CHZUSDT.PS trade ideas
⚽️ Chiliz is Chilling as the World Cup Approaches!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 As the World Cup 2022 gets closer, many coins / tokens will get more exposure in a way or another.
CHZ is one of these projects. As you noticed, CHZ has been standing strong for the last couple of weeks unlike many altcoins.
🗒 Why CHZ ?:
CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain. The token serves as currency that allows users to purchase NFTs at Chiliz' Socios fan token marketplace. There would be no CHZ token without Socios.
ChiliZ token ( CHZ ) is the official, exclusive utility token that operates on the Socios.com fan voting portal. Using this platform, sports and e-sports enthusiasts can participate in the management process of their favorite teams, leagues, games, and events.
📉 Technical Analysis:
CHZ has been stuck inside a big range in the shape of an inverse head and shoulders pattern.
For the bulls to take over from a long-term perspective, we need a weekly candle close above the gray neckline (around 0.3) which is also a support and resistance zone.
Meanwhile, as we approach the green support again, I will be looking for short-term buy setups.
What do you think? Will CHZ be used more during the World Cup? and will it affect its price / value?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.208
T2 = $0.237
T3 = $0.279
T4 = $0.335
and
T5 = $0.488
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.192
SL2 = $0.163
and
SL3 = $0.103
Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
CHZUSDT 1HCHZUSDT 1H - impressive the CHZ in the diary barely shook with the crash of FTX. Follows support and resistance in the 1h team:
S: 0.1929 / 0.1780
R: 0.2057 / 0.2171
CHZ USDT <LONG>The analysis is based on Elliott waves and regular channels
The price of 17 to 20 cents is good for entry
CHZ Bullish FlagIf you look CHZ's weekly trend, the coin moves in a downward channel. If it can break this channel and go over the 1$, then we can expect that it can move up until 3-5-10$ since there is a "Bullish Flag" formation.
This is not a financial advise. It is just a guess.
CHZUSDT | WEDGE BROKENCHZUSDT has been trading within a wedge.
The price was well respected by boundaries of rising wedge .
The price has now broken below the wedge .
The bears are in control While bulls will be only in control above break of recent high.
Manage your trades accordingly
Double top formingBarely at the moment holding on to the 50 day EMA, daily MacD going lower. If it breaks under this current zone, I am expecting it to form a double top and break under the neckline.
0.194 area could be a possible first profit target for a short if we open it now. Risky trade, just an idea. All depends on what BTC is going to do in the next days, fall further or gain momentum for upside. As we can see many coins are dangling and barely holdiong on some major support zones after the last weeks pump.
CHZ/USDTCHZ/USDT
In my opinion, the pot can grow up to 36 cents with the correction made by this series.
This growth is only because of the World Cup.
CHZUSDT 1HCHZUSDT 1H
Even if the formation is a triangular wedge (orange lines) or the possibility of a W formation (purple lines), the market should retreat, even because combined with the uncertainties of the horizon with the shock waves provided by the FTX, it has the pattern weekend seller. Remembering that CHZ has not lost its great fundamentals!!
Follow the supports and resistances.
S: 0.2083 / 0.1867 / 0.1458
A: 0.2637 / 0.2948
CHZUSDT - Mainnet 2.0 Launch 31. DecWe are basically in a prettey bearish phase and trading agains the bigger trend is very dangeours.
Nevertheless we might seeing a pre - pump on CHZUSDT into the Mainnet 2.0 launch on the 31. Dec. 2022
No investment advice!
Most info on the chart.
Trade carefully!
CHZUSDT might retest 0.14$ in shorter time frame CHZUSDT 4h binance long
If CPI report suuports then i am bullish
CHZUSDT Trading opportunitiesLooking closely on the CHZ chart, with the mindset of mid term to Long term perspective, it was observed that price respect a trendline(Black TL). Each time price had a test on the TL, it give strong rejections.
The last move away from the TL, seems to be forming Bullish flag.
Our trading ideas right now will be to focus more on the ACCUMULATION zone shown with Yellow on the chart. Exit will be a break and closed of candle below the Black trendline.
Final target of the potential Bullish flag was shown also.
CHZUsdtthis analyse for HODL guys not for short time but u can see close targets and support for short time strategy
CHZ make a flag bullish flag on weekly time
so can little patient for big rewards
i know this time market is bad for sht Exchange like FTX
i never use Binance and FTX
now kucoin more out token so little becurfull
but this last finish and we can back so better ur plan for mid and long time
dont fear and never greed
now u sell miss this time is best for buy not for sell GL
EntryPoint:
0.1336
0.1044 i think this cant happen but u can set this for support or TP for short positions
Supports:
0.0816
00574
0.0367
Resistances:
0.1812
0.2145
Targets:
0.3912
0.6346
10324
for HODL:
2.0612
GL
long shot for next few months Warning: These trades reflect my trading history and are not investment advice and I am not your financial advisor
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit..... Good luck to all
Say Goodbye to Chiliz UptrendConsidering the liquidity area and the breakdown of the wave structures and times, I think Chiliz is near the end of its upward trend.
Chiliz CHZ Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Chiliz CHZ , which is overvalued.
CHZ/USDT short
Entry Range: $0.27 - 0.28
Take Profit 1: $0.24
Take Profit 2: $0.21
Take Profit 3: $0.18
Stop Loss: $0.32
DOES CHZ HAVE MORE DOWNWARDS MOVEMENT?We see CHZ break out of our descending price channel only tap liquidity at the 0.262 level and return back.
However, CHZ finds support of the 1.618 fib extension level, coming from lows of Jun 19, 2022.
Almost Exxxxactly to the dollar.
Will this signal a bounce to the upside? or a a downwards continuation?
We shall watch and wait patiently for CHZ's next move.
Fundamentally, there is much hype going around due to the FIFA 2022 tournaments.
Keep Watch!
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CHZ is going to do a good Bullish movement soon!CHZ has the odds to create an Inverse Head and shoulder Pattern which means the Price will Pump up Pretty Quick (if the Pattern is to be created of course!) So when the Pattern creation Happens and It's Completely formed, we shall Expect the Price to increase as much as the Length between the Bottom and the top of the Head (Measured Price movement) a huge boost in the Price will happen so be sure to take benefit from it! Don't forget, the Price hasn't been able to break the neckline yet! So yeah It's a little tough to be bullish on Chiliz but We shall not Give up on it :) and also the Price hasn't completed It's right Shoulder So It Gets Even more Risky to Enter Right now!Please wait for the Shoulder Movement to complete!
flash trade short on CHZ SHORT TERM Warning: These trades reflect my trading history and are not investment advice and I am not your financial advisor
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit..... Good luck to all
CHZ could break down hard#CHZ
Keep an eye on CHZ could be a good short opportunity coming up if it breaks down on this trendline. Pretty overbought and a small timeframe double top and bearish divergence
Short CHZI expect CHZ to retest the 1.618 Fibonacci level which was the summer low. We have a strong weekly bearish divergence along with a Wave 5 Elliott Wave top. I entered a short earlier today, so I’m able to play this out comfortably. As always, I will ladder more into my position and be ready for any move.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
CHZ CHZ is bearish right now
B correction might extend up to range box where big whales exist but not necessary
break 0.16 will go directly to the targets
I will keep you guys updates once the targets reached
peace :)
