Chiliz
CHZ: Pullback in UptrendTrade setup : Price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. It got overbought (RSI ~ 75) just as it reached $0.085 resistance and saw some profit taking around this level. Now we wait for price to either 1) break above $0.085, it would signal continuation of uptrend with upside potential to $0.10 thereafter, or
2) pull back near $0.06 support for a swing entry in Uptrend with upside potential back to $0.085. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
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 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!
SCCP FAN TOKEN8Fan Engagement and Rewards: Blockchain facilitates fan engagement by offering unique experiences and rewards. For instance, fans can earn tokens or rewards for participating in online sports communities, predicting game outcomes, or engaging with content.
Ticketing and Authenticity: Blockchain can be used to create secure and transparent ticketing systems, reducing fraud and ensuring the authenticity of tickets for events. This technology can also be applied to verify the authenticity of sports memorabilia.
Player Contracts and Transactions: Smart contracts powered by blockchain can streamline player contracts and payments, ensuring transparency, and automating transactions based on predefined conditions being met.
Tokenization of Assets: Blockchain enables the tokenization of assets, allowing fans to invest in sports teams, athletes, or even specific moments within games. This can democratize investment opportunities within the sports industry.
Data Security and Integrity: Blockchain can enhance the security and integrity of sports data. It can be used to securely store player statistics, game results, and other sensitive information, reducing the risk of data tampering.
Cryptocurrencies, a prominent application of blockchain, have also found their place in sports:
Payment Methods: Some sports teams and organizations have started accepting cryptocurrencies as payment for tickets, merchandise, or even player salaries.
Sponsorships and Partnerships: Cryptocurrency companies have begun sponsoring sports teams or events, leading to increased visibility and adoption of digital currencies within the sports industry.
However, while the potential is vast, there are challenges too. Regulatory concerns, market volatility of cryptocurrencies, and the need for widespread adoption are some hurdles that need to be addressed for these technologies to make a more significant impact on the sports industry.
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
CHZUSD Giant Falling Wedge about to break upwards?Chiliz / CHZUSD crossed today over the 1day MA50 for the first time in 2 months.
Even though that is a significant bullish signal, it is still not as strong as a potential break over the top of the Falling Wedge pattern would be.
As a result, a break over the Falling Resistance would target the 0.236 Fibonacci level and 1day MA200.
Buy when a 1day candle closes over the 1day MA200 and target 0.15000 (a little under the 0.618 Fibonacci).
Note that the 1day RSI is on the Resistance level which has priced 3 Lower Highs on the Falling Wedge. This is why wee need to see a clear breakout.
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🔴 $BITCOIN : Big Dump Ahead ? READ THE CAPTIONBy examining the Bitcoin chart in the daily time frame, we see that the price is forming a downward context after breaking the $26,900 and $26,540 areas! If the price stabilizes below $26,500, I expect a price dump! If the price falls, the initial target range will be $23,950 to $25,300 and the next target will be $20,000! The 20K area can be a possible Potential Reversal Zone ! (PRZ) Do you think it is possible that the price will reach $20,000 in the next 3 weeks ?
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👤 Arman Shaban : @ArmanShabanTrading
📅 05.12.2023
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✏️ $BTC : Bitcoin will see 27K again ?By examining Bitcoin in the daily time frame, we see that finally, according to our initial expectation, the price started to fall and has corrected up to $29200! If the price stabilizes below the $29400 low swing , we can expect further fall to lower levels! If this drop continues, its next targets will be $28,500, $27,100 and $26,100 respectively!
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Current Trends and Price PredictionsThe recent analysis of CHZ indicates a period of range-bound movement over the past month. Throughout this time, the currency's value has fluctuated within the resistance range of the main descending channel's midline and the support level at $0.0736.
Reactions to the midline of the channel have been consistent, and noteworthy resistances are currently positioned above the current price. Breaking through these resistances would require significant support from major market traders. One potential indication of such support would be a surge in trading volume, leading to a possible increase in the price of Chiliz currency up to the upper limit of the descending channel.
However, it's important to note that this signal has not materialized on the chart yet, and patience is advised. For the short term, the outlook is more bearish, with a potential for the price to retreat back to the support range of $0.0700 for CHZ. Should a positive reaction occur at this support level, it could prompt a new upward movement towards the top of the channel.
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
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
✏️ $BTC : Wow , 30K ! What's the NEXT Trend ?Well, as I said in the previous analysis, our first Fall target, which was the range of $23,900 to $25,300, was a very important demand range, and we waited to see the price reaction to it so that we could talk about the next trend, now, As you can see, after reaching this level, the price was accompanied by demand pressure and was able to grow up to $30,800. Now the price is in the range of a Bearish Order Block, but the possibility of a stop hunt to collect liquidity above $31,100 is high! Take care of your positions in this important zone !
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The Last Update of CRYPTOCAP:BTC :
The Last Last Update of CRYPTOCAP:BTC :
The Last Last Last Update of CRYPTOCAP:BTC (The Main TA)
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✏️ XAUUSD : PMI is on the way , BULL ? Well, as I expected, according to the latest price analysis, it managed to break the specified support and with a 200 pips correction, it was able to fall to the $1910 level! If the price can maintain the support of $1909, I will give the possibility of a corrective move up! Considering that the PMI statistics will be announced today, this trend can be accelerated, but note that the most important support level is $1909 at the moment!
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🔥CHILIZ READY TO EXPLODE AFTER 110 DAYS RANGE: R U READY?🔥Hi, friends! Chiliz is in consolidation for more than 100 days. It's enough for the whales to accumulate a lot of coins and start to pump the price.
Now the price fell by -20% after the trap during the trendline breakout. I expect one more local dump after the next attempt to break the trendline.
📊 TRADING PLAN FOR CHZ:
1. the trap of the long traders during the next squeeze to the trendline
2. pullback to $0.178-0.182 value area
3. volume growth
4. bullish BTC
🚩 As you can see, the volume growth during the fall indicates about that the bottom area reached or will be reached soon.
✅ THE MAIN TARGETS FOR CHZ:
🔥 $0.135-0.139 - the value area
🔥 $0.15 - the even number and key level
🔥 $0.179 - the local high and the key level
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
CHZUSD: Holds Demand Line as it Attempts to Spring Above SupportChiliz after Retracing to the .886 PCZ of a Potential Bullish Deep Cypher has bounced back into a Previous Zone of Support and is now Holding on to a Potential Demand Line.
It also appears to be double bottoming on significant timeframes at these levels.
If CHZ can successfully hold the line here we could see it go up to target the Neckline of the Double Bottom at and if things go really insane we could see it make a full upside .886 Retrace.