🚧CHZUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
Chiliz token showing a bullish flag pattern and Head&Shoulder, and also testing descending resistance🧐
Breakout above could spark large upside move up to the $0.55 resistance zone🎯
❗ Note that if the Bullish Flag is broken down with the power of descending candles, our analysis will fail.
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Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Chiliz
CHZ NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that CHZ has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
We did follow before more coins, and these coin seems to have an increase of break in the coming time.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Testing the Support Levels• Following its price surge, Chiliz was unable to breach the resistance level of $0.11136.
• Currently, there is a possibility of testing the support levels at the 0.5 and 0 Fibonacci retracements.
(All analyses will be updated)
This analysis is informational, not financial advice.
Buy on 3-hit trendline(CHZ)📊Analysis by AhmadArz:
wait for hit to trendline.
🔍Entry: 0.1007
🛑Stop Loss: 0.0971
🎯Take Profit: 0.1042
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
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
Comment if you have any questions
Thank You
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⚠️
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.
CHZ: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $0.10. Stop Loss at $0.075. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.085 (previous resistance), then $0.060. The nearest Resistance Zone is $0.100, then $0.130.
CHZ: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $0.10. Stop Loss at $0.075. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
CHZ: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Upside potential to $0.10. Stop Loss at $0.075. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
CHZ: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Now it’s broken above $0.085 resistance area, where it got recently rejected, and could revisit $0.10 next. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
CHZ: Resistance BreakoutChiliz (CHZ) technical analysis:
Trade setup : Bullish break above $0.085 resistance signals continuation of uptrend with upside potential to $0.10 next. Previously, price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
CHZUSDT Inverse Head And Shoulder Pattern!CHZUSDT Technical Analysis Update.
CHZUSDT has formed an inverse head and shoulders pattern. Now, the price is breaking the neckline with good volume, suggesting a potential continuation of the bullish trend.
Buy zone : Below $0.0860
Stop loss : $0.077
Regards
Hexa
CHZ: Approaching ResistanceChiliz (CHZ) technical analysis:
Trade setup : Price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. It got overbought (RSI ~ 75) just as it reached $0.085 resistance and saw some profit taking around this level. Now we wait for price to either 1) break above $0.085, it would signal continuation of uptrend with upside potential to $0.10 thereafter, or
2) pull back near $0.06 support for a swing entry in Uptrend with upside potential back to $0.085. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
Chili (CHZ) Has to Cross Key Hurdles Before Reaching New HighsSince mid-October 2023, CHZ has registered a growth of 52%, yet it still has to climb an additional 110% to reach its annual high. This gap indicates room for further growth of the token. Currently, CHZ is nearing a resistance zone at $0.082-$0.086, which is the key hurdle before it can set new local highs.
For CHZ buyers, the forthcoming resistance levels to watch are $0.090 and $0.095. Chiliz's growth rate might increase after the price securely surpasses the $0.1 level, as there are no significant barriers beyond this point, given the asset's price hasn't been this high for a long time.
If CHZ undergoes a correction, its price could test the support zones at $0.075-$0.077, $0.0715-$0.073, $0.067, and $0.063. However, a potential decline in CHZ could be linked to a downturn in Bitcoin. Thus, due to the strong correlation between CHZ and BTC, it's recommended to first examine the Bitcoin chart before making any decisions.