🆓Chiliz (CHZ) May-18 #CHZ $CHZThe buying force has being existed at 0.4$ zone since April and we can take risk to catch CHZ here anytime it hit this zone. If successful, it will head to 0.5$, 0.65$ and 0.8$ in this May and June
📈BUY
-Buy: 0.39-0.41$. SL if B
-Buy: 0.485-0.515$ if A. SL if B
📉SELL
-Sell: 0.485-0.515$. SL if A
-Sell: 0.635-0.665$. SL if A
-Sell: 0.78-0.82$. SL if A
♻️BACK-UP
-Sell: 0.39-0.41$ if B. SL if A
-Buy: 0.24-0.26$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Chiliz
END of CHZ/USDT down trendwell, we are at the end of our down trend and our Triangle pattern, we have +3 positive divergence on our stochastic lows that mean down trend will end in any time and very soon, the target is equal to the base of the Triangle as you see (classic target), we just need some support and more marketcap to move up and break the trend. after throw.back on the trend you can go for a LONG pos.
Chiliz next targetsThose who been holding Chiliz and not seeing upwards movements, the next leg up most likely will have to wait till end of May. As the bollinger band are starting to become smaller for the next big up move. Those still looking at entry point it looks like Chiliz still can move down a little lower, but anything around 0.45 - 0.5 is a great entry.
My strategy hitting first target to get out my initial investment as you never know if it could possible move down to the bottom of the channel again. With how much it went down with a down channel I feel like the 2nd target could be a top and selling all there and wait for it move down to the bottom of the channel again to rebuy.
CHZ, Chiliz Heatin' UPCHZ, 4H: Retesting the downsloping trend line at $0.51. Asset looking to form neckline of inverse Head and Shoulders with favorable divergence. Stop loss just below the 0.236 Fib level, and even though the targets are far away, Chiliz could see them all with time. Perhaps more of a position trade, but seems like we are done with the 50 cent region.
Chiliz Partners with UFC®"UFC®, the world’s premier mixed martial arts organization, and Chiliz, a leading blockchain provider for the sports and entertainment industries, have announced plans to launch a $UFC Fan Token on fan engagement and rewards mobile app Socios.com."
medium.com
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What is Chiliz?
www.chiliz.com
Chiliz is world’s leading blockchain fintech provider for sports & entertainment
Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency.
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
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Chiliz is now providing a UFC Fan Token (This is a UFC Themed Cryptocurrency that fans can acquire and trade with eachother), this can potentially bring a new wave of users and interest to this Cryptocurrency and potentially lead to increases in value, not to mention there is a another strong sign, the Bull Flag Pattern which is explained below:
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Bull Flag Pattern:
Click the below image for a educational idea on the Bull Flag Pattern.
Bull Flags are one of the most well known & easily recognized chart patterns.
The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern.
After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. The pattern is measured and added to the bounce area before the breakout for a potential target area.
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Paris Saint-Germain F.CLooking very strong here. One of the best fan tokens on Chiliz/Socios right now. Compared to BAR or ACM or JUV... because PSG is still in the Champions League, people could keep on buying and the trend looks very strong.
Chzusdt Buy When Break TriangleHi chilz is making an ascending symmetrical triangle after it's breakout we can expect good long entry and can go upward till the resistance level after that we can expect resistance of it broke that resistance it can go more. Currently it is in 0.618 important fib level.
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