CHZ Potential ReversalThis is my first analysis, so please be patient with me! All of the numbers are approximate.
Now that the price has bounced off MA 60 an uptrend is expected. However, please take note of the forming head and shoulders pattern, which can indicate a drop, to approx. 0.5, instead. After the reversal, the local targets are 0.76$, 0.84$, and finally 1$. However, do keep in mind that CHZ has a market cap of 3.4B usd at the moment, making the growth of the asset require increasingly more capital.
This is not financial advice.
CHZUSDT
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)
👉this idea has the confirmation of advanced price action
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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 = $2,459,573,787
- Ecosystem or tokenized sports teams
- Lots of massive partnerships / massive market cap crypto niche
Circulating Supply = 5,586,355,378 CHZ
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CHZ huge potentialCHZ end of April will announce huge partnerships, new clubs, new countries and gamification launch on April 30th , plus more sports happening with many places around the world keep doing sports and also with more people getting vaccines the more sports possible and a lot of promotions to CHZ. The people still inside, keep watching sports will get exposure to CHZ and huge potential of supporting their clubs and boosting CHZ to a huge heights.
"CHILIZ IS ABOUT TO STRAT AN UPTREND"Greeting from IRAN to whole trading community 💙✔
CHILIZ has managed to make a new ATH in early march
After that achievement , Chiliz started a major donwtrend (Red dotted line) which last about 1 month
After that a strong breakout happened , price has risen about 80% then it dropped down back to its major support zone
I expect to start a new uptrend from this powerful support zone
TP 1 & 2 : 0.6$ & 0.8$
SL : 0.35$
Trade on your risk and responsibility :)
KEEP IT SIMPLE:)