$CHZ Huge Bullish PatternHuge long-term pattern on CHZ
CHZ is above the prices from 2020. That is a good indication because many projects went way below.
This represent strength and confidence in the project. Also closed many Weekly candles above the 50 EMA, and its trading above it for 5 weeks now.
CHZUST trade ideas
🔥 CHZ Massive Bull-Flag About To Break Out!After a massive ~250x during 2020-2021, CHZ has been slowing declining in value and lost nearly 95% of its gains at some point. During this low-volatility period, a huge bull-flag has appeared on the chart.
With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our stop close we can create a very decent R/R of around 25.
#CHZ Suspicious of the head and shoulders patternIn time H2, it is moving in an ascending channel, which forms a head and shoulder pattern with the formation of lower ceilings, which can enter the sell position if the low dynamic trigger is broken. Therefore, we should see a reverse candle in the resistance range. If the trigger breaks from above and stabilizes, this position will become invalid.
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CHZ/USDT 1W |👀The project is ambitious and full of promise. I anticipate substantial developments happening this year.
I'm holding onto my current investments! Therefore, we wait and watch... Buying long-term positions in the altcoin during downturns at better prices seems sensible, as such opportunities might not come around again.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Chiliz. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Chiliz #Investment #CHZ
CHZ/USDT Bullish Rebound from Key Support?👀Chiliz Analysis💎 Paradisers, let's zero in on #CHZUSDT, currently showcasing a promising pattern as it retests its major support, hinting at a potential bullish upswing.
💎 Looking back, #CHILIZ has aligned with our previous forecasts, touching the resistance near $0.12. Now, we're setting our sights on a likely bullish phase for CHZUSDT, starting from the support retest at $0.09689.
💎 As strategic traders, we consider all possible outcomes. Should #CHZ struggle to sustain its momentum at this critical support level, we're eyeing a bullish recovery from a lower support at $0.07072. However, a break below this level might trigger a notable decline.
CHZUSDT: Bullish Gartley Pattern on 2H ChartHello traders, I have spotted a bullish Gartley pattern on the 2H chart of CHZUSDT. This is a harmonic pattern that indicates a potential reversal of the downtrend.
Pattern Details
The Gartley pattern consists of five points: X, A, B, C, and D. The points must conform to specific Fibonacci ratios.
The pattern is valid if the following conditions are met:
Point B is a 61.8% retracement of XA
Point C is a 38.2% retracement of AB
Point D is a 78.6% retracement of XC
Point D is also a 127.2% extension of AB
As you can see, CHZUSDT meets all these criteria, forming a complete Gartley pattern.
Conclusion
The Gartley pattern is a reliable harmonic pattern that can help us identify reversal opportunities in the market. CHZUSDT has formed a bullish Gartley pattern on the 2H chart, suggesting a possible end of the downtrend. We can look for buy signals in the PRZ and aim for the Fibonacci retracement levels of AD as our profit targets.
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#CHZIn time h2, a medium-term ascending channel is moving, which can continue its growth up to the ceiling of the channel with the failure of the swing, which is also the midline of the channel. Therefore, with the support of the green box to continue the upward trend, it can rise to the red box area.