Trading opportunity for CHZUSDT ChilizBased on technical factors there is a Short position in :
📊 CHZUSDT Chiliz
🔴 Short Now 0.2688
🧯 Stop loss 0.2910
🏹 Target 1 0.2500
🏹 Target 2 0.2210
🏹 Target 3 0.1800
💸Capital : 1%
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CHZUST trade ideas
CHZ 4h 22-sepCHZ is at a resistance zone from previous high. Trying to break that resistance but volume is diminishing, so I think it not going to make it. Also BTC and equities are down because of strong dollar
I'm entering a short position:
- Price at resistance zone
- High volumen but diminishing. So upward movement losing strength
- Entry point at 0.2466
- SL 1 ATR above local high at 0.2705
- TP at 0.1345, where is a support zone (resistance turn support) from june
Chiliz heats upCHZ 4hr shows a 90% capitulation bottoming of the cooling off from its parabolic move which peaked at around 0.95 in March 2021 Still at a nice discount price is at local resistance and will need to breakout here to confirm further momentum With the successful chain 2.0 Scoville testnet well underway a growing user base and partners lining up for the incoming benefits of Chain 2.0 we have been scale entry buying into CHZ A breakout here at the 0.25 area could see a nice move upward into the next resistance 0.40 with next target area 0.60 then 0.90 over the next few of months
CHZUSDt is creating a rising WedgeThe price is creatign a rising wedge above the daily resistance (0.22$ area)
and now the market is trying to hold the support.
Hot to approach it?
IF the price is going to have a breakout from the rising wedge and daily support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
CHZUSDT 1DCHILIZ (CHZ) is now trading on its LTA (Uptrend Line) that started on 9/15/2022. Since September 15, the upward price movement has followed an aggressive bullish line, even with the high volatility of BTC. A large volume contributes to this high. This bullish rally has started since CHILIz made an announcement that it will stop using the ethereum blockchain to allocate its fungible and non-fungible tokens to its own CHZ 2.0 blochachain. And it will start its stake with the Cayene update.
Its key support levels are $0.2327 and $0.2123, and resistance levels are $0.2468 and $0.2602.
CHZ/USDT is forming a nice setupHey, traders
CHZ is another coin that we have been looking at and we see a small pullback possibility for this coin with a confirmation from Double Top pattern. We would enter this trade once we get confirmation of breaking down from that zone (Current one).
This looks great setup for us and we will take actions only once we get confirmation of our direction!
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
CHZ - 1H Bearish DivergenceCHZ has been on the rise in the past couple of days before reaching its peak price point of ~0.26. Momentum has been fading together with volume and recently a bearish divergence seems to have surfaced on the RSI and MACD indicators. It would be likely to see a short term price retracement from the lows in area 0.23.
Will try a very risk and short term short, eying 1-3% gain.
CHZ is going for recovery
As you see these days, CHZ was stongly Green while market was Red ! Fundumentaly it may be becaues World cup cooming soon and CHZ is most important sport token. But technicaly, I belive it needs to go rest if wants continue up. CHZ is at the top of daily timeframe and will go down soon for correction.
This is just my idea. Do your own research send me your comments.