In time H2, it is moving in an ascending channel, which forms a head and shoulder pattern with the formation of lower ceilings, which can enter the sell position if the low dynamic trigger is broken. Therefore, we should see a reverse candle in the resistance range. If the trigger breaks from above and stabilizes, this position will become invalid.
Please support...
My view and hold are in the downward direction.
Possible resistors are the blue lines I drew.
Not investment advice.
Let's watch and see, good luck.
Thank you.
BINANCE:CHZBUSD
Closing on reversal zone, strong historic resistance, expect closing of long. Some TP
Ongoing narrative re. World Cup - unlikely to outweigh downside market risk in near term - may result in crash and rebuild toward the game dates
Bullish impulses weakening for last two cycles. Expect one more push up - to gap zone then BOOM!
Enjoy
CHZ is going to retest the 0.255 and then a BIG dump is coming easily
they are just collecting liquidities for the short
Stop loss : 0.257-0.258
Target : Under 0.2
Look at my other opinions too ;-)
Trading Setup:
There is a Trading Signal to Sell in CHZUSDT Chiliz (Futures).
Traders can open their Sell Trades NOW
⬇️Sell now or sell on 0.247
⭕️SL @ 0.270
🔵TP1 @ 0.198
🔵TP2 @ 0.160
🔵TP3 @ 0.125
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked...
CHZUSDT Short Position - Anti Gartley Harmonic Bearish Pattern.
Entry: 0.13504
SL: 0.13984
TP on first Target then move SL to entry to avoid loss.
BTC also looks like to bounce down from 31500 to 30k. If BTC didn't bounce and continued to go up then this setup will be ruined.
Everything's on the chart, there is a clear uptrend going on which seems it has reached to the trendline and is ready to pullback, which gives us a small short opportunity if the support holds otherwise could go lower.
