CHZUSDT.P trade ideas
ChillizNice consolidation above VA( Volume profile ) with price above anchored VWAP of 19th May selloff...
Price is well above crucial moving averages.21dma,50dma
Volatility Contraction as well
CHZ-USDTCHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming days. At the time of writing, CHZ is trading at $0.33.
On the higher side, the immediate hurdle is presented by the upper band of the channel which is at $0.36, if it closed above this level on a daily basis, the next potential target would be $0.42, followed by the next major resistance at $0.52.
On the lower side, the nearest support is present at $0.30, if it breaches this support, the next support is presented by the middle band of the channel which is placed at 0.27 followed by the next major support at $0.24.
On a larger TF, CHZ is trading in a descending channel formation with major resistance at $0.40, CHZ will have to sustain above this level which will act as a confirmation of the Trend Reversal.
CHZUSDT analysisChiliz in 1H time frame forms a Head and shoulder pattern . If it breaks its neckline near 0.32000 it can fall till the below trend line
Chiliz - A new way to bet in sports?Chiliz is facing a consolidation after a big breakout. A typical flag and poll pattern is observed. Looking at the combination of Bollinger band and fib retracement, a good buy zone is seen. Looks good buying at the zone.
Chz updateDont sell your chz until a candle closes below that black dotted line.
Add more if chz falls and closes above the dotted line and green hofizontal line.
CHZ 0.54 for 0.90 with NinjaMoku NinjaMoku is a trend following system based on ichimoku , enabling us to take right entry & exits at decisive points in the trend.
Entry at 0.54
Head and shoulder formation sign for bearish trend Head and shoulder formation sign for bearish trend
Target - 7100
