CHZUSDTCHZUSDT is in under strong sell pressure. recently the instrument has broken strong support zone and now testing the broken zone. as it is also getting sell pressure from 100EMA , seems like pair is getting ready for another sell off.
CHZUST trade ideas
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.
CHZUSD ❕ low volatilityRSI is near neutral values.
Volatility has decreased.
I expect the asset to rebound after fixing above the resistance level.
CHZ (Chiliz) Token Analysis 13/04/2021initial Analysis where we had our initial Token Purchase and opened Derivatives Contracts where we Achieved our Targets.
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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
CHZUSDT- Symmetrical TriangleKeep Eye on next 1h Candle close if breakout the top line we do long and target around 0.090+
CHZ BUY/SELL 15min
In Chiliz, on the 15-minute timeframe, given the presence of a resistance zone at 0.085, we can consider entering a short position with a break of the trendline and a pullback to the breakdown zone. We could then follow the trade until the support level of 0.078.
For a short-term trade, we can enter at the base of 0.081 and exit the trade by completing our pullback to the broken upward trendline.
I hope this was helpful for you. Good luck with your trades!
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
Flight or crash? This currency is making a decisionThis currency is near its downward trend , on the other hand, it is at the bottom of a one-month channel, so the possibility of a small growth up to 6% is not far from expected.
Two support and resistance ranges have been identified for this currency and the possibility of movement of this currency has been investigated. As it is said in the analysis, first there is a possibility of growth for this digital currency.
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 $0.04
Chart 4H TF
Chiliz's in triangle pattern. If price can breakout, CHZ can retest Previous Ascending Trend Line.
Wait and see
Chiliz longChiliz bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 0.083 is expected to happen.
CHZ PRICE TREND CHARTchiliz technical shows a bullish flag in monthly candles and the top price target in the yellow area because the confluence of fibonaccis area 1.618. Maximum price is 10$ because it's the psychological price
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
CHZUSDT !! ARE WE GOING FOR A STRONG UPTREND ?!Ok Traders !
hope you enjoying your life !
first of all what do we want to see in phase c ?
-strong rejection:
point of fear : traders start to panic in downtrend and close their positions and open a
new short positions to take gains .
participation of buyers : for fundamental reason market makers and other whales see an
opportunities to buy in the deep .
-average volume :
if we have a reasonable volume in phase A & B at lows and highs volume does not matter
that much in our analysis
CHZ/USDT : we do not have requirement yet but we are getting close to one of the most important key level ! beside of fundamental analysis that key level is between chaos and live in the dream . im gonna keep in touch with you guys and give you updates
Watch out for the next dropThe currency has been declining for a year, and all of this decline is planned on the monthly time frame. All this historical decline is inside a bullish monthly candle. It is expected that the price will return to test the bottom of the monthly bullish candle, including buyers and the market maker. It will appear again to rise to the top of the candle.
CHZ ready to bounceI ended up on this CHZ chart I hadn't checked in ages and that last support level worked pretty well. I'd expect a bounce upward unless binance vs SEC news drags the entire market down too much (it's a possibility).
CHZ exit pump around 280% UP..#CHZ is bullish for this time. Overall this is very bearish for long term but it should pump around 280% (0.32 USD) from current price. Because there was an institutional order block or exit liquidity. This pump will be a fake pump..
CHZUSDTCHZUSDT is trading in bearish channel and respecting the falling trendline with Fib confluence. Currently the pair is consolidating and meanwhile preparing for 3rd pivot to falling trendline. Will it respect the falling trendline and continue its trajectory to even more downside?
CHZ Bearish channel and diamondThe truth is that the global situation is wearing out and in addition to this, the fomo of the World Cup is over. I think that for my part I expect a bearish movement in this Token and thus respect the bearish channel that it has and also this possible diamond that is at the top of the channel, I would think that it is a good risk-reward to take advantage of.
$CHZ I still believeOk guys, I know we are a little rekt on this trade, but hear me out, I still hodling this for dear life, and DCAing the dips.
RSI on the daily showing bullish divergence, so this could very well be the end of a wave 5.
If you EVER bought CHZ when the daily RSI was this low, you had to be hard pressed to not make money following that strategy in the past.
The VPVR suggests that this coin is in a discount range, you are buying at a lower price than 98% of other buys on this token since it pumped in 2021.
If this breaks .0811, all hell can break loose and this thing could really go down hard, but I am willing to wager before that happens the daily RSI would need to creep upwards first. I am expecting a nice bounce here to the upside.
CHZ/USDT Rebound PlayAccording to RSI, MACD, and Trendline breaking, I believe we are going for a rebound and the price just formed a triple bottom at the significant support. I also think the down trend has finished the 5th wave already as there are Div in RSI and MACD. This setup is 2:1 R:R which is a great entry. There is no reason not to enter this trade.
$CHZ Weekly hammer candle looks like decent RRgood risk to reward ratio here, the stochastic looks like its running out of momentum, could get a nice pump out of this section soon
