long position at 0.134$ with stop loss at 0.127$ and take profits at 0.154$ 0.167$ 0.193$ and 0.24$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
CHZ Possible bounce in Fib Golden pocket areaBYBIT:CHZUSDT
Has retraced to a Fib Golden pocket area after making a local high.
Awesome Oscillator and RSI look to be printing Bullish divergence on the 30m. Wait for confirmation.
Look for longs in this area WHEN YOU SEE A SIGN OF STRENGTH - (i.e. swing failure pattern or morning star candle pattern)
Possible Double bottom at Orange circle area.
If no sign of strength and price falls through this golden pocket area (0.618 and 0.66 Fib), do not enter as market structure would have been broken.
When price hits the short stops area, expect price to shoot up as those shorts covering will re enter the market as longs. These can be used as TP areas.
Tight stops
Not financial advice. DYOR. Papertrade before using real money
CHZ Short IdeaBYBIT:CHZUSDT Order flow showing big longs that have opened at the top of the 30m candles.
Swing failure pattern rejection has happened off the Value area high and Daily resistance, also a Fib golden pocket level.
PSAR has already printed a short signal on the 15m and RSI in overbought territory. If 30m and 1hr prints sell on PSAR, this could potentially be a good trade.
Long stops most likely placed between 0.1295 and 0.13120 as it is below the swing low on the 1hr.
If price hits this zone, we will most likely see quite a few longs liquidated and a run down, possibly to the POC for a 10% gain.
T P O Chart shows single prints below this level, which means price is likely to run down without much resistance to the POC.
Ideally you would have entered around 0.13500, but Tight stops and Stops in profit if you decide to enter as price drops through the liquidation zone.
Not Financial Advice. DYOR!
CHZ weekly parallel channel#CHZ/USDT
$CHZ is trading inside descending parallel channel that rejected from middle line.
Fib levels of last swing high show that price is at support of 0.5 and 0.618 levels.
🐮 holding the support of fib levels till 0.786 can increase price to middle line and break out from middle line help price reaching upper line of channel.
🐻 breaking down from 0.786 fib level will drop price to lower line of channel.
CHZ - Long-Term Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last CHZ analysis (below), we were waiting for a break above the gray neckline for the bulls to take over from a medium-term perspective.
NOW WHAT?
on DAILY: CHZ is trading inside a giant descending triangle in brown.
For the bulls to take over from a long-term perspective , and as per my trading plan, I will be waiting for a new swing high to form around the upper brown trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (orange zone)
Meanwhile, until the bulls take over, CHZ would be trading inside the brown triangle.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$CHZ looks bottomed on the weeklyLooking at the weekly from an elliot wave stand point, I see a possibility of a bottom for wave 4 as the Y hit 0.786 Fib for the WXY which is more than minimum requirement.
Also using K.Channels for confluence, It bounced of the base channel which is also a possible ending for wave 4.
Wave for also hit the wave 4 likely area 0.382-0.5 retracement which is typical for wave 4 ending point.
now that all depends on BTC and could go lower to the 1:1 extension for Y.
CHZ monthly flag pattern#CHZ/USDT
$CHZ is trading inside descending parallel channel that can act as flag in monthly time frame, and send price to $0.7 and $0.85 in long term.
🐮 if price hold the support of $0.19, it will head up to break out resistance zone around $0.25 and middle line of channel to reach upper line.
🐻 break down from support of $0.16 will drop price to lower line of channel that is the same with support zone around $0.1.
CHZ - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CHZ is approaching a strong support in green so we will be looking for buy setups.
on H4: CHZ is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, CHZ would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHZ is about to explode!Hello, everyone!
I found the prefect signal with the Elliott Waves analysis on Chilliz. We can see that the Waves 1, 2, 3 was formed. The Wave 4 is forming now. As we know the Wave 4 usually means the profit taking after Wave 3. As a result Wave 4 develops slowly and usually is formed as A-B-C-D-E triangle correction, which we can see properly on the chart. This wave is next to it’s end, because the full correction cycle was formed and the target zone for Wave 4 (0.5-0.61 Fib) was reached. The target zone for Wave 5 calculates as the distance between Wave 1 start and the Wave 3 end prices plus the Wave 4 end price. This we obtained the $0.78 as the final target to take profit.
Put your stop-loss below the Wave 1 peak ($0.36). This is the nice trade opportunity with the 3:1 risk to reward ratio.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.