CHZ
CHZ inverse head & shouldersThought i would share this idea, Chilliz has been doing pretty well, and looking at the 4 hour chart it looks like an inverse head & shoulders pattern. A retest would form a cup and handle with possible upside for CHZ.
Might play out, im pretty bullish at the moment so i reckon it should play out, The red boxes above are red vector zones and the green are the green vector zones below. I would think it would take the ost recent green vectors on a pullback and then up to take the red vector range above. Maybe we will see :}
CHZ 1DAfter 28 days down, CHZ found powerful FIBONACCI support at 0.1599 and pooled back reversing this formed downtrend.
Buyers have taken control of the horizontal support zone and the price is making higher highs and higher lows.
As long as the price is above the support level of 0.1599, we expect the buyers to be in full control for the CHZ to move towards its strong resistance of 0.2817.
Fundamentally CHZ is very high octane and is likely to take an impulsive kick up as the world approaches. Built on the Ethereum blockchain that allows sports and entertainment fans to monetize and incentivize their activities through tokenization. As an ERC-20 token, Chiliz provides currency for the world's first blockchain-enabled fan engagement platform, Socios. The Socios marketplace allows fans to buy and trade fan tokens or branded NFTs and participate in or influence club-focused polls and surveys.
CHZ continued its fluctuations in the support range!During the last week, CHZ continued its fluctuations in the support range of $0.18. The selling pressure that occurred in the market in the last few days caused this support to break and hit the medium-term ascending channel bottom support range. The price has not yet crossed the downtrend line drawn inside the channel. For the upward trend and the end of the corrective wave, it is necessary for the buyers to cross the resistance range of $0.175 to $0.190 with their support.
Therefore, if an engulfing candlestick pattern is formed on the chart, and the previous bearish candlestick is fully covered on the daily time frame, we can expect the price to remain inside the channel again, this time retesting the $0.21 and $0.23 range targets. But the more important point is that the new floor that is formed is lower than the previous floor. So this could be a sign of sellers gaining strength, and buyers' next attempt could be a last-ditch effort to test resistance levels.
🔥CHZUSDT SHORT TERM UPDATE!!🔥Check out the trade plan for CHZ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CHZUSDT Short-term trade plan on 30 mins timeframe inside the channel and support formed.
CHZ - Cryptocurrency for sports fans.After the false breakout of the upper boundary of the trading range, we observe a structural return of the price inside the channel with a further test of the buyer.
If the buyer fails to hold and push the price out of these price levels, a price decline is expected.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
CHZ will bounce?Hi all,
I would like to have an update on CHZ.
We can see that CHZ is moving in a rising wedge. At the moment, the prices are at the lower trendline and the EMA 50D supports, after falling from $0.283. The trading volume continues to decline which indicate that the selling pressure has been almost dissipated.
For these reasons, here below is a LONG setup proposal:
Entry: Around the actual price (or waiting for a bullish 1D candle for a safer trade)
SL: $0.1975
Invalidation: 1D candle closing below the support trendline.
CHZ forecastFour-hour H&S top:
After the price fell below the neckline, it tested the support price 0.2109 three times and did not fall below it, forming a box with EMA200.
If the price can break through EMA200 and 0.2307, CHZ has a chance to come to 0.2496, which is also the resistance price near 0.2505 (0.618).
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Daily chart:
If CHZ breaks through 0.2496, there is a chance to challenge the previous high of 0.2826 and a cup handle pattern will appear.
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The target price after falling below the box:
0.1986
0.1788
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Football - Long Term PlanFootball is a very good instrument for those who want to have a diversified crypto portfolio which is less likely to be correlated with broader crypto market as the instrument follows the price action of its fan tokens constituents.
For the long run is always good to have some in your trading portfolio.
Looking at its current set-up, 4H timeframe formed an ascending trendline. If it breaks it there is room for further declines. Around $1000 is a good buy area for a rebound.
Operate with tight stoploss as market is choppy
Chiliz (CHZ) forming bullish Cypher for upto 49% pumpHi dear friends, hope you are well and welcome to the new trade setup of Chiliz (CHZ) with US Dollar pair.
Previously I shared a long-term trade plan for CHZ , which is still in play as below:
Now on a daily time frame, CHZ is about to complete the final leg of the bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade