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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CHZ
CHZ Formation and Fibonacci TargetCHZ Formation and Fibonacci Target
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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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CHZ to the MOON?CHZ very calm for a long time, football industry hammered buy super league issues but here is only one big news for next month, the NFT Binance market.
Binance has invested in CHZ probably we will see very good NFT things to sell next month on Binance NFT place.
Not a financial advice
CHZUSDTthis alt has obey all the crashes of BTC (aside from its high correlation with BTC) it corrected as much as it could and its nearly the time to regain its power and recover the lost value plus goes for its real value in the market (as the fundamental token fans and plans are spreading into the network and social)
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CHZUSDT --> Pattern suggests BUY THE CHZ DIP!Looking back at past chiliz price action recently I noticed that when CHZ pumps, it leaves a distinct wick, then retraces. It often retraces 0.5 fib or more.
Yesterday as I was in this trade I got spooked, left it early and started waiting for the BTC dip as I felt CHZ was wicking on me. In hindsight I left the trade too early, CHZ does like to pump.
But now I'm FASCINATED to see how chiliz will retrace here, if it came back 0.5, particularly in the face of some bullish price action from BTC.. that would be neat!
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Fundamentals
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Rank #52
Market Cap = $2,459,573,787
- Ecosystem or tokenized sports teams
- Lots of massive partnerships / massive market cap crypto niche
Circulating Supply = 5,586,355,378 CHZ
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CHZUSDT --> Chiliz 30th April news to pump price?!Brief idea behind chiliz is = its trying to create a tokenized ecosystem for sports teams to get in on crypto. Longer term it envisions a teams token giving fans power in some level of decision making/interaction with their team.
CHZ has some major partner news coming up on the 30th, or earlier. This has me thinking what could it be?
If you follow sports and chiliz a little bit, you will know that major football (soccer) clubs are getting in, also the UFC and other MMA leagues are getting in. The next logical step is... the NBA and NFL.
If either the NBA and/or NFL get onboard, and you had the lakers or cowboys partner with CHZ... dayum daniel, thats a pro-gamer move right there!
Remember chiliz has a 6 billion token supply, so I dunno about this thing going to $2 or anything, I believe years from now assuming all good things, $2, maybe $3 could be where it gets to, but if we cool our jets a little, NBA, NFL, big US teams.. that could push us to $1 or higher VERY quickly!
--==--==--==--
Fundamentals
--==--==--==--
Rank #52
Market Cap = $2,459,573,787
- Ecosystem or tokenized sports teams
- Lots of massive partnerships / massive market cap crypto niche
Circulating Supply = 5,586,355,378 CHZ
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CHZ/USDT MARKET CYCLE EXPLAINED Good day!! Green weekdays ahead.
In my technical analysis, in this chart explains the market phases. It is very important to study about these phases to increase your win rates in trading and also to avoid to be in distribution phase.
as of now I'm very bullish on CHZ/USDT.
In this chart, 2 cycles occurs.
as of today, i guess we're on accumulation phase of the market and i guess it is ready again for it's mark up for it's 3rd cycle of the market.
trade responsibly.
Trade with a plan.