CHILIZ - CHZ/USDT - Weekly - Technical analysis published on 02/21/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 0.182767 USDT
My targets
0.104433 USDT (-25.35%)
0.087010 USDT (-37.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHILIZ - CHZ/USDT as long as the price remains well below 0.182767 USDT. The sellers' bearish objective is set at 0.104433 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.087010 USDT. In case of crossing, the next objective would be the support located at 0.013799 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by domdufour. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHILIZ - CHZ/USDT rating 0.139900 USDT. The price is lower by -2.17% over the 5 days and has been traded over the last 5 days between 0.133600 USDT and 0.147000 USDT. This implies that the 5 day price is +4.72% from its lowest point and -4.83% from its highest point.0.133600
0.147000
0.139900
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of CHILIZ - CHZ/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Weekly
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.013799 | 0.087010 | 0.139900 | 0.274080 | 0.447300 | 0.564700 |
| Change (%) | -90.14% | -37.81% | - | +95.91% | +219.73% | +303.65% |
| Change | -0.126101 | -0.052890 | - | +0.134180 | +0.307400 | +0.424800 |
| Level | Minor | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130033 | 0.133867 | 0.139733 | 0.143567 | 0.149433 | 0.153267 | 0.159133 |
| Camarilla | 0.142933 | 0.143822 | 0.144711 | 0.145600 | 0.146489 | 0.147378 | 0.148268 |
| Woodie | 0.131050 | 0.134375 | 0.140750 | 0.144075 | 0.150450 | 0.153775 | 0.160150 |
| Fibonacci | 0.133867 | 0.137572 | 0.139861 | 0.143567 | 0.147272 | 0.149561 | 0.153267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.109367 | 0.117233 | 0.128767 | 0.136633 | 0.148167 | 0.156033 | 0.167567 |
| Camarilla | 0.134965 | 0.136743 | 0.138522 | 0.140300 | 0.142078 | 0.143857 | 0.145635 |
| Woodie | 0.111200 | 0.118150 | 0.130600 | 0.137550 | 0.150000 | 0.156950 | 0.169400 |
| Fibonacci | 0.117233 | 0.124644 | 0.129223 | 0.136633 | 0.144044 | 0.148623 | 0.156033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050833 | 0.075567 | 0.104433 | 0.129167 | 0.158033 | 0.182767 | 0.211633 |
| Camarilla | 0.118560 | 0.123473 | 0.128387 | 0.133300 | 0.138213 | 0.143127 | 0.148040 |
| Woodie | 0.052900 | 0.076600 | 0.106500 | 0.130200 | 0.160100 | 0.183800 | 0.213700 |
| Fibonacci | 0.075567 | 0.096042 | 0.108692 | 0.129167 | 0.149642 | 0.162292 | 0.182767 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.46 | |
| MACD (12,26,9): | -0.0139 | |
| Directional Movement: | 6.356582 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.133062 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.178500 | |
| Elder Ray (13): | -0.000922 | |
| Super Trend (3,10): | 0.230281 | |
| Zig ZAG (10): | 0.139700 | |
| VORTEX (21): | 0.9038 | |
| Stochastique (14,3,5): | 27.71 | |
| TEMA (21): | 0.129522 | |
| Williams %R (14): | -59.47 | |
| Chande Momentum Oscillator (20): | -0.027300 | |
| Repulse (5,40,3): | -6.1621 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0255 | |
| Courbe Coppock: | 60.77 |
| MA7: | 0.140557 | |
| MA20: | 0.141045 | |
| MA50: | 0.133298 | |
| MA100: | 0.142558 | |
| MAexp7: | 0.138005 | |
| MAexp20: | 0.150737 | |
| MAexp50: | 0.174362 | |
| MAexp100: | 0.172251 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | +4.95% | |
| Price / MA100: | -1.86% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | -7.19% | |
| Price / MAexp50: | -19.76% | |
| Price / MAexp100: | -18.78% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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