CHZ 1D Several possible scenarios for the coming months

8 oct 2021

In fact, on the chart of CHZUSDT from March 15 and so far continues the process of sales and new purchases. That is, the process of redistribution of CHZ asset between buyers and sellers in consolidation has been going on for 7 months.

Now we see on the chart that the price of CHZUSD has stopped again under the strong mirror level of $0.375.

From this point we consider that there are 3 real scenarios, and we will describe them below, and they should be watched carefully:
1) Green — the most positive, the maximum possible correction in the area of $0.275-0.30 and further growth with the target of $0.87.
2) Yellow — the critical point of correction for continuation of up-trend in the near future, there, is about $0.19. The price retention above this level may be delayed in the time frame, but the prospects for the possible growth will grow to the area of $1.50-1.70
3) Red — fixing of the price below $0.19 will open the way for the continuation of the fall to the lower border of the channel, which is near $0.08

Given that the forecast for Chiliz price movement in the future covers a long time horizon, it is difficult to say which scenario is most likely. We recommend reading carefully the conditions of scenario fulfillment and to adhere to them, if you believe in such possibility of events development.
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8 nov 2021

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