CHZ inverse head & shouldersThought i would share this idea, Chilliz has been doing pretty well, and looking at the 4 hour chart it looks like an inverse head & shoulders pattern. A retest would form a cup and handle with possible upside for CHZ.
Might play out, im pretty bullish at the moment so i reckon it should play out, The red boxes above are red vector zones and the green are the green vector zones below. I would think it would take the ost recent green vectors on a pullback and then up to take the red vector range above. Maybe we will see :}
CHZUSDT.P trade ideas
CHZUSD ❕ pivot pointCHZ and RSI have formed a bullish divergence (4H TF)
The RSI on the 4H TF shows that the buyers are beginning to gain strength.
Price is testing 50EMA as support on the 4H Timeframe.
TD Sequential has formed an up reversal signal (30m TF)
I expect growth if CHZ holds in the current range.
CHZ 1DAfter 28 days down, CHZ found powerful FIBONACCI support at 0.1599 and pooled back reversing this formed downtrend.
Buyers have taken control of the horizontal support zone and the price is making higher highs and higher lows.
As long as the price is above the support level of 0.1599, we expect the buyers to be in full control for the CHZ to move towards its strong resistance of 0.2817.
Fundamentally CHZ is very high octane and is likely to take an impulsive kick up as the world approaches. Built on the Ethereum blockchain that allows sports and entertainment fans to monetize and incentivize their activities through tokenization. As an ERC-20 token, Chiliz provides currency for the world's first blockchain-enabled fan engagement platform, Socios. The Socios marketplace allows fans to buy and trade fan tokens or branded NFTs and participate in or influence club-focused polls and surveys.
CHZUSDT | BULLS HOLD KEY LEVELCHZUSDT after a bearish trend made a double bottom at 0.810. The bulls took control from horizontal support zone and price are making higher highs and higher lows.
The asset has made a top of 0.839 and now retraced to 0.618 fib level (Golden ratio). The bulls gain strength from 61.8 fib level and currently broken above the falling resistance.
As long price is above the key level, We are expecting bulls are in complete control and will show strength.
Manage your trades accordingly.
🔥 CHZ In A Bearish Channel: RejectionAfter touching the top resistance of the channel, CHZ has yet again seen a strong rejection and is moving back down.
With the macro economic outlook deteriorating, I think it's likely that CHZ will move down all the way towards the support of the channel. One of the better shorts in the market currently.
Consequently, going long at the bottom resistance of the channel would be a decent long-term opportunity.
CHZ | Trend line challenge.On the 4h time frame, CHZ formed a bearish triangle. There is a bullish divergence on the RSI. The price will challenge the downtrend line again. If successful, the next resistance lies at $0.18. If it fails, we could lose the current support and head towards $0.14.
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Good luck~☘
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.