Sep 8, 2022
CHZ (Chiliz) - price analysis, chart patterns, technical indicators, new, description…
Technical analysis for CHZ:
Trade setup: Bullish breakout from Descending Triangle was followed by break above several resistance levels ($0.13, $0.16, $0.20, $0.23) with big volumes, signaling trend reversal. Pullback near $0.16 could be a swing entry point. Fibonacci levels are $0.12 (78.6%) and $0.15 (61.80%). (set a price) alert. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC.
Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentumis Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume):is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance:Nearest Support Zone is $0.20, which it broke, then $0.16. The nearest Resistance Zone is $0.23, then $0.27, and $0.33.
Chart pattern: CHZ / USDT
Profit potential (Buy) +20.29%
Channel Down identified at Sep 8, 0:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.2267 within the next 4 days.
Technical indicators:
What is CHZ?
Chiliz (CHZ) is a cryptocurrency used in the sports and entertainment industries that powers Socios.com, the first blockchain-based fan engagement and rewards network. Fans have the option to take part in club-focused surveys and polls, vote in them, and buy and exchange branded Fan Tokens. A blockchain environment designed for sports and entertainment is what Chiliz wants to promote.
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