Chiliz (CHZ) technical analysis:
Trade setup: Bullish break above $0.085 resistance signals continuation of uptrend with upside potential to $0.10 next. Previously, price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.
Trade setup: Bullish break above $0.085 resistance signals continuation of uptrend with upside potential to $0.10 next. Previously, price broke above $0.06 resistance and 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.060 (previous resistance), then $0.055. The nearest Resistance Zone is $0.085, then $0.100.