It’s Chiliz Time!!Great breakout on weekly TF, one can build a position above the trend line.
[ b]Not a Buy/Sell Recommendation, pls DYOR ALWAYS
Chiliz
Very Bullish after break out the Bullish Flag | Long BiasOn week chart
Do you see what I see? A BULLISH FLAG
Yes, I'm telling about the big bullish for this cycle as for BINANCE:CHZUSDT
This cycle, AI Trend's coins most of them x10 fund.
How's about CHZ in this cycle? Can be x5 fund
CHZ has good buying zone around 0.1
Time will tell
CHZ/USD: Yearly Overview The technical analysis suggests that Chiliz (CHZ) has performed quite well considering the overall market conditions since the past quarter. The YTD return for the sports engagement coin is down by -30.00% whereas its indirect competitors including Gala Network and Ejin Coin are almost down by 80%. This also suggests that CHZ has better price sustainability throughout the year till the time of writing.
On price action, CHZ is currently facing strong resistance above 0.382 FIB level while maintaining strong sustainability above 0.236 FIB level over the past month. One of the surprising takeaways amid bearish sentiment is that moving averages are strongly hinting at a positive momentum. MA-50 had a golden crossover against both MA-100 and MA-200.
The RSI level also recovered from the downfall as it was residing in the overbought region a couple of times before. But the level has maintained strong sustainability above 50 which suggests that positive sentiment is present for the coin.
With the fundamental aspects of Chiliz looking optimistic, the least we can expect from the coin is to have certain price sustainability amid volatile market conditions. The upcoming engagements events including FIFA World Cup and many other league championships can result in greater engagement within the whole ecosystem of Chiliz.
If considering investment opportunities, important price levels that can be considered are as follows:
Resistance: $0.24 and $0.26
Support: $0.17 and $0.15
CHZ looks bullish short term, 50%+ Growth Potential!The Chiliz token, abbreviated CHZ, is a digital currency used on sports and entertainment platforms. It is a utility token that originated on the Ethereum blockchain and has since become the official cryptocurrency of the Socios.com platform.
The primary characteristics of CHZ
1)CHZ is required to participate in Fan Token Offerings and Locker Rooms (the initial sale of Fan Tokens).
2)Fan Tokens' goal is to be fan-centric, allowing viewers to become active contributors to their favourite sports teams.
Price analysis:
From the $0.16 bottom support, the Chiliz (CHZ) recovery rally has gained 45 percent. During the rally, the bulls broke through two significant resistance levels of $0.198 and $0.24.
Bullish Scenario: CHZ is trading above the $0.21 support level. If it remains above this zone and the $0.27 resistance level is broken, we could see a move towards $0.31, $0.36 and $$0.42.
Bearish Scenario: Since a few weeks, CHZ has been in a downtrend channel on a higher time like daily, weekly, monthly so we are not out of the bearish territory completely and failure to hold the support at $0.21 could lead to a drop to $0.15, $0.08, and lower.
Trading Signal For CHZUSDTTrading Signal:
A Trading Signal is seen in the CHZUSDT Chiliz
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.235
⭕️SL: Close Below 0.219
🔵TP1 @ 0.277
🔵TP2 @ 0.339
🔵TP3 @ 0.434
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