Chiliz is chilling CHZ/USD W. IdeaIm learning to TA, please dont judge me.
Looking into data from when selloff started in April and MCB wave started to roll down and second point, when MCB showing the bottom in June, pulled two separate VPVR for those ranges.
Pulled Fibb retrace.
Long time frame VPVR is in confluence with deep retrace by Fibb at $0.165
Short TF VPVR lowest volume is near 0.5 Fibb and in confluence with one of the weekly closed candle, when it bounced, I'd say significant point.
Fibb GP near $0.135-0.14
Long TF VPVR in confluence with Fibb deepest retrace at $0.12
Here is the fourth point of interest: on macro it just printed LH and in the event of the Nuke we will find it at $0.04.
Of course, Im probably wrong on everything, bc it will decide to pump out of nowhere...
Thank you for reading.
I would appreciate help and correction on everything I have here.
CHZ
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.
CHZUSDT DAfter reaching the base of the channel on the daily chart, CHZUSDT prepares for a Pullback after touching the $0.1836 region and the last current candle is being engulfed by the previous candle, I believe that if you don't lose $0.1836, go get the 0.2482 located in the upper band of the Keltner channel.
Chiliz CHZ below $0.24 in the huge flag - what next?Chiliz CHZ below $0.24 in the huge flag - what next?
If price gets above this volume profile resistance next target would be $0.48
Maybe more likely a move to the lower flag border at $0.06 - a hidden bearish divergence is concerning
Overall a huge flag with bullish chart outlook on long-term
Comments & FOLLOW appreciated 🤗
*not financial advice
do your own research before investing
CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup
⚠️NOT A FINANCIAL ADVICE!
CHZ Bullish PatternCHZ has formed a pretty clear Cup and Handle pattern on the Daily , pattern that can have it's projection verified as seen in the chart. The volume is in divergence with the price action, indicating that there is low interest in pushing the price further down.
We will consider this opportunity as invalidated if we close any daily below the 0.33 Fib .
Chilliz prints a falling wedgeIf a breakout to the upside is produced with a daily close over the wedge i will enter a long position, otherwise this setup is cancelled.
Taking in to account how CHZ has behaved in the last weeks the most likely for the wedge is to be followed by a push to the upside.