CHZ First time Hi everyone CHZ sill waiting for a big Movement, I think there is falling wedge pattern it might break up, and we can see new levels.
It might break out around the 6th of April : target = 0.7 and up...
Or it can retest lower levels.
This is not financial advice! Just my idea about CHZ!
Do your own research.
If it's a mistake or want to help, you can write in the comments.
It's my first time so take your own risk.
Not investment advice.
My ideas are only helpful and not advice to buy or sell, you are the decision maker.
CHZ
Is CHZ days are over?CHZ has been moving in a descending Triangle for some time now, and all this while it hasn't attempted to touch the upper Trend LIne (Black) of the Triangle .
At the much small time frame, we can see that CHZ is moving in a downward parallel channel. Also EMA 25 is working as a Resistance which states that CHZ would need bit of fight before moving back up.
Also Volume is not working in its favour either and its been pretty low.
Looking at all these trends there are two potential scenarios that can happen.
Scenario 1 (Black Path) - CHZ to move in downward parallel channel and break lower part of the triangle to officially enter the downward trend.
Scenario 2 (Red path) - CHZ to bounce off from S1 and try to break upper part of the triangle.
So far looking at the trend, scenario 1 looks more likely. However in crypto world currencies are free to move and can surprise you in the last moment.
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NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
CHZ 2 way movementDo not fall for the trap today. It won't be a breakout as the spike from 0.41900 to 0.55 only completed the swing high for the falling wedge and is now proceeding to the new symmetrical triangle for potential breakout on Apr 7-10, or, may drop to 0.39400 until Apr 16.
Good luck on your trades. Happy Easter!
🍣 CHZ Wait For Breakout And RetestCHZ has been in a descending wedge for around 3 weeks now following a large breakout. Wait for a breakout of the descending wedge and make sure it finds support on the Fibonacci line before confirming the breakout. From there, we can expect a bullish run for CHZ following news in April about gaming releases and other positive news.
Entry: ~0.565
Stop loss: ~0.51 (Make sure to see ATR at that point of time)
Take profit zone 1: ~0.672
Take profit zone 2: ~0.878 (or hodl)
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:
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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.
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