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Chiliz / TetherUS PERPETUAL CONTRACT

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CHZUSDT.P trade ideas

CHZ continued its fluctuations in the support range!During the last week, CHZ continued its fluctuations in the support range of $0.18. The selling pressure that occurred in the market in the last few days caused this support to break and hit the medium-term ascending channel bottom support range. The price has not yet crossed the downtrend line drawn inside the channel. For the upward trend and the end of the corrective wave, it is necessary for the buyers to cross the resistance range of $0.175 to $0.190 with their support. Therefore, if an engulfing candlestick pattern is formed on the chart, and the previous bearish candlestick is fully covered on the daily time frame, we can expect the price to remain inside the channel again, this time retesting the $0.21 and $0.23 range targets. But the more important point is that the new floor that is formed is lower than the previous floor. So this could be a sign of sellers gaining strength, and buyers' next attempt could be a last-ditch effort to test resistance levels.
by MonoCoinSignal
7
RLinda ! CHZUSDT-> Breakdown or rebound? Chiliz/Tether in terms of technical analysis is preparing for a bounce down to test the supports, below which the key liquidity zones are located. On the global chart, we see the price rising to 0.2822, which could be considered as a trend change, but the price only makes a false-break at 0.2650, after which the global technical pullback finishes with the updating of the global lows. Globally, the market is neutral, there are no clear signs of bears or bulls domination, because the price is in a sideways range between 0.3500 - 0.1500 Locally (on the main chart), we see the formation of the price channel, which coincides with the direction of the global trend The price is testing the resistance zone and forming a consolidation under the level. In the long term I expect fall to the levels of 0.1741 and 0.1629. But it is also worth considering a break-up of the channel upwards, in which case growth to the resistance level of 0.2122-0.2222 should be expected. Regards R.Linda!
Short
by RLinda
4
Chiliz 🌶 : Bullish or ... ? Let's See! If the price can consolidates above 18 cents, we can expect a Bullish scenario! Otherwise, the next appealing range for buying is 12 to 14 cents! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 10.14.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
8