In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Chiliz (CHZ) technical analysis:
Trade setup: Pullback near $0.15 support (also 200-day moving average) could be swing entry. Momentum is inflecting bullish (MACD Histogram is rising). (set a price alert. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC.
Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.18 (previous support), then $0.27.
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What is Chiliz (CHZ)?
Find full description and news on altFINS platform.
Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency.
Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more. It provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences. We do so by building scalable service layers on top of our own private, proof of authority blockchain (the Chiliz chain). All of these projects are fueled by the Chiliz token ($CHZ), a chain-agnostic digital currency which is currently available on leading crypto exchanges around the world.