CHZUST trade ideas
CHZ breaking outCHZ has been trying to break the daily support since a month and formed a cup & handle pattern. It seems that the breaking-out is going to be confirmed (on 1D TF).
Despite the weakness of BTC and almost the whole market, CHZ performs very well these days.
Volume indicators (OBV, MFI and CMF) are supporting this breakout:
OBV breaks the resistance
MFI breaks the trendlines and seems to reverse
CMF positive, already broke zero (from negative values) and continues to increase.
I hope this analysis can help you if you are intested in CHZ.
All comments are welcome! Thank you
CHZUSDT - TRADE PLANCheck out the trade plan for CHZ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CHZ is slowly growing and running on the bullish swing to revisit the weekly resistance formed at the $0.3 area. We may have to keep an eye close to this level once the price completes its visit to identify if the price goes for a complete breakout formation on the resistance or if finds a reversal.
CHZ Forecast ๐ (H2)Whats Up Retail Whales ๐
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
- Price is right now at our demand zone.
- Has filled out the imbalance.
- Purged the liquidity pool generated as inducement.
- We could expect price to shift bullish and fill the imbalance and also, hunt the trend line liquidity resting above.
- Waiting for a confirmation BOS as we still have a lower POI in play
Remember we are trading human emotions and probabilities
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HooRaa
Range trend will be formed?CHZ had a good price growth during the last weeks. Due to the good positive reaction that the price showed to the support area of โโ$0.18 and the increase in demand in this area, a double bottom pattern was formed in the daily time frame. The pattern was confirmed when the price crossed the $0.22 range. High buying pressure caused the price to grow further and hit the daily resistance range.
This resistance, considered in the range of 0.236 to 0.270 dollars, has been negatively reacted by the price in the past few days, and we see a 15% decrease in its price. The last weekly candlestick is a bearish candlestick, which shows that the current resistance range is reactive, and considering the 250% growth of its price, the potential for trend-ranging and profit saving for buyers in these ranges is high. So CHZ can enter a range trend between the current resistance range and the $0.18 support.
CHZUSDTHello my dear friends
The range of the flag limit has been maintained and the movement trend has not been lower than $0.1766, the positive divergence of the RSI has been issued in the four-hour time frame.
If the current trend is above the range of $0.2183, we expect a reaction and the formation of an increasing trend to a higher area in the return of the price from the range of $0.1878.
We would be happy to hear your comments
CHZ/USDT looks for another push!Hey, traders
CHZ/USDT is looking like good to buy. We are going to set some small spot buys here as there might be a pullback to lower levels as well. What are your thought about this coin!
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Swallow Team ๐ฑ
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