CHZUSDT.PS trade ideas
🌶️ CHILIZ chz 3$ targetCHILIZ is going to blow minds at FIFA worldcup climax.
It printed a bull flag since march 21, that's 606 days inside the flag.
The more the figure last the more the movment will be violent.
I expect a positive breakout in the coming days if bitcoin stays sideway,
the pole of the bull flag reported on the breakout can take us to 3$ in the end of december.
Especially if we get a Christmas Rally on stoks and crypto.
On the visibility aspect, we have the most viewed event in the world, by far,
with half of the world population watching it.
The crypto that is the most related to Football is Chiliz and it will onboard new users on exchanges.
That's a twelve time the actual price, a 1200% performance.
Chiliz Analysis for Mid-TermHi all.
lets take a look at CHZ altcoin.
according to its growing platform and awsome plans for FIFA World Cup 2020 Qatar.
lets analyze it with Elliot waves:
CHZ starts an impulsive wave from 18 june 2020 and after end its 1st and 3rd wave
its near the end of wave 4th and will start the last 5th wave in coming days.
like you can see in my chart we are completing the B wave of 4th wave and it seems to be
a Zigzag(5-3-5).
after that wave C starts and according to bearish condition of the market i think wave 4th end in
0.16 level , a strong support level near 200MA and 100% level of fibo projection of wave A.
after we reach this level i think wave 5th starts and the target is 0.2280 or more.
if you take a position or purchase CHZ at spot market please dont forget to set a stoploss
below the support level.
wait for the end of wave C and after that you can enter this amazing altcoin.
hope all of you have good trades and protect your capitals.
thanks for reading my idea.
share me your opinion in comments and make me happy.
Wyckoff DistributionSo far it seems wyckoff distribution has filled out and is possibly awaiting a dump. Andean indicator shows the green uptrend has been pummeled and the downtrend has gotten above the MA line (orange) which may indicate a downtrend may come, from what i understand about this indicator.
Wyckoff DistributionCurrently wyckoff distribution on the 15min for CHZ is happening, not financial advice but if CHZ has followed this schematic, now may be the time to short as the shematic suggests. Volume has declining with this move up indicating weakness. Target is a 0.618 retracement from 16 cents to 24 cents.
CHZ grew by more than 15% yesterday and 7% today!CHZ grew by more than 15% yesterday and 7% today. After the price entered the corrective wave, we saw a positive reaction to the support levels of the floor of the medium-term bullish channel. After the pullback to the support range, this good rally occurred before the Bitcoin price declined. The resistance range of $0.236 to $0.270 is very important in continuing its mid-term and long-term trend because it is considered an important resistance in the daily time frame. Because if this area is broken, the price can even leave its long-term downward channel. For the short term, until the bottom of the ascending channel is broken and the market conditions remain favorable, we can expect more price growth from this currency.