CHZUSDT
SasanSeifi 💁♂️CHZ /USDT UPDATE🔥83% 😍✅From the range of 0.83
HI Everyone ✌ By examining CHZUSDT in the Weekly time frame, As you can see According to the latest analysis, the price faced buying pressure from the range of 0.080 and was able to grow by 83% to the range of 0.1890. 🔥✅
Currently, in the long term, the price is gathering volume in the range of 0.13. We can expect the price to grow again to the range of 0.1890 after the fluctuation. We have to see how the price will react.Otherwise, if the price penetrates below the range of 0.12 and stabilizes, the targets of 0.090/0.082/0.058 can be considered.
Keep in mind that for a positive trend, it is very important to consolidate above the 0.1890 range and break the descending channel.
❎ (DYOR)...⚠️⚜️
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌️
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CHZ going LONGThis is a 3:1 setup. I think CHZ will explode soon after it was leading the market. Moreover, if you discern it in terms of a pattern, it resemblance the structure of MATIC before it was exploded.
However, if you are able to enter at a lower price, I would suggest you to have a SL at the swing low.
The target is the 0.618 FIB retrace of the previous swing which is reasonable in case we are going up for either C wave or 3th wave. The extension meets there.
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.
Chiliz (CHZ): High Risk setup in medium termHi everyone!
If Chiliz (CHZ) develops a bullish impulse structure, it might be interesting to try taking a Long position on the corrective structure. One very important thing to know is that this trade is high risk, so using a very very small size should be necessary, if our analysis is correct then we will have time to add Long positions on pullbacks, I am a Trader, and the thing most important to me is risk management.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
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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.
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CHZ/USDT CHZ/BUSD Trade IDEACHZ is currently making cup and handle structure, This is how i would like to plan my trade. I would wait to break and retest resistance around 0.14~0.15. I would set take profits for short, midterm and long term (runner) with a tight stop loss. These are just my thoughts and they are not trade signals by any mean.
This is not an entry signal. Please Do your own research..