CHILIZ - CHZ/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CHZUSDT
ISIN:

CHILIZ - CHZ/USDT - Daily - Technical analysis published on 12/22/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.117000 USDT

My targets

0.109700 USDT (-1.97%)

0.087010 USDT (-22.24%)

My analysis

The bearish trend is currently very strong for CHILIZ - CHZ/USDT. As long as the price remains below the resistance at 0.117000 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.109700 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.087010 USDT as an objective. Crossing it would then enable sellers to target 0.013839 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHILIZ - CHZ/USDT price is 0.111900 USDT. On the day, this instrument gained +0.72% with the lowest point at 0.110200 USDT and the highest point at 0.112600 USDT. The deviation from the price is +1.54% for the low point and -0.62% for the high point.

0.110200

0.112600

0.111900

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHILIZ - CHZ/USDT:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHILIZ - CHZ/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.013839	0.087010	0.111900	0.117000	0.165620	0.184720
Change (%)	-87.63%	-22.24%	-	+4.56%	+48.01%	+65.08%
Change	-0.098061	-0.024890	-	+0.005100	+0.053720	+0.072820
Level	Minor	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.104133	0.106367	0.108733	0.110967	0.113333	0.115567	0.117933
Camarilla	0.109835	0.110257	0.110678	0.111100	0.111522	0.111943	0.112365
Woodie	0.104200	0.106400	0.108800	0.111000	0.113400	0.115600	0.118000
Fibonacci	0.106367	0.108124	0.109210	0.110967	0.112724	0.113810	0.115567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.066533	0.089667	0.104833	0.127967	0.143133	0.166267	0.181433
Camarilla	0.109468	0.112978	0.116489	0.120000	0.123511	0.127022	0.130533
Woodie	0.062550	0.087675	0.100850	0.125975	0.139150	0.164275	0.177450
Fibonacci	0.089667	0.104297	0.113336	0.127967	0.142597	0.151636	0.166267

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.039700	0.053700	0.109700	0.203100	0.259100	0.352500	0.408500
Camarilla	0.124615	0.138310	0.152005	0.165700	0.179395	0.193090	0.206785
Woodie	-0.058400	0.044350	0.091000	0.193750	0.240400	0.343150	0.389800
Fibonacci	0.053700	0.110771	0.146029	0.203100	0.260171	0.295429	0.352500

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	30.20
MACD (12,26,9):	-0.0186
Directional Movement:	-22.031175
AROON (14):	-78.571429
DEMA (21):	0.111397
Parabolic SAR (0,02-0,02-0,2):	0.122912
Elder Ray (13):	-0.014628
Super Trend (3,10):	0.142064
Zig ZAG (10):	0.112100
VORTEX (21):	0.7485
Stochastique (14,3,5):	13.70
TEMA (21):	0.105901
Williams %R (14):	-85.34
Chande Momentum Oscillator (20):	-0.037400
Repulse (5,40,3):	-3.3531
ROCnROLL:	2
TRIX (15,9):	-1.5183
Courbe Coppock:	51.41

MA7:	0.114543
MA20:	0.138165
MA50:	0.179426
MA100:	0.196649
MAexp7:	0.116979
MAexp20:	0.135814
MAexp50:	0.163347
MAexp100:	0.177645
Price / MA7:	-2.31%
Price / MA20:	-19.01%
Price / MA50:	-37.63%
Price / MA100:	-43.10%
Price / MAexp7:	-4.34%
Price / MAexp20:	-17.61%
Price / MAexp50:	-31.50%
Price / MAexp100:	-37.01%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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