CHZ
#CHZ Update : 11.15.22 Chiliz's analysis update : As you can see, from the last analysis until this moment, the price managed to grow by 70% ✅ , and after that, it faced selling pressure by reaching the Bearish OB range, and Within 2 days, it corrected all the results it had given! I hope you have used it!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.15.2022
⚠️(DYOR)
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⚽️ Chiliz is Chilling as the World Cup Approaches!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 As the World Cup 2022 gets closer, many coins / tokens will get more exposure in a way or another.
CHZ is one of these projects. As you noticed, CHZ has been standing strong for the last couple of weeks unlike many altcoins.
🗒 Why CHZ ?:
CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain. The token serves as currency that allows users to purchase NFTs at Chiliz' Socios fan token marketplace. There would be no CHZ token without Socios.
ChiliZ token ( CHZ ) is the official, exclusive utility token that operates on the Socios.com fan voting portal. Using this platform, sports and e-sports enthusiasts can participate in the management process of their favorite teams, leagues, games, and events.
📉 Technical Analysis:
CHZ has been stuck inside a big range in the shape of an inverse head and shoulders pattern.
For the bulls to take over from a long-term perspective, we need a weekly candle close above the gray neckline (around 0.3) which is also a support and resistance zone.
Meanwhile, as we approach the green support again, I will be looking for short-term buy setups.
What do you think? Will CHZ be used more during the World Cup? and will it affect its price / value?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.208
T2 = $0.237
T3 = $0.279
T4 = $0.335
and
T5 = $0.488
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.192
SL2 = $0.163
and
SL3 = $0.103
Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
Double top formingBarely at the moment holding on to the 50 day EMA, daily MacD going lower. If it breaks under this current zone, I am expecting it to form a double top and break under the neckline.
0.194 area could be a possible first profit target for a short if we open it now. Risky trade, just an idea. All depends on what BTC is going to do in the next days, fall further or gain momentum for upside. As we can see many coins are dangling and barely holdiong on some major support zones after the last weeks pump.
CHZUSDT 1HCHZUSDT 1H
Even if the formation is a triangular wedge (orange lines) or the possibility of a W formation (purple lines), the market should retreat, even because combined with the uncertainties of the horizon with the shock waves provided by the FTX, it has the pattern weekend seller. Remembering that CHZ has not lost its great fundamentals!!
Follow the supports and resistances.
S: 0.2083 / 0.1867 / 0.1458
A: 0.2637 / 0.2948
Chiliz CHZ Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Chiliz CHZ , which is overvalued.
CHZ/USDT short
Entry Range: $0.27 - 0.28
Take Profit 1: $0.24
Take Profit 2: $0.21
Take Profit 3: $0.18
Stop Loss: $0.32
CHZ is going to do a good Bullish movement soon!CHZ has the odds to create an Inverse Head and shoulder Pattern which means the Price will Pump up Pretty Quick (if the Pattern is to be created of course!) So when the Pattern creation Happens and It's Completely formed, we shall Expect the Price to increase as much as the Length between the Bottom and the top of the Head (Measured Price movement) a huge boost in the Price will happen so be sure to take benefit from it! Don't forget, the Price hasn't been able to break the neckline yet! So yeah It's a little tough to be bullish on Chiliz but We shall not Give up on it :) and also the Price hasn't completed It's right Shoulder So It Gets Even more Risky to Enter Right now!Please wait for the Shoulder Movement to complete!
#CZHUSDT (Watchlist) 11/22#CHZ maybe worth it to add this coin to your Watchlist. 👀
(Share it with your friends)
Remember Alts totally rekt during the bearish cycle and they always do -92 -95 -99% so make sure to follow risk management.
#CHZUSDT Update
we ask Allah reconcile and repay
#DYOR
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to the watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project is based on gambling, prostitution, human trafficking, borrowing, lending, etc.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to make your own research and follow risk management.
Whatever Don't forget that." Be bullish or bearish as you want, But be sure you cannot impose your opinion or force it to happen. so be ready for everything"
We are responsible for what we write, not for what you understand, so take care and read it carefully to understand it clearly.
The Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading toward before engaging in it.
The information we mentioned here is a personal effort so it subject to success or failure.
Good luck to All.
🙏we ask Allah reconcile and repay🙏
Entry level for CHZ!Here's a quick Look at the CHZ daily chart.
The best entry would be when the price breaks above 0.3$ with a good amount of volume!
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The idea is: Buy when the price breaks above 0.3$ and take profits at the levels shown in the chart.
Targets:
1. 0.31$
2. 0.33$
3. 0.35$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHZ/USDT - LONG -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
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⚡️⚡️ CHZ/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5.0X)
Entry Orders:
1) 0.24485 - 100.0%
Take-Profit Orders:
1) 0.25850 - 60.317%
2) 0.26915 - 24.855%
3) 0.28580 - 9.826%
Stop-loss Orders:
1) 0.21940 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)