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CHZUSD

The buying pressureThe buying pressure on CHZ caused an important resistance in the range of $0.1417 to $0.1547 to be broken and turned into support. The target of buyers can be considered in the resistance range of $0.196. This resistance has already brought many reactions. It is also in the upper half of its main descending channel, which with this support from the buyers' side, can have the potential for price growth up to the ceiling of the descending channel. The return of the price towards support can bring a positive reaction.
by MonoCoinSignal
4
Chiliz CHZ price is approaching the zone of strong liquidityThe CHZUSDT price is trying to catch up with the upward trend that has been dominating the crypto market for more than a month. The other day, the CHZ price finally consolidated in the upper half of the falling global channel . CHZUSD will soon reach $0.18, and then it will be more difficult for buyers to drive the price up. After all, it is in the range of $0.18-0.28 that a strong liquidity zone is observed. During the 3 autumn months, some bought CHZ in this range and others successfully sold it, and, as we can see, the sellers were stronger. And all because Chiliz announced its sponsorship of the 2022 FIFA World Cup. In fact, the situation around the CHZUSDT price perfectly reflects the trader's saying: "buy rumors and sell facts". While some people were buying CHZ in the expectation that the price of CHZ would skyrocket with the start of the 2022 World Cup, major players were selling CHZ to everyone who want for 3 months. And with the start of the FIFA World Cup 20.11.2022, the CHZUSDT price began its -65% drop. Therefore, it is very likely that those who have been sitting in a "painful deposit drawdown" for more than 3 months will sell their CHZ "to zero" in the range of $0.18-0.28. This is how human psychology works. And this, in turn, will slow down growth. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
CHZ has recorded a 15% price drop over the past weekCHZ has recorded a 15% price drop over the past week, with most of the drop coming from the previous day. After buying support took the price to the $0.1444 resistance range, as this level has seen a lot of reaction in the past and is considered an important supply level, it has caused short-term buyers to save profits. The corrective wave has a high downward slope. Therefore, there is a possibility that the price will enter a time correction. But very important and reliable support is considered in the range of $0.1144, which is located exactly on the midline of the main descending channel. If the price hits this area, we can expect a positive reaction. In this case, there is a possibility that after the correction, we will see another attempt to return the price to the resistance of $0.1144 to $0.1160.
by MonoCoinSignal
11
CHZUSDT - 1200% upside potential after a 40 - 60% drop from hereCHZ - chiliz the leading NFT token, is in a continuous downtrend since the 2021 top. it has come to the price where the accumulation would probably start. Although BTC having a CME gap at 12K would take it further down to 0.08 - 0.04. This would be an area to start DCAing CHZ for the relief rally of 2023 around OCT 2023 we might see a huge upside for CHZ at around 0.35 - 0.55... The chart is drawn on a Monthly Timeframe. its not suggested to use it for futures/options. **** It's not financial advice.
Long
by crypto_gambler_
Chiliz CHZ price "gives signals" of possible growth soonCHZ price was expected by many to grow during the World Cup, which is coming to an end, as Chiliz is one of the sponsors. But the CHZUSDT price was falling all the time. And now, at the end of the World Cup, CHZ buyers began to restrain the fall by purchases, and for the last few days, the price has been testing the liquidity zone of $0.125-0.140 from above. Some kind of inversely proportional effect from the sponsorship turned out) It seems that in the coming weeks, the CHZUSDT price has every chance to make +90% growth . It will be "very funny" if the growth impulse starts immediately after the end of the World Cup) From the point of view of risk management, we believe that buying CHZ in the range of $0.125-0.140 is quite balanced in order to gain a long position. Medium and long-term growth targets are $0.259 and $0.55, respectively _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
40