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CHZ

CHZ - 6h. Buyers' last check before growth?Starting from March 12, a correction of the previous growth wave began in the CHZ market. The sellers tested the range of $0.46-0.47 for strength with the help of 2 falling waves. If the first downward wave was sharp, accompanied by increased volumes and had the same sharp upward correction, the second downward wave is more mysterious. During the second wave of decline, sellers managed to update the local low , however, the CHZ price was unable to consolidate below the range of $0.46-0.47. All this happened on low volumes and the current attempt of buyers to start their trend looks sluggish. In the best case, a reversal phase is now taking place in the CHZ market and the main task of buyers in this scenario is to keep the mark of $0.497. This mark is not very important globally and during a strong attack of sellers it will not be a good support for the price. But by keeping this mark, the buyers will give a signal that the current growth attempt is not over and there are few sellers left in the market in this price range. If this mark does not stop the CHZ price at best, we will see a liquid range of $ 0.46-0.47 again. However, despite the CHZBTC chart, the situation can be much more fatal: As you can see on the chart, the buyers are holding the initial range, from where the price is actively bouncing. Loss of this range will trigger a powerful downward trend. Considering that the BTC price with a fairly high probability can bounce down from $58000-59000 and continue the correction, you should be careful with CHZUSDT and keep it on a short stop. P.S. negative CHZ scenario here: _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
25
CHZ/USDT 4h simple analysis in 30th/MarHi, crypto traders. The price of CHZ is stable now. The candle, 20h, 80h and 240h are getting closer. This chart predicts the price suddenly goes up/down drastically near the future. If the price goes up, the target is 0.714USD. If the price goes down, the target is 0.450USD. Enjoy your trading. ============================= Chiliz is the world’s leading blockchain fin tech provider for sports & entertainment. Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses CHZ as it’s exclusive on-platform currency. You can check Chiliz from the following link. Chiliz: www.chiliz.com =============================
by Bot_Muto
CHZ (FALSE BREAKOUT) BEARISHAs I told you before, I noticed the weakness of the trend on CHZ and now as we know BTC is changing the rules and preparing the second scenario where I told you that $CHZ could touch my ideal buy zone 0.29$ but now, without beign conservative I'd invite you to re-think on 0.17 and have some savings for a possible scenario of 0,08$ if btc breaks the 47k$ support. I really believe that btc could reach 42k$ Trust your indicators. The divergences are helping to make stronger supports and resistances, the Hype on chz is real but not enough to change the game.
Short
by awstian
9