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CHZ

CHZUSDT : Can It Overcome Resistance for a Major Rally?💎 Paradisers, #CHZUSDT has formed an inverse head and shoulders pattern, increasing the probability of a bullish move. 💎 The #CHZ is also showing a bullish market structure. If it breaks out above the resistance zone and closes a candle above it, this will validate the inverse head and shoulders pattern and could propel the price towards our resistance levels. 💎 In the case of a pullback, we can expect a bounce from the demand level, but entries here could be riskier. Therefore, it's better to look for A+ setups on lower timeframes for confirmation. 💎 However, if the price closes a candle below the demand level, it will invalidate the pattern and our bullish outlook. In that scenario, it would be better to reassess the market conditions. MyCryptoParadise iFeel the success🌴
Editors' picks
Long
by MyCryptoParadise_Nathan
4
CHZ/USDT Triangle Teases Explosive Move - Get Ready!💎 Paradisers, take a moment to observe CHZ/USDT. On the 1-hour chart, it's sketching out a triangle pattern. Currently, it's hovering beneath the resistance and demand zone ranging from 0.0766 to 0.0755. Notably, the resistance is reinforced by the 200 EMA, which could exert downward pressure on the price. Extended consolidation often leads to a more pronounced move in the eventual breakout or breakdown direction. This is because during such phases, retail traders often accumulate positions and overtrade, placing their stop losses close to the resistance and demand zones. This dynamic can amplify the move post-breakout or breakdown. 💎 If CHZ/USDT manages to surge past the 0.0766 resistance, we might set our sights on targets at 0.0771 and further to 0.0780. On the flip side, a bearish scenario would require a breach below the 0.0755 demand zone. Should this level be compromised, we could anticipate a move towards the next demand zone at 0.0745. Stay vigilant and strategize wisely, ParadiseSquad!
by MyCryptoParadise_Nathan
CHZ looks bullish short term, 50%+ Growth Potential!The Chiliz token, abbreviated CHZ, is a digital currency used on sports and entertainment platforms. It is a utility token that originated on the Ethereum blockchain and has since become the official cryptocurrency of the Socios.com platform. The primary characteristics of CHZ 1)CHZ is required to participate in Fan Token Offerings and Locker Rooms (the initial sale of Fan Tokens). 2)Fan Tokens' goal is to be fan-centric, allowing viewers to become active contributors to their favourite sports teams. Price analysis: From the $0.16 bottom support, the Chiliz (CHZ) recovery rally has gained 45 percent. During the rally, the bulls broke through two significant resistance levels of $0.198 and $0.24. Bullish Scenario: CHZ is trading above the $0.21 support level. If it remains above this zone and the $0.27 resistance level is broken, we could see a move towards $0.31, $0.36 and $$0.42. Bearish Scenario: Since a few weeks, CHZ has been in a downtrend channel on a higher time like daily, weekly, monthly so we are not out of the bearish territory completely and failure to hold the support at $0.21 could lead to a drop to $0.15, $0.08, and lower.
Long
by AltcoinBuzzTrading