Chiliz is the top crypto asset for sports activities and entertainment that has the eponym of a Malta based FinTech provider. Chiliz has developed partnerships with many sports establishments of the world. FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain to name a few. By trading CHZ, fans can actually have a stake in their club (You can buy and sell these coins on ZebPay too).
At the time of writing, CHZ was trading at $0.2161.
CHZ after making the low of $0.081 started consolidating in a range from $0.09 to $0.12. The asset finally gave a breakout above the range and surged almost by 80% up to $0.229 within three weeks. On a daily time frame, CHZ is moving up by forming a ‘Higher High Top Higher Bottom’ pattern. The asset can face a strong resistance at the key level of $0.235 (Horizontal Trendline and 61.8% Fibonacci retracement Level) and we can expect some profit booking or consolidation at these levels whereas $0.12 and $0.16 can act as a strong support for the asset.
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| 0.12 | 0.16 | CHZ | 0.235 | 0.26 |
Disclaimer: Investments in crypto assets viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by the Author is for informational purposes only and should not be treated as investment advice.
