CHZUST trade ideas
CHZ SHORT (Daily IDEA)chz had made a 3 drive pump meaning shorts will be good soon around 0.11
ive traded this market for 3 years and when shi is touching daily trendlines that usually means a trend reversal is near to take out that liquidity thats been building up. especially if its a 3 drive, usually that means a 10-20% correction is coming.
CHZ LOOK BULLISHIt is one of the surviving symbols. By keeping the green area, it can move towards TP. We have a big diametric that the price intends to complete the wave F, and to complete this wave, the price should go up to the $0.15-$0.17 channel.
For risk management, please don't forget stop loss and capital management
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CHZ: Navigating the Surges of Fan-Driven Crypto InnovationChiliz (CHZ) entered the cryptocurrency trading arena on March 12, 2021, via the OKX platform. Its inception brought forth a distinctive digital asset with a dual role. CHZ serves not only as a means of transaction but as the native currency for Socios.com , a platform empowering sports and entertainment fans through blockchain-based voting rights.
What sets CHZ apart is its innovative utility in connecting fans with their favorite teams. Through the Socios.com platform, users can engage in fan-driven decision-making, utilizing CHZ for transactions within the ecosystem. This dual-purpose functionality grants CHZ a unique position in the crypto market.
Navigating CHZ's Chart Trajectory
Initial Surge and Establishment of Key Levels:
CHZ debuted at $0.48820 and swiftly faced an 11% dip in its first three hours of trading before reaching an all-time high (ATH) of $0.95000.
Notable levels of interest were set at $0.43650, $0.56600, and $0.77050, acting as crucial support and resistance zones.
Long-Term Sell-Off and Corrective Move:
A substantial rally on April 16th, 2021, resulted in a 43% surge, failing to maintain the $0.77050 level, marking the onset of a prolonged sell-off.
A 70+% corrective impulsive move ensued, dropping from $0.56600 to $0.17125 in just 23 trading days.
Establishment of New Supportive Trend:
A major level formed at $0.25175, where buyers attempted to breach the prior resistance at $0.56600.
Exhaustion in the crypto market led to a decline to the next significant support at $0.10020, representing an 83% drop.
On July 13, 2022, a new supportive trend emerged, initiating a 151% rally over 141 days.
Consolidation and Rejection:
Despite the impressive rally, CHZ encountered resistance at $0.33055, printing a lower high and subsequently dropping 32% to $0.17125.
The established supportive trend was broken, leading to a further decline to $0.05455, a 45% drop.
Current Landscape and Bullish Signals:
Since January 10, 2024, buyers have dominated, pushing CHZ up by 31%.
Crucial levels for sustaining bullish momentum are $0.08460 (minor) and $0.10020 (major).
A breakout and hold of the long-standing downtrend are pivotal for confirming buyer control.
Confirmation Bias and Indicators:
On January 16, 2024, ROBO generated bullish signals (BUY4 & MOON), aligning with a persistent SUPER signal.
Trading above the 200 daily EMA for four days reinforces the bullish narrative, with the 50-day EMA above the 200, signaling a bullish bias.
The McGinley strip, acting as a dynamic support, remains above the 200 Day EMA, further reinforcing the bullish bias.
Looking Ahead: The Importance of the Coming Week:
The upcoming week holds significance in confirming the breakout of the current downtrend.
In the dynamic world of trading, reacting to price movements remains paramount over attempting predictions.
CHZ'S intricate journey and the current technical landscape underscore the importance of vigilance and adaptability in navigating the ever-evolving cryptocurrency market.
CZH Break out.#CHZ Technical Analysis and trade signal
FWB:CHZ a very clear break out, waiting for retest to enter in long trade,
long entry or spot buy will be good in the price range of 0.098$-0.102$
the target is 0.142$ you can book profit on several like 30%-50%-100%.
the stoploss should be at 0.88$.
CHZ/USDT Break the key supply area. Bullish Momentum for CHZ??💎 CHZ has been a standout in the cryptocurrency market recently. It has successfully broken out of the supply area, marked by substantial volume and a robust green candle. A daily candle closing above this supply area would confirm this breakout.
💎 Anticipation is high for the retesting phase; if successful, CHZ could continue, probability its upward trajectory toward the targeted resistance area.
💎 However, should CHZ fail to maintain its position above the demand area, previously the supply zone, it could signal a false breakout. This would likely result in a reversal of its upward momentum, leading to a decline back towards the strong demand area, potentially extending even further downward.
chz getting ready for massive bullish wave seems like chz has already bottomed out and finally getting ready for massive bullish rally
formed descending channel and approaching towards multi year descending trendline expecting massive breakout
incase of successful breakout expecting 3 to 4x bullish wave in midterm
Negative Wolfe wave pattern, RSI, MFI using TF2H on CHZ/USDTUsing TF2H on CHZ/USDT chart, in this method we used a Wolfe wave negative pattern with negative divergence in RSI and MFI, you may check out the ETA and EPA of this analysis as well as the TPs and SL. please share your thoughts on my analysis, your criticism is crucial to developing me in analysis. Thanks!
⚠️Disclaimer: this is not for real-money use but only made for educational purposes⚠️
⚡️CHZUSDT CMC TRADING ⚡️ ASCENDING TRIANGLECHZUSDT has established an ascending triangle pattern following a significant sell-off accompanied by market liquidations. Anticipation is for a bullish breakout within the formed triangle, potentially filling the Fair Value Gaps (FVGs) created during the sell-off. The projected bullish trend resulting from this breakout holds significance for the current and future price action of CHZUSDT.
CHZ/USDT Attempting supply breakout? 👀🚀CHZ Analysis💎Paradisers, focus on #CHZUSDT as it's currently trading in a demand zone and eyeing a break through a strong supply, setting the stage for a potential bullish breakout.
💎Recently, #Chiliz has adhered to a descending trendline and managed a break, testing a robust supply. Presently, with its position in the demand zone at $0.08439, should it maintain its momentum, there's a high probability of breaking through this supply barrier, aiming for higher targets.
💎 Yet, in the unpredictable crypto market, flexibility in strategy is key. If #CHZ fails to surpass the $0.09469 supply zone and loses strength in the current demand zone, a shift in approach might be needed.
💎 This could mean preparing for a bullish resurgence from a lower support level at $0.07660. Keeping a vigilant eye is crucial, as a drop below this support could signal a lean towards a bearish trend. 🌴💰.
CHZUSDT Upside Momentum Towards Key Fibonacci MarkerCHZUSDT recently breached a crucial resistance, now serving as a demand zone.
The respected uptrend trendline and this breakthrough validate the ongoing uptrend.
The signs indicate a potential extension of this significant uptrend, possibly propelling the price towards the $0.146 level, marking a 38.2% Fibonacci resistance.
CHZ/USDT Bullish Horizons from Key Support? 👀🚀CHZToday Analysi💎 Paradisers, let's turn our attention to CHZUSDT as it exhibits a promising setup. Currently anchored at a crucial support level, it is signaling a potential bullish trajectory.
💎 Examining #Chiliz's recent performance, it has effectively broken above a descending channel and is now maintaining its stance above the key support level of $0.08354. Should CHZ continue to exhibit strong momentum above this level, we could see it aiming for the higher resistance at $0.09488, indicating a strong bullish inclination.
💎 Nonetheless, it's always wise for sagacious traders to have a contingency plan. If #CHZ fails to hold above the $0.08354 support, a shift to Plan B might be necessary. This would involve focusing on a bullish recovery from a lower support level at $0.08149. Importantly, should CHZ fall below this secondary support level, it could signify the beginning of a steeper downward trend.