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Chiliz (CHZ) – July 20 for BINANCE:CHZUSD by readCrypto

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( CHZUSD 1W Chart)

It should move above the 0.28242521 point to continue the uptrend.

(1D chart)

It remains to be seen if the 0.18612834-0.24642812 zone can find support and move up.

If the price breaks out of the downtrend line and maintains the range of 0.24642812-0.36703768, the uptrend is expected to continue.

If it declines from the 0.18612834 point, there is a possibility of entering the mid- to long-term investment area, so you need to trade cautiously.

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( CHZBTC 1W Chart)

The support section is weak due to the sudden rise.
Accordingly, it is important to keep the price above the 615 Satoshi point.

(1D chart)

We need to see if we can break out of the downtrend line while maintaining the price in the 659 Satoshi-863 Satoshi section.

To continue the uptrend, it must rise above the 966 Satoshi point.

If it falls in the 615 satoshi-659 satoshi section, it can touch the 352 satoshi-455 satoshi section, so Stop Loss is required to preserve profit and loss.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.

However, for the sake of convenience, we are talking about the indicators in reverse.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations shown in charts

R: A point or section of resistance that requires a response to preserve profits.

S-L : Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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