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Chiliz (CHZ) – July 5 for BINANCE:CHZUSD by readCrypto

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( CHZUSD 1W Chart)

If the price is maintained above the 0.28242521 point, we expect the uptrend to continue.

(1D chart)

If the price is maintained in the 0.24642812-0.36702768 range, it is expected to turn into an uptrend.

However, we expect the uptrend to accelerate only when it deviates from the downtrend line.

If it falls in the 0.12430757-0.16268340 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.

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( CHZBTC 1W Chart)

After the surge, the support section is still weak, so you need to trade cautiously.

If the price holds above the 615 Satoshi point, it is expected to continue the upward trend.

However, I believe that the uptrend can only be accelerated when it deviates from the downtrend line.

(1D chart)

If the price is maintained in the 659 satoshi-863 satoshi range, it is expected to turn into an upward trend.

However, the uptrend is expected to accelerate only when it deviates from the downtrend line.

If it falls from the 615 satoshi point, it can touch the 352 satoshi-455 satoshi section, so you need to trade carefully.

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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 with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** 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.

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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