CHZ
Bullish scenario Chili CHZ fries (6hr view)Hi traders! ✌🌏
After a fake breakout on the 15th of July, we have come down and formed an inverse head and shoulder pattern below our red🟥↘ trend line🆗👌
Now, since the 23rd of July we have seen bullish🐮 price action and another more successful break💪 up out of our same red trend line🟥↘ !
We have gained some support at our current horizontal line and I am looking to see if chiliZ can make it to our bullish target number 1️⃣🎯🏁
If we can achieve our target it would be a good time to reanalyze CHZ.
Fundamental overview 🔎🧀
CHZ /chiliZ is a token (cryptocurrency,) native to the Socios.com platform .⏬
Socios app allows for football fans to be closer to the team, by being active in the online community on the app and can even vote on team decisions and have their say in things through earning fan badges 🔰☸
🧀🌶is a pretty new token👶(has been in process since 2016 and released on Socios.com in 2019,) 👍💫 Socios is the first ever mobile application1️⃣📳 that allows fans to vote and earn rewards.)👏🆗
CHZ has already grown substantially and I don't think the CHZ heads🧀👩🦲(sports club fans🏀⚾,) around the world are going to stop here.. this is a pretty big deal for them!!😅✌
Price prediction💲🤔 for CHZ at the end of the year🕘📆 is somewhere around 90 cents, I think it can surpass this.🏁🏁🆙
CHZ i s found on several blockchains, run through ETH, purchasable on Binance, CoinbasePro, UPBIT, crypto.com !)
Market cap for chiliZ is $1.45 B USD
total supply 8,888,888,888..
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbayy!!
Chiliz (CHZ) broke out a triangleSymmetrical triangle:
on the daily time frame chart the price action of Chiliz was moving in a symmetrical triangle since the mid of May 2021. Now finally, the price action has broken out to resistance of the symmetrical triangle and moving sideways. Now there is a possibility that the priceline may re-test the previous resistance of this triangle as support.
Falling wedge:
While the price action has broken out the resistance of a symmetrical triangle on the daily timeframe, at the same time the priceline has also formed a falling wedge pattern on a very small time frame hourly chart. This falling wedge is considered as a bullish reversal pattern among the trader's community. Therefore if the price action of CHZ will break out the resistance of the wedge then it can imminently move to the tail of this wedge pattern which is at $0.275 cents.
Weekly EMAs:
On the weekly time frame chart, the price action is trying to break out exponential moving averages with the time period of 10 and 21. In the below chart it can be seen that after the recent drop the price action tested $0.18 support and then broke out the $0.235 resistance level. Now it is working as very strong support for the price action. If the price will be able to break out exponential moving average 21 then it can lead to a really very big move.
Huge BAT move:
On the weekly time frame the priceline has formed a huge BAT pattern. The sell targets for this BAT as per Fibonacci sequence can be $0.4337 to $0.7678.
CHZUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price is testing the level after climbing the level it has crossed. We have 2 scenarios. First, the price should be supported from here and start moving upwards. The second scenario is that the price will start moving upwards after hitting the next support level. But in case of falling to the support line and stabilization, we will enter a downward trend.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
CHZ/USDTPEREP | Potential Downward Movement 🔨Technical Analysis:
The coin managed to break the ascending channel pattern to the downside with the help of an inverse head and shoulders. A higher correction could be seen to the highlighted zone before the price tumbling all the way down to the target profit.
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Trade Idea:
Sell Limit Order @ 0.25448
Take Profit @ 0.23256
Stop Loss @ 0.26164
Trade Safely 🙂
Chiliz (CHZ) formed a big bullish setupSMAs and strong support zone:
The price action of Chiliz has broken down all the simple moving averages with the time period of 25 50 100 and 200. Now all the simple moving averages are working as a very strong resistance above the price action of the CHZ token. At the same time, the candlesticks of the Chiliz token also having a death cross formation between 50 and 200 SMAs above them, which is a very strong there is a signal.
But there is a very strong support zone beneath the price action starts from $0.235 and goes to $0.18. The stochastic oscillator is also in the oversold zone, therefore the price action can be reversed towards the upside form here.
Symmetrical triangle:
While the price action is moving above a very strong support zone at the same time the support is being lifted towards the upside and resistance is moving towards the downside. This movement of the support and resistance has formed a symmetrical triangle and the priceline of the CHZ has moved at the end of the triangle and now the triangle is getting squeezed.
Big harmonic bullish BAT:
Previously we had a nice trade of CHZ token.
Now this time on the weekly time frame chart, the price line of CHZ has completed the final leg of bullish BAT . There is also 50 simple moving average support in the buying zone.
The buy and sell targets can be as below:
Buy between: $0.2111 to $0.1177
Sell between: $0.4337 to $0.7678
As per the above targets, this trade has a profit possibility of up to 550%, and the loss possibility is 44% therefore in order to minimize the loss we should use the weekly 50 SMA as stop loss.
Note: Above idea is for educational and entertainment purpose only and not a financial advice. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Chiliz (CHZ) formed a huge bullish BAT for upto 550% big rallyHi dear friends, hope you are well and welcome to the new update on Chiliz ( CHZ ).
Previously we had a nice trade of CHZ token.
Now this time on the weekly time frame chart, the price line of CHZ has completed the final leg of bullish BAT . There is also 50 simple moving average support in the buying zone.
CHZ add to watchlistCHZ / USDT
Reasons for adding to watchlist :
Its on support (in chart)
It follow NFT coins in general
Sometimes it follow CHR specially
Invalidation of bullish scenario loss of support by daily close
take care while trading alts ATM because
1- BTC not stable
2- Grayscale unlock is very soon
This not a buy signal ..just add to your watchlist
Best of luck