CHZ 1D
After 28 days down, CHZ found powerful FIBONACCI support at 0.1599 and pooled back reversing this formed downtrend.
Buyers have taken control of the horizontal support zone and the price is making higher highs and higher lows.
As long as the price is above the support level of 0.1599, we expect the buyers to be in full control for the CHZ to move towards its strong resistance of 0.2817.
Fundamentally CHZ is very high octane and is likely to take an impulsive kick up as the world approaches. Built on the Ethereum blockchain that allows sports and entertainment fans to monetize and incentivize their activities through tokenization. As an ERC-20 token, Chiliz provides currency for the world's first blockchain-enabled fan engagement platform, Socios. The Socios marketplace allows fans to buy and trade fan tokens or branded NFTs and participate in or influence club-focused polls and surveys.
Buyers have taken control of the horizontal support zone and the price is making higher highs and higher lows.
As long as the price is above the support level of 0.1599, we expect the buyers to be in full control for the CHZ to move towards its strong resistance of 0.2817.
Fundamentally CHZ is very high octane and is likely to take an impulsive kick up as the world approaches. Built on the Ethereum blockchain that allows sports and entertainment fans to monetize and incentivize their activities through tokenization. As an ERC-20 token, Chiliz provides currency for the world's first blockchain-enabled fan engagement platform, Socios. The Socios marketplace allows fans to buy and trade fan tokens or branded NFTs and participate in or influence club-focused polls and surveys.
Penafian
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