CHZ Technical Analysis Report | 18th-AUG-2022

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 Technical Analysis Report | 18th-AUG-2022
Chiliz (CHZ) Chart

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 2Support 1AssetResistance 1Resistance 2

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.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

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