CHZ – time to dump!Hello, everyone!
Last time I made an analysis on Chiliz a week ago. Market deceived me with the flat correction inside wave 4 which I wrongly interpreted as the wave 3 and 5. Flat corrections became more often phenom recently. Today market gave me clear picture that the uptrend on CHZ have been ended yesterday.
Let’s take a look at the 1D time frame CHZUSDT chart of the WhiteBit exchange. Trading chaos approach gave us the very nice picture. First of all I want you to bring your attention that the price have reached exactly the minimal wave 5 target. Of course it’s insufficient to enter the short based only on that.
Yesterday bar was the bearish inverted hammer which in conjunction with the squad condition and angulation with the Williams alligator give us the idea that it’s reversal bar – the best place to open position against the trend. Divergence on AO is weak, but it’s divergence which is also the reversal factor.
I opened short on CHZ again, hope it will not go against me again.
Best regards, Ivan
Chzforecast
CHZ/USDT 4HOUR UPDATEWelcome to this quick CHZ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- CHZ/USDT is triangle pattern create conform and retest BUY the green zone.
Entry:-buy green zone
Traget:-30% to 40%
Stop loss :- NA
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
CHZ 1D Several possible scenarios for the coming monthsIn fact, on the chart of CHZUSDT from March 15 and so far continues the process of sales and new purchases. That is, the process of redistribution of CHZ asset between buyers and sellers in consolidation has been going on for 7 months.
Now we see on the chart that the price of CHZUSD has stopped again under the strong mirror level of $0.375.
From this point we consider that there are 3 real scenarios, and we will describe them below, and they should be watched carefully:
1) Green — the most positive, the maximum possible correction in the area of $0.275-0.30 and further growth with the target of $0.87.
2) Yellow — the critical point of correction for continuation of up-trend in the near future, there, is about $0.19. The price retention above this level may be delayed in the time frame, but the prospects for the possible growth will grow to the area of $1.50-1.70
3) Red — fixing of the price below $0.19 will open the way for the continuation of the fall to the lower border of the channel, which is near $0.08
Given that the forecast for Chiliz price movement in the future covers a long time horizon, it is difficult to say which scenario is most likely. We recommend reading carefully the conditions of scenario fulfillment and to adhere to them, if you believe in such possibility of events development.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
CHZ 1D There is positive for growthBefore we start reviewing the current situation on the CHZUSDT chart
We invite you to see how our previous ideas worked out, which were published 2-3 months ago, we are proud of them)
June at Chiliz is filled with positive news:
- today listing on Coinbace Pro, and then a few more listings on other exchanges.
- until the end of June, CHZ holders will be able to buy UFC FTO
Such facts are a good incentive for price growth.
On the chart, we see that the CHZUSD price has stopped below the strong mirror level of $0.375. Fixing the price above this level will open the way fo r growth to $0.64.
At the end of June, it will be necessary to closely monitor the behavior of the CHZUSDT price, to see if the coin's sales have begun.
Like this idea and write a comment, then you will receive alerts when we update it!
The sell-off could cause a corrective fall to the $0.28 leve l, but even in such a situation, the chances of growth will remain.
If the positive dynamics continues on the CHZUSD chart and on the crypto market as a whole, then in thoughts it will be possible to aim at $1-1.50-1.70 or maybe $2.80)
We'll see everything soon)
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
CHZ 1D Wide range consolidation continues, targets in an ideaA month has passed since the publication of the previous global idea of the CHZUSDT trading pair.
In this idea, we warned that the coin requires correction, as a result of -40% in the value of CHZ and a minimum of $0.366
Now it turns out that the correction turns into a consolidation triangle
Those interested can try to trade within the triangle, the price movement range is more than 50%
Consolidation in a triangle can result in two equivalent scenarios:
1) Breakout up with the target of $1.40
2) Breakout downward with a target of $0.15
Therefore, you need to carefully monitor how the CHZUSD price will behave in consolidation, and for this, put like under this idea and write comments with thoughts on how the price will move and what news will contribute to this.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
CHZ 1D Be careful, rapid growth needed correctionThe CHZUSDT pair has collected the most votes in the digest "Weekend Bitcoin" 12, so that we need to analyze it.
Of course, such vertical growth is difficult to analyze, but we will try)
The most optimistic variant for the CHZ, in our opinion, is a correction to the $0.30 area and from there growth to the $1.40-1.50 levels is possible.
More negative scenarios are a drop in the price of CHZUSD to $0.15 $0.08 and even $0.05. We understand - this sounds scary, and we will get a lot of hate, but such are the realities of the crypt and everything is possible here.
But there is a note of positive - that even such a deep fall will leave the price of CHZUSDT within the parabolic growth with global targets of $1.50, or even higher.
The moral of this topic: use stops and fix your profits in time , because the bull market can not only grow all the time, but also correct, and sometimes it is deep and painful for the deposit.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)