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
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!
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Fundamentals
--==--==--==--
Rank #52
Market Cap = $2,459,573,787
- Ecosystem or tokenized sports teams
- Lots of massive partnerships / massive market cap crypto niche
Circulating Supply = 5,586,355,378 CHZ
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CHZ huge potentialCHZ end of April will announce huge partnerships, new clubs, new countries and gamification launch on April 30th , plus more sports happening with many places around the world keep doing sports and also with more people getting vaccines the more sports possible and a lot of promotions to CHZ. The people still inside, keep watching sports will get exposure to CHZ and huge potential of supporting their clubs and boosting CHZ to a huge heights.
"CHILIZ IS ABOUT TO STRAT AN UPTREND"Greeting from IRAN to whole trading community 💙✔
CHILIZ has managed to make a new ATH in early march
After that achievement , Chiliz started a major donwtrend (Red dotted line) which last about 1 month
After that a strong breakout happened , price has risen about 80% then it dropped down back to its major support zone
I expect to start a new uptrend from this powerful support zone
TP 1 & 2 : 0.6$ & 0.8$
SL : 0.35$
Trade on your risk and responsibility :)
KEEP IT SIMPLE:)
Chilliz ranging before a parabolic runNFT's will be back in favour again soon in this bull run.
$CHZ ranging between 0.48 and 0.55 before another run-up with both price and volume support
Had a huge run-up so could take a while to digest the gains before the next leg.
Partnered with FCB, PSG, AS Roma and UFC. A project that brings normal people into Crypto and has some real-world use case
Back to ATH will be 71%.
SL: 0.42
Chilliz, Enjin and Mana :)
CHZUSDT UPDATE1- CONSIDER STOP LOSS IN CHZ: assets with HIGH changes in short period could make a significant Loss Or Profit
2 - this idea does not mention TIME, ONLY the price movement is analyzed
3- this is only a technical analysis not a prediction
4- its easy to be wise after the EVENT
5- happy trading