CHZUST trade ideas
RLinda ! CHZUSDT-> Breakdown or rebound? Chiliz/Tether in terms of technical analysis is preparing for a bounce down to test the supports, below which the key liquidity zones are located.
On the global chart, we see the price rising to 0.2822, which could be considered as a trend change, but the price only makes a false-break at 0.2650, after which the global technical pullback finishes with the updating of the global lows.
Globally, the market is neutral, there are no clear signs of bears or bulls domination, because the price is in a sideways range between 0.3500 - 0.1500
Locally (on the main chart), we see the formation of the price channel, which coincides with the direction of the global trend
The price is testing the resistance zone and forming a consolidation under the level. In the long term I expect fall to the levels of 0.1741 and 0.1629.
But it is also worth considering a break-up of the channel upwards, in which case growth to the resistance level of 0.2122-0.2222 should be expected.
Regards R.Linda!
🔥CHZUSDT SHORT TERM UPDATE!!🔥Check out the trade plan for CHZ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CHZUSDT Short-term trade plan on 30 mins timeframe inside the channel and support formed.
Chiliz 🌶 : Bullish or ... ? Let's See! If the price can consolidates above 18 cents, we can expect a Bullish scenario! Otherwise, the next appealing range for buying is 12 to 14 cents!
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.14.2022
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CHZ/USDT Looking for sellers liquidity 👓Chilliz has been on a nice uptrend recently, all good things must come to an end. The price has broken the daily ascending trendline and price looks like is going to retest the resistance, hunt some liquidity and drop to previous support. I will look for a short entry if price goes according to my strategy.
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CHZ will bounce?Hi all,
I would like to have an update on CHZ.
We can see that CHZ is moving in a rising wedge. At the moment, the prices are at the lower trendline and the EMA 50D supports, after falling from $0.283. The trading volume continues to decline which indicate that the selling pressure has been almost dissipated.
For these reasons, here below is a LONG setup proposal:
Entry: Around the actual price (or waiting for a bullish 1D candle for a safer trade)
SL: $0.1975
Invalidation: 1D candle closing below the support trendline.
CHZ forecastFour-hour H&S top:
After the price fell below the neckline, it tested the support price 0.2109 three times and did not fall below it, forming a box with EMA200.
If the price can break through EMA200 and 0.2307, CHZ has a chance to come to 0.2496, which is also the resistance price near 0.2505 (0.618).
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Daily chart:
If CHZ breaks through 0.2496, there is a chance to challenge the previous high of 0.2826 and a cup handle pattern will appear.
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The target price after falling below the box:
0.1986
0.1788
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