CHZUSDT
CHZ quick retestSo, today 06.11.2023 probably there will be an inverse hammer at the top of the trend.
The RSI showns bearish signals because both lines are above the 80%.
The resistance is around the top of the ichimoku cloud. if it goes below, certainly will go to the lower line of ichimoku.
Probably within 2 weeks the price of chz will decrease or remain stable and then a huge bullish trend expected, but first of all wait for the rsi and the cloud.
Share your idea, and please note that these analysis are only for myself to check my thinking at that period.
#CHZ - still good price to buy#CHZ
It has a lot of interesting and strong resistance levels, that after breaking them can stand as a good support level.
I have been writing about this coin since November 10. And in this TA I decided to write more detailed analysis.
I expect that the coin will pump near days and will reach the target at 0.12$ (n.1) that you can see on the chart.
After that important to see to the coin’s strength, if the price is pushed hard, then probably it will continue its uptrend to another target at 0.1521 - 0.1614$, where we will definitely see bear reaction (n.2)
If the uptrend is weak, then we may see the correction already at 0.12$ where the retest of 0.10145$ level is OK for the Bull continuation. (N.3)
If the coin comes to the targets I was mentioning about above, or 0.1521 - 0.1614$ and it starts to consolidate there, then high probably that the coin will continue its bullish trend to other higher targets at 0.2116 - 0.24$ (n.4)
This bullish trend invalidates, if we see that the coin is loosing its support at 0.1521$ in this case it may come to the lower targets. (N.5)
All other important levels you can see on the chart
CHZ Chiliz Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is CHZ.
I've set a short-term price target for CHZ Chiliz at $0.055.
Looking forward to read your opinion about it!
CHZ/USDT Secondary trendLogarithm. Time frame 3 days. Secondary trend. Downward channel.
After the rebound, the price is squeezed in a narrow 124-144 zone. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.
Risk Management.
It is worth noting that the price of the coin is at a super profit, I have clearly shown this on the chart, which shows the entire main, long-term trend (the entire trading history). Consequently, when working on a coin, you need to keep this in mind and limit potential losses. Observe the risk management.
A local trend. The time frame is 1 day.
CHZ/USD Local trade. Pivot zone.
Main trend Time frame 1 week.
CHZ/USDT bullish ride? 👀 🚀 CHZ Today analysis💎 Paradisers, prepare for a promising opportunity with CHZUSDT, as it has recently transformed resistance into support, indicating a strong likelihood of a bullish trajectory.
💎CHZ has consistently followed a descending channel, breaking above it to initiate an upward trend. After surpassing the resistance level at .6515, it successfully captured buying interest, further breaking through the second resistance level at .7497. Currently, this second resistance level has evolved into a support zone, enhancing the probability of a continued bullish movement.
💎 Should the price fail to honor the current support level at .7497, we anticipate a bullish strategy from the demand level. A breach below this point could lead to a significant drop towards the next support level. This scenario underscores the importance of staying alert and responsive to market dynamics.
💎 A key milestone to watch for is the breach of the third resistance level at .8464. Such a development would likely signal the commencement of the next bullish phase, presenting a strategic opportunity for market participants. As always, vigilance and timely action are crucial in navigating these market shifts.
CHZ creating a momentumCHZ is creating momentum on 4hrs and 1hrs TF as keep breaking structure to the upside…. Also, CHZ is one of the coin that mostly pump during weekend because is easy to manipulate…. Is good to take at CMP or wait for retest for the 1hr bullish OB below and use the indicated price in the chart as target
Follow for more market update
CHZ/USD (Chiliz) Longterm Analysis CHZ/USD (Chiliz) Longterm Analysis
We see that 959 days have passed since the peak. this is quite a long time. we are in a parallel channel. i think it will make an upward attack with the market movement in the near future. the rsi level also confirms this.
the red line is a very important support
>>You can easily see the levels on the chart. <<
Now the upward breakout is a matter of time on the weekly chart.
>>In the rally towards the end of 2024, I think that mana will be strongly accompanied. I think it will exceed the old ath level.
CHZ/BTC 1w
finally chz breaking falling wedge seems like chz has already bottomed and preparing for solid recovery
in downtrend from long time now getting life formed and breaking falling wedger in 2 days and expecting breakout soon
and incase of successful breakout expecting 120 to 140% bullish rally in coming days
CHZ/USD Local trade. Pivot zone.Logarithm. Time frame 1 day. Local trend. The reversal zone (price squeezed) in the descending channel.
After the rebound, the price is squeezed in a narrow zone of 124-144. The chart shows the percentages to the key support/resistance levels from this price squeeze zone.
Risk management.
It's worth noting that the price of the coin is at a super profit, I've clearly shown this on the chart, which shows the entire main, long-term trend (the entire trading history). Consequently, when working on a coin, you need to keep this in mind and limit potential losses. Observe the risk management.
Secondary trend. Time frame 3 days.
CHZ/USDT Secondary trend
CHZUSDT Bulls Gain Momentum with Downtrend Breakout💎Almost two weeks ago, #CHZUSDT experienced a confirmed daily break above the long-term downtrend trendline, signaling a potential weakening of bearish dominance. Following the breakout, the price retraced and recently found clean rejection at the bottom of the ascending channel.
💎Now, our attention is drawn to the nearest and crucial support level at $0.072. It is essential to closely monitor the price action around this level. A daily break below this support could lead to bears regaining control of the market. However, until such a break occurs, the probability favors a strong upside move, with the nearest long-term Fibonacci resistance lying 57% above the recent low.
💎Despite the potential for an uptrend, it's important to exercise extra caution due to the exceptionally low crypto trading volume at this stage. These market conditions can make the market susceptible to manipulation. As such, MCP team remain vigilant and prepared to take action, whether #CHZ breaks below the support or continues its uptrend.
CHZ (Chiliz) Token Analysis 13/04/2021initial Analysis where we had our initial Token Purchase and opened Derivatives Contracts where we Achieved our Targets.
www.tradingview.com
Fundamentals:
Chiliz is one of the largest blockchains for esports and gaming crowdfunding. Officially launched in 2019, the idea for Chiliz and the platform Socios.com were initially conceived in 2016. Chiliz is a token designed to allow fans to support their favorite sports teams through blockchain-based interactions.
The Socios.com platform also aims to allow fans to buy tokenized voting rights for the teams they support. Football club Juventus was the first to launch a team token through the Socios.com website. Since then, more than a hundred different teams have joined the platform. Chilliz has attracted the attention of competitors from a wide array of sports, including football, basketball, and esports teams.
Chiliz and Socios.com claim to be the first platforms to build a bridge between blockchain technology and the sports world. By issuing blockchain-based tokens, Chiliz ensures that fans have their investment secure and protected while participating from anywhere in the world.
Chiliz and Socios.com allow sports fans to participate in the management of their favorite teams. By buying fan tokens, users secure voting rights and participate in votes announced by the teams on Socios.com. This further boosts the decentralization features offered by the Chiliz blockchain.
The Chiliz blockchain relies on a proof-of-authority (PoA) side chain consensus mechanism for security. Unlike proof-of-work (PoW) and proof-of-stake (PoS), PoA relies on the reputability of already established validators for the creation of new blocks.
To make transaction processing as fast as possible, the PoA consensus relies on a Byzantine Fault Tolerance (BFT) algorithm with identity as a stake. It is more cost-effective than the PoW consensus in terms of electrical and computing power consumption.
Alexandre Dreyfus is the founder and CEO of both Chiliz and Socios.com. His professional portfolio includes numerous CEO positions. Dreyfus has also founded Webcity, a city tour-guide platform used across Europe. He has played a founding role in the creation of Winamax, the first-ever French online poker platform. Alexandre Dreyfus graduated from Lycee Jean Perrin in 1995.
Emma Diskin is the chief operating officer at Chiliz. She has been with the company since 2018 and has moved up the ranks, starting with a communications director position. Her professional career began as an account manager for Freud Communications in 1999. Since then, she has been an employee for brands like the Daily Mail and ITV, before joining Chiliz and Socios.com.
Max Rabinovitch is the chief strategy officer for Chilliz and Socios.com. He graduated in fine arts and psychology from the University of Colorado Boulder in 2008. Rabinovitch’s professional experience began as a head copywriter for Intersog in 2010. A year later, he became the creative director for ComboApp Inc. Since 2014, Rabinovitch has been an integral part of the Chiliz team.
Chiliz (CHZ) has a total and maximum supply of 8,888,888,888 tokens. The circulating supply as of March 2021 is about 5,441,098,420 CHZ tokens.
Of the total CHZ token supply, 34.5% were distributed through a pre-sale event and additional token sales. Another 20% of tokens were set aside as a userbase reserve, dedicated for future users of the Socios.com platform. Around a sixth of all tokens were directed towards strategic acquisitions. About 7.5% of CHZ tokens were given as an incentive to seed investors. Finally, 5% of tokens were given as a reward to the team and 3% were distributed among the advisors of the project.
The live Chiliz price today is $0.511672 USD with a 24-hour trading volume of $1,123,683,811 USD. Chiliz is up 8.87% in the last 24 hours. The current CoinMarketCap ranking is #45, with a live market cap of $2,858,383,305 USD.
Technical Analysis:
As you can see the price has done its Initialization and accumulation followed by a big impulsive cycle and retracement to the Fibonacci Retracement Gulden Zone.
Currently is Consolidating and reaccumulating at the Fibonacci Golden Zone.
There are possibilities that the price fall to the Support area before Starting the Second Impulsive cycle to the higher Levels.
There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive wave where as the 3 TP gets its confirmation as the 2 TP gets triggered followed by some Price Correction and Reaccumulation.
Sentimental Analysis:
as we have seen the aggressive behavior of this Token, followed by its Inclination towards the Proper retracement and settling for reaccumulation and the Strong Fundamentals and Daily Increasing its Market Cap, we can feel a very Bullish Sentiment around this Token
CHZ long setupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICHZ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
In Downtrend Channel | Short BiasWeekly Chart
Chiliz ( BINANCE:CHZUSDT ) has broken down the support level ($0.0811) and closed below that level. That red candle shows strong selling pressure with RSI Oversold.
I expect CHZ will down more leg to around $0.04
Chart 4H TF
Chiliz's in triangle pattern. If price can breakout, CHZ can retest Previous Ascending Trend Line.
Wait and see
CHZ Update (1D) UpdateHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CHZ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You