CHZPERP trade ideas
CHZ/USDT Weekly Technical Analysis1. Overall Trend
CHZ remains in a long-term downtrend, as shown by the descending trendline from its 2021 highs.
However, price is now consolidating near a long-term support zone around $0.045–$0.05, signaling a potential reversal zone.
Price is approaching a key confluence area: the downtrend line + bottom of the Ichimoku Cloud.
2. Ichimoku Cloud
Price is still below the cloud, indicating bearish momentum.
But the cloud is thin, and there’s a potential “Kumo Twist” ahead — a favorable condition for a trend reversal.
A successful breakout above the cloud would signal a strong bullish shift.
3. MACD (Moving Average Convergence Divergence)
MACD line is slightly below the signal line, but both are near the zero level.
A bullish crossover may be forming, indicating potential upward momentum.
Histogram is nearly neutral, showing weakening bearish pressure.
4. RSI (Relative Strength Index)
RSI is around 36.89, below the 50-neutral line, suggesting bearish bias.
However, there’s a small upward slope — a sign of possible reversal.
RSI crossing above 50 would confirm strength in buying momentum.
5. Volume
Volume has been declining over time, indicating accumulation.
A strong breakout will require a significant volume surge.
6. Chart Pattern
CHZ seems to be forming a falling wedge or a compression zone, typical of accumulation before breakout.
A breakout above $0.07 would confirm this pattern.
7. Upside Target
If CHZ breaks out, the chart suggests a long-term target near the 0.786 Fibonacci retracement level (~$0.39).
This represents a potential +900% move from current levels.
Chiliz - CHZ Mega Long Really strong bullish dragon at support with massive bullish divergence on the macd and RSI. The weekly closing with a bullish doji at support also, everything you want to see.
We are long with leverage and a sl placed. However, crypto tends to scam around at these levels, it is vital to follow price action and be ready to reenter should a fake breakdown occur. Otherwise this is a great area to accumulate, and hold for the bull market until support gets indefinitely broken.
ChilizIn relation to technical analysis, Chiliz is awesome in a weird a way! First, consolidating in a triangular/boat like zone, then bursting upward. Next, enter a corrective phase in a downtrend channel. Could it burst again upward reaching Fib level 1 making ABC pattern in which A=C? Only time will tell. Let's see what happens.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
CHZ has shown excellent performance🚀 #CHZ has shown excellent performance: the token has reached the first take-profit level (0.083). Everyone who entered the recommended buy zone (0.06-0.07) can now move their stop-loss to breakeven to minimize risks. We are waiting for further movement towards the next targets.
📊 Current take-profit levels:
✔️ TP2: 0.11
✔️TP3: 0.15
We stay in the game and keep an eye on the market.
CHZ and fan tokens are rising: Don’t miss the $PEPPER airdrop!🚀 Bought CHZ token: There's serious activity around fan tokens. SEED_ALEXDRAYM_SHORTINTEREST2:OG already hit x2, and other tokens are also rising.
🟢 The CEO of Chiliz announced an airdrop of NCDEX:PEPPER tokens for GETTEX:CHZ holders on his Twitter. Binance will support this event and conduct 4 balance snapshots on October 10, 17, 24, and 31.
📊 My strategy:
Buy zone: 0.06-0.07
TP1: 0.083
TP2: 0.11
TP3: 0.15
Stop-Loss: 0.055
💡 Airdrop: 1 GETTEX:CHZ = 150-1000 $PEPPER.
CZHUSD: One breakout to go before it rises +125%.Chiliz is heavily bullish on the 1D timeframe (RSI = 68.274, MACD = 0.005, ADX = 21.056) as it is trading considerably higher than the 1D MA50. If it crosses over the LH trendline, we expect it to aim for the HH of the Bullish Megaphone. Both HH prior reached the 2.5 Fibonacci extension. We will aim a little under that level (TP = 0.35000), which will be a +125% rise from the current LH breakout level.
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CHZ/USDT Secondary trend. Wedge in the channel. Breakout. 15 11 Logarithm. Secondary trend (part). A descending wedge (bullish shape) was formed in the descending channel. It is linear on purpose to remove "market noise". There is a breakthrough of its resistance. There is a high probability that the targets will be reached. The coin on the super profit funds, remember this working with it observing the banal risk management.
The price has reached the local dynamic resistance of the internal descending channel. Perhaps there will be consolidation in this zone, then the continuation of the trend development with a high probability.
🐳 From FTX/Alameda wallet sent CHZ 37,735,856 ($2,890,000) to exchanges. The amount is not big at the moment, but still, to sell to large market participants you need to make "general hype", and liquidity. Sending CHZ by alameda as an example.
🐳🗣🐏Already started to publish on some crypto coins positive news accompanying the price. This coin will not be an exception, but they will come up with (positivity, usefulness, cooperation and so on, any flight of fancy...) at high pumping percentages.
Major trend .
CHZ/USD Main trend. Pivot Zones. Published 3 03 2023
15 11 2023
CHZ/USD Main trend. Pivot Zones.Logarithm. Time frame 1 week The main (long-term) trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.
This is what it looks like on a line chart.
Secondary trend. Time frame 3 days.
CHZ/USDT Secondary trend
Local trend. Time frame 1 day.
CHZ/USD Local trend. Pivot area.
Crypto News and FUD? - look at ChiliZ CHZ🌶️CryptoNews and FUD?
Take your favorite cryptocurrency and look at the weekly chart👀
Like this one on ChiliZ CHZ🌶️
Many good cryptocurrencies are just in a healthy correction🚨🚀
Comments💭, Likes♥️ & Follow🔗 appreciated dear Crypto Nation🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion