CHZ (Chiliz) / USDT (Binance) Technical analysis
Hello,
Chiliz is associated with football fan tokens, and before the start of the FIFA World Cup in Qatar in 2022, the price was moving in an uptrend direction, and most of us expected some bullish movement to continue. The FIFA World Cup 2022 began on November 20, and the price of Chiliz was around $0.24 on that date. From November 20th, the price began to fall steadily until it reached its current level of $0.13. I am expecting that CHZ will change direction at position 1 or 2 on my chart, and we can expect the price to go back to $0,16. My prediction is that it will be bullish until the end of the tournament (FIFA, World Cup 2022), and that after the 18th of December 2022, or possibly a little later, it will turn bearish and enter a downtrend. If we are still going to move in a downtrend, then the next target is $0,11, and the strongest demand zone for Chiliz is at $0,08. My signal for trading CHZ / USDT is to go long on position 1/2 on my chart. The end of the FIFA World Cup 2022 in Qatar could have an effect on the price of this token.
Enjoy and have an amazing day!
BF
Chiliz is associated with football fan tokens, and before the start of the FIFA World Cup in Qatar in 2022, the price was moving in an uptrend direction, and most of us expected some bullish movement to continue. The FIFA World Cup 2022 began on November 20, and the price of Chiliz was around $0.24 on that date. From November 20th, the price began to fall steadily until it reached its current level of $0.13. I am expecting that CHZ will change direction at position 1 or 2 on my chart, and we can expect the price to go back to $0,16. My prediction is that it will be bullish until the end of the tournament (FIFA, World Cup 2022), and that after the 18th of December 2022, or possibly a little later, it will turn bearish and enter a downtrend. If we are still going to move in a downtrend, then the next target is $0,11, and the strongest demand zone for Chiliz is at $0,08. My signal for trading CHZ / USDT is to go long on position 1/2 on my chart. The end of the FIFA World Cup 2022 in Qatar could have an effect on the price of this token.
Enjoy and have an amazing day!
BF