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CHZUSDT trade ideas

CHZUSDT Analysis: Chiliz (CHZ) Journey and Future ProspectsIntroduction Chiliz (CHZ) has been on a rollercoaster ride recently, experiencing a descent from its high of 0.66 USDT to its lowest point of 0.5530 USDT, only to rebound slightly to approximately 0.593 USDT at the time of writing. This journey has raised questions about the impact of Chiliz Chain 2.0 and its potential for the future. With a growing list of sports teams coming on board and efforts to attract new developers to the Chiliz Chain, it's essential to explore what the future holds for CHZ in the next bull run. Could it reach the 1.618 Fibonacci level at 3.05815 USDT? The Chiliz Chain 2.0 and its Impact Chiliz Chain 2.0 was heralded as a significant development for the Chiliz ecosystem. This blockchain upgrade aimed to enhance scalability, security, and user experience while providing a solid foundation for a range of fan engagement and blockchain-based products, particularly in the sports and entertainment sectors. However, it's worth noting that the immediate response in the CHZ price following the Chiliz Chain 2.0 release was not the explosive boost many anticipated. The crypto market often has its own rhythm and timing for reacting to news and developments. Investors and traders may have expected an instant price surge, but the reality is often more nuanced. Growing Sports Partnerships One of the key factors driving interest in CHZ is its partnerships with various sports teams and organizations. Chiliz has been actively working to onboard new teams and expand its presence in the sports world. This includes partnerships with football clubs like Paris Saint-Germain (PSG), Juventus, and Barcelona, among others. These partnerships have the potential to bring a massive fan base into the Chiliz ecosystem. Fan tokens, powered by CHZ, offer fans unique engagement opportunities with their favorite teams, such as voting on club decisions or accessing exclusive content. As more teams join the platform and more fans get involved, the utility and demand for CHZ may increase. Attracting Developers to the Chiliz Chain Another significant aspect of Chiliz's strategy is its efforts to attract developers to the Chiliz Chain. A robust developer community can lead to the creation of a wide range of decentralized applications (DApps) and smart contracts, further increasing the utility and value of CHZ. Predicting CHZ's Future in the Next Bull Run Predicting the exact price of a cryptocurrency in a future bull run is a challenging task, as it depends on a multitude of factors, including market sentiment, adoption, competition, and external events. While a move to the 1.618 Fibonacci level at 3.05815 USDT is an exciting prospect, it should be viewed as a potential target rather than a certainty. The success of CHZ in the next bull run will likely hinge on several factors: Market Sentiment: Positive sentiment and increased demand for cryptocurrencies as a whole can benefit CHZ. Adoption: Continued adoption by sports teams and fans can drive utility and demand for CHZ. Development: The growth of DApps and smart contracts on the Chiliz Chain can contribute to the ecosystem's success. Competition: CHZ operates in a competitive space, and its ability to differentiate and innovate will be key. Conclusion Chiliz (CHZ) has experienced a notable journey, from its highs to its recent lows and back. The Chiliz Chain 2.0 and the expanding list of sports partnerships are promising developments, but their impact on CHZ's price may take time to fully materialize. As for the prediction of reaching the 1.618 Fibonacci level at 3.05815 USDT in the next bull run, it's a tantalizing possibility, but one that comes with inherent uncertainties in the volatile cryptocurrency market. Traders and investors should approach such predictions with caution and conduct thorough research before making decisions. The future of CHZ will depend on its ability to navigate these challenges and capitalize on its strengths. With its unique niche in the sports and entertainment sector, Chiliz has the potential to carve out a significant presence in the blockchain space, but time will tell how this journey unfolds.
by CryptoSnagger
CHZ purchase level 0.0779 !!!The price is below the purchase level of 0.0779 in the local zone of 0.1054-0.0576 The sweet shopping zone 0.0731-0.0458 has already been left! The purchase level was 0.0578 ! + the price moves in the lower channel and draws a flag, the exit from the flag is 1.8 The price of the volume of this trade is 0.1367 The price of the total volume is 0.0194 From this price to Hai X12.5 Technically, everything is correct! But, something is not clean here! 100% We will be on Guard !!!
by InHoldOut
Current Trends and Price PredictionsThe recent analysis of CHZ indicates a period of range-bound movement over the past month. Throughout this time, the currency's value has fluctuated within the resistance range of the main descending channel's midline and the support level at $0.0736. Reactions to the midline of the channel have been consistent, and noteworthy resistances are currently positioned above the current price. Breaking through these resistances would require significant support from major market traders. One potential indication of such support would be a surge in trading volume, leading to a possible increase in the price of Chiliz currency up to the upper limit of the descending channel. However, it's important to note that this signal has not materialized on the chart yet, and patience is advised. For the short term, the outlook is more bearish, with a potential for the price to retreat back to the support range of $0.0700 for CHZ. Should a positive reaction occur at this support level, it could prompt a new upward movement towards the top of the channel.
by MonoCoinSignal
7
CHZUSDT Bulls Gain Momentum with Downtrend Breakout💎Almost two weeks ago, #CHZUSDT experienced a confirmed daily break above the long-term downtrend trendline, signaling a potential weakening of bearish dominance. Following the breakout, the price retraced and recently found clean rejection at the bottom of the ascending channel. 💎Now, our attention is drawn to the nearest and crucial support level at $0.072. It is essential to closely monitor the price action around this level. A daily break below this support could lead to bears regaining control of the market. However, until such a break occurs, the probability favors a strong upside move, with the nearest long-term Fibonacci resistance lying 57% above the recent low. 💎Despite the potential for an uptrend, it's important to exercise extra caution due to the exceptionally low crypto trading volume at this stage. These market conditions can make the market susceptible to manipulation. As such, MCP team remain vigilant and prepared to take action, whether #CHZ breaks below the support or continues its uptrend.
Long
by MyCryptoParadise
CHZ (Chiliz) Token Analysis 13/04/2021initial Analysis where we had our initial Token Purchase and opened Derivatives Contracts where we Achieved our Targets. www.tradingview.com Fundamentals: Chiliz is one of the largest blockchains for esports and gaming crowdfunding. Officially launched in 2019, the idea for Chiliz and the platform Socios.com were initially conceived in 2016. Chiliz is a token designed to allow fans to support their favorite sports teams through blockchain-based interactions. The Socios.com platform also aims to allow fans to buy tokenized voting rights for the teams they support. Football club Juventus was the first to launch a team token through the Socios.com website. Since then, more than a hundred different teams have joined the platform. Chilliz has attracted the attention of competitors from a wide array of sports, including football, basketball, and esports teams. Chiliz and Socios.com claim to be the first platforms to build a bridge between blockchain technology and the sports world. By issuing blockchain-based tokens, Chiliz ensures that fans have their investment secure and protected while participating from anywhere in the world. Chiliz and Socios.com allow sports fans to participate in the management of their favorite teams. By buying fan tokens, users secure voting rights and participate in votes announced by the teams on Socios.com. This further boosts the decentralization features offered by the Chiliz blockchain. The Chiliz blockchain relies on a proof-of-authority (PoA) side chain consensus mechanism for security. Unlike proof-of-work (PoW) and proof-of-stake (PoS), PoA relies on the reputability of already established validators for the creation of new blocks. To make transaction processing as fast as possible, the PoA consensus relies on a Byzantine Fault Tolerance (BFT) algorithm with identity as a stake. It is more cost-effective than the PoW consensus in terms of electrical and computing power consumption. Alexandre Dreyfus is the founder and CEO of both Chiliz and Socios.com. His professional portfolio includes numerous CEO positions. Dreyfus has also founded Webcity, a city tour-guide platform used across Europe. He has played a founding role in the creation of Winamax, the first-ever French online poker platform. Alexandre Dreyfus graduated from Lycee Jean Perrin in 1995. Emma Diskin is the chief operating officer at Chiliz. She has been with the company since 2018 and has moved up the ranks, starting with a communications director position. Her professional career began as an account manager for Freud Communications in 1999. Since then, she has been an employee for brands like the Daily Mail and ITV, before joining Chiliz and Socios.com. Max Rabinovitch is the chief strategy officer for Chilliz and Socios.com. He graduated in fine arts and psychology from the University of Colorado Boulder in 2008. Rabinovitch’s professional experience began as a head copywriter for Intersog in 2010. A year later, he became the creative director for ComboApp Inc. Since 2014, Rabinovitch has been an integral part of the Chiliz team. Chiliz (CHZ) has a total and maximum supply of 8,888,888,888 tokens. The circulating supply as of March 2021 is about 5,441,098,420 CHZ tokens. Of the total CHZ token supply, 34.5% were distributed through a pre-sale event and additional token sales. Another 20% of tokens were set aside as a userbase reserve, dedicated for future users of the Socios.com platform. Around a sixth of all tokens were directed towards strategic acquisitions. About 7.5% of CHZ tokens were given as an incentive to seed investors. Finally, 5% of tokens were given as a reward to the team and 3% were distributed among the advisors of the project. The live Chiliz price today is $0.511672 USD with a 24-hour trading volume of $1,123,683,811 USD. Chiliz is up 8.87% in the last 24 hours. The current CoinMarketCap ranking is #45, with a live market cap of $2,858,383,305 USD. Technical Analysis: As you can see the price has done its Initialization and accumulation followed by a big impulsive cycle and retracement to the Fibonacci Retracement Gulden Zone. Currently is Consolidating and reaccumulating at the Fibonacci Golden Zone. There are possibilities that the price fall to the Support area before Starting the Second Impulsive cycle to the higher Levels. There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive wave where as the 3 TP gets its confirmation as the 2 TP gets triggered followed by some Price Correction and Reaccumulation. Sentimental Analysis: as we have seen the aggressive behavior of this Token, followed by its Inclination towards the Proper retracement and settling for reaccumulation and the Strong Fundamentals and Daily Increasing its Market Cap, we can feel a very Bullish Sentiment around this Token
Long
by BitonGroup
16
CHZ BUY/SELL 15min In Chiliz, on the 15-minute timeframe, given the presence of a resistance zone at 0.085, we can consider entering a short position with a break of the trendline and a pullback to the breakdown zone. We could then follow the trade until the support level of 0.078. For a short-term trade, we can enter at the base of 0.081 and exit the trade by completing our pullback to the broken upward trendline. I hope this was helpful for you. Good luck with your trades!
Short
by jawad369