Market Shift: Chiliz ($CHZ )
Bullish Reversal Confirmed? 🚀
The bearish structure for $CHZ is officially under pressure! Looking at the daily and 4H timeframes, we’ve seen a clear CHoCH (Change of Character) followed by a solid BOS (Break of Structure) to the upside. This is a classic signal that the "Smart Money" is shifting sentiment from sell-side to buy-side for Chiliz.
Technical Breakdown:
✅ Accumulation Phase: The price formed a strong base after sweeping liquidity at the "Strong Low" area near $0.030.
✅ Resistance Flip: We are currently testing a crucial grey resistance zone. A 4H candle close above this level ($0.043) will likely trigger a massive rally for $CHZ.
✅ Volume Confirmation: Bullish volume is picking up, showing that buyers are stepping in at every minor dip.
The Game Plan:
📍 Immediate Target: $0.057 (First Supply Zone)
📍 Final Target: $0.064 (Major Resistance/Weak High)
❌ Invalidation: If we break back below the recent higher low at $0.035.
I’m personally keeping a close eye on the retest of the EMA levels for a high-probability entry on Chiliz. Patience is key—don't chase the pump, wait for the confirmation!
What’s your take on $CHZ
Is the bottom finally in? Let’s discuss in the comments! 👇
#TradingAnalysis #Chiliz #CHZ #BinanceSquare #SmartMoneyConcepts