Join Our Telegram channel to stay up to date on breaking news coverage
Sellers’ pressure increases in Chiliz market
Chiliz (CHZUSD) Price Analysis – October 03
In case sellers put in more asset the key support level of $0.17 may be broken downside and the low of $0.13 and $0.10 may be reached. When buyers increase their momentum, resistance level of $0.22 may be broken upside then, $0.26 and $0.28 levels may be tested; Chiliz
CHZ/USD Market
Key Levels:
Resistance levels: $0.22, $0.26, $0.28
Support levels: $0.17, $0.13, $0.10
CHZUSD Long-term Trend: Bearish
Chiliz is under sellers’ control. The price bottomed at the support level of $0.10. The price consolidate for many days at the same level. The bulls gained momentum and push the price to break up the resistance levels of $0.13 and $0.17. It pulled back and retest the $0.17. The price broke up the resistance level of $0.22 and tested the resistance level of $0.28 on September 23. The price is pulling back at the moment.
The daily chart has shown that sellers are dominating the market. The price action has formed a double top chart pattern on the daily chart. At the moment, the price is carrying out retracement. In case sellers put in more asset the key support level of $0.17 may be broken downside and the low of $0.13 and $0.10 may be reached. When buyers increase their momentum, resistance level of $0.22 may be broken upside then, $0.26 and $0.28 levels may be tested. The Relative Strength Index (14) is at 45 level pointing down to indicate sell signal.
Your capital is at risk
CHZUSD Medium-term Trend: Bearish
Chiliz is bearish in the 4-hour chart pattern. The crypto performance has been under the bulls’ pressure in the 4 hour chart. After the breakout from the long time consolidation. The price steadily increase. The resistance level of $0.28 was tested on September 23. The sellers’ pressure rejected the increase and it is currently pulling back.
The price is trading below 9 periods EMA and 21 periods EMA as an indication that the sellers are in control. The Relative Strength Index period (14) bend up at 37 level indicating buy signal.
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Maximum Supply of 2 Bn, Token Burn
- Now Listed on OKX, Bitmart, Uniswap
- Upcoming Listings on LBank, MEXC
Join Our Telegram channel to stay up to date on breaking news coverage
- analysis
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- CHZUSD
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- decentralized
- DeFi
- Digital Assets
- ethereum
- InsideBitcoins
- machine learning
- Marketing
- Marketing. Technical analysis
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- Trading
- W3
- zephyrnet