Chiliz CHZ below $0.24 in the huge flag - what next?Chiliz CHZ below $0.24 in the huge flag - what next?
If price gets above this volume profile resistance next target would be $0.48
Maybe more likely a move to the lower flag border at $0.06 - a hidden bearish divergence is concerning
Overall a huge flag with bullish chart outlook on long-term
Comments & FOLLOW appreciated 🤗
*not financial advice
do your own research before investing
CHZUSDT.P trade ideas
CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup
⚠️NOT A FINANCIAL ADVICE!
CHZ | Downward break is imminent.In the 4H time frame, CHZ is gradually forming an ascending triangle. Volume has dropped recently, with buyers and sellers waiting for a breakout of the pattern.
From yesterday's RSI, there was a somewhat bearish divergence. So I am not optimistic that CHZ can break up. Expect the price to find support at EMA 100.
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Good luck~☘
Golden Cross and Bullish Flag, $1.7 On weekly chart,
BINANCE:CHZUSDT has some signals for next bullish to 1.7
#1 - Completed the correction wave at 0.81
#2 - Bullish Flag touched lower channel and bounce back.
#3 - Touched and bounced from Important Trend Line
I figure out target of 5th wave at 1.7 with golden ratio 2.0 Fib from 0.81 which is the 4th wave.
Let's wait and see.
💡Don't miss the great buy opportunity in CHZUSD @Chiliz
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58
Take Profits:
TP1= @ 0.2331
TP2= @ 0.2654
TP3= @ 0.2878
TP4= @ 0.3129
TP5= @ 0.3310
SL= Break below S2
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💡Don't miss the great buy opportunity in CHZUSD @Chiliz
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.2140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58
Take Profits:
TP1= @ 0.2331
TP2= @ 0.2654
TP3= @ 0.2878
TP4= @ 0.3129
TP5= @ 0.3310
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
✅TS ❕ CHZUSD: resistance level✅✅CHZ has moved into a downtrend. Now there is a correction to the resistance level. It is possible to bounce down.✅
🚀 SELL scenario: short to 0.176.🚀
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