Chiliz

Get Chiliz (CHZ) all time high price, historical charts, latest news and other information.

The CHZ/USD weekly chart shows a steady rally, displaying three consecutive long green candles gaining over 94%. The CHZ token would provide a strong bull run if its price reclaims the $0.57 resistance.

The CHZ coin price gives an ascending triangle breakout in the 4-hour time chart.
The CHZ price obtains strong dynamic support from the 50 EMA
The intraday trading volume in the CHZ coin is $1.5 Billion, indicating a 35.4% hike.


Source- CHZ/USD chart by Tradingview
The CHZ coin price surged over 94% in the past three weeks resulting in three consecutive bullish engulfing candlesticks in the weekly chart. The token price is currently standing at the doorstep of a crucial resistance of the $0.57 mark, preparing for the next bull run.
The CHZ coin in the daily time frame chart shows a solids bullish alignment of the crucial EMAs(20, 50, 100 and, 200). These EMA lines would act as good support for the price if the price starts to move lower.
The Relative Strength Index value at 68 indicates a steady growth of the CHZ price.
CHZ/USD Chart In The 4-hour Time Frame

Source- CHZ/USD chart by Tradingview
As explained in my previous article on Chiliz, The CHZ price was forming an ascending triangle pattern in the 4-hour chart. The neckline resistance of the triangle is near the $0.53 mark, and the price has provided a decisive breakout from this overhead resistance.
The CHZ coin is currently in a retest phase, and if the price manages to sustain above the pattern neckline, the coin would have a better chance of reclaiming the $0.58 resistance. Furthermore, the MACD indicator states a bullish momentum for this coin where the MACD and signal are moving above the neutral zone.
 
 
The post Chiliz Price Analysis: A Breakout From The $0.57 Level Would Initiate Significant Up Movement In CHZ Coin appeared first on Coingape.


The CHZ/USD weekly chart shows a steady rally, displaying three consecutive long green candles gaining over 94%. The CHZ token would provide a strong bull run if its price reclaims the $0.57 resistance. The CHZ coin price gives an ascending triangle breakout in the 4-hour time chart. The CHZ pric...

coingape.com

Chiliz Price Analysis: A Breakout From The $0.57 Level Would Initiate Significant Up Movement In CHZ Coin

 
Will the CHZ coin price reach the $0.68 mark? The bullish breakout of the double bottom pattern in the weekly chart followed by the formation of the ascending triangle pattern in the 4-hour timeframe indicates growth in underlying bullish momentum. Moreover, the price increased by more than 75% in the past three weeks. 
 

The CHZ coin price gives a double bottom breakout in the weekly chart.
The price action makes an ascending triangle pattern in the 4-hour chart.
The intraday trading volume in the CHZ coin is $940 Million, indicating a 110% hike.


Source- CHZ/USD chart by Tradingview
 
The CHZ coin price increased more than 75% in the past three weeks resulting in the bullish engulfing candlesticks in the weekly chart. Furthermore, the price action gives a decisive breakout from the double bottom pattern with the neckline at the $0.42 mark. 
 
If the CHZ coin sustains above the $0.48 mark, we can observe a bull run to $0.65 in the next few weeks. Moreover, the token price is moving higher than the crucial daily EMAs (20, 50, 100, and 200), indicating a strong bullish alignment that can support the price during a reversal.
 
The Relative Strength Index (RSI) line rises higher in the daily chart and approaches the overbought territory, indicating a growth of bullish sentiments for the coin.
 
CHZ/USD Chart In The 4-hour Time Frame

Source- CHZ/USD chart by Tradingview
 
The CHZ price action makes an ascending triangle pattern in the 4-hour chart. The resistance zone of the triangle is near the $0.52 mark. Hence, the bullish breakout of the resistance zone can generate a buying opportunity for traders.
 
Furthermore, the traditional, quarterly pivot levels showcase important pivot levels that can affect the price trend. As per the pivot levels, the following resistance level for the trend is $0.56, followed by $0.67. And, on the opposite end, the support levels are at $0.41 and $0.30.
 
 
 
The post Chiliz Price Analysis: CHZ Coin Gives Double Bottom Breakout Hinting A Bull Run To The $0.68 Mark. appeared first on Coingape.


&#160; Will the CHZ coin price reach the $0.68 mark? The bullish breakout of the double bottom pattern in the weekly chart followed by the formation of the ascending triangle pattern in the 4-hour timeframe indicates growth in underlying bullish momentum. Moreover, the price increased by more tha...

Chiliz Price Analysis: CHZ Coin Gives Double Bottom Breakout Hinting A Bull Run To The $0.68 Mark.

  Chiliz (CHZ) is nearing the end of a neutral pattern that has been in place since March. Therefore, a decisive movement is expected in the near future.
CHZ has been moving upwards since May 23, when the token was trading at a low of $0.164. The upward movement has been gradual so far. 
Since the beginning of Sept, the token has thrice attempted to move above the $0.355 horizontal area. However, it has been rejected each time, validating the area as resistance. 
More importantly, CHZ is nearing the end of a symmetrical triangle pattern, which is created by the aforementioned ascending support line and a descending resistance line in place since the March all-time highs. 
Still, the triangle is considered a neutral pattern. In addition to this, both the MACD and RSI are giving a neutral reading. 
The MACD, which is created by a short- and a long-term moving average (MA), is right at the 0 line. This means that the short-term MA is moving at the same speed as the long-term one. Furthermore, the RSI is right at the 50 line. This is a sign that momentum is neutral. 
Therefore, more data is required in order to determine if CHZ will break out or down.
Chart By TradingView
Future movement
A closer look shows that CHZ has actually broken down from the pattern, but could be falling back inside it. 
Today’s close is extremely important, since if CHZ manages to hold on above the resistance line of the triangle and create a long lower wick, it would be a sign that the breakout is legitimate and CHZ will move higher.
Chart By TradingView
The bullish possibility is supported by a look at the even shorter-term six-hour time-frame. It shows a descending parallel channel, and has bounced at its support line (green icon). 
Such channels usually contain corrective movements, meaning that a breakout and a resumption of the upward movement would be likely. 
Chart By TradingView
CHZ wave count
Cryptocurrency trader @TheTradinghubb outlined a CHZ wave count, in which the token is beginning a long-term wave five, which will take it well into a new all-time high.
Source: Twitter
The most likely wave count does indeed suggest that the token is in wave five of a bullish impulse that began in March 2020. This is the final portion of the upward movement prior to a significant correction. 
It seems that wave four took the form of a symmetrical triangle, which is the most common one for such waves. 
If correct, the first target for the top of the upward movement would be between $1.20 – $1.40. This is the 1.61 external Fib retracement resistance level when measuring the most recent drop (white) and the length of waves 1-3 projected to the bottom of wave four.
Chart By TradingView


For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.



What do you think about this subject? Write to us and tell us!
  The post Chiliz (CHZ) Looks to Break Out After Six Months of Consolidation appeared first on BeInCrypto.


CHZ is nearing the end of a neutral pattern that has been in place since March. Therefore, a decisive movement is expected in the near future
The post Chiliz (CHZ) Looks to Break Out After Six Months of Consolidation appeared first on BeInCrypto.


Chiliz price	$0.461151
Low - High 24H	$0.436117 - $0.477498
Market cap	$2.46B
Volume 24H	$487.14M
All time high	$0.878633 -47.58% March 13th 2021
All time low	$0.004109 11108.83% September 28th 2019
Genesis date	N/A

Recently viewed

Trending

Chiliz (CHZ)

Performance

Chiliz News

Quick stats