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Chzusdidea

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 :)
by P_S_trade
47
CHZ moving down stillEventhough it spiked up last night but when I looked at close up after the spike it was making lower peaks moving downwards while a lot of other crypto already moving up. CHZ was over bought by people pushing it up during the NFT craze, but after people are learning it not similar NFT as the others and might be selling it. Right now looks like CHZ will continue to move further down. I have already sold my CHZ this morning seeing it making lower peaks and there be project that move up more than CHZ to follow.
BINANCE:CHZUSDShort
by chungdha
6
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. If you like my analysis then do drop a LIKE and a COMMENT. Also dont forget to SHARE it with your friends. Also dont forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely.
by Manjyot
4
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