Join Our Telegram channel to stay up to date on breaking news coverage
For the past three months, the price of CHZ/USD was ranging around $0.103 up until late July. The price took up a new trend after it had established new support between the 25th and 26th of July. That trend is still on the upside as the 14th to 17th of August witnessed very bullish market activities. This bullish trend was followed by three consecutive bearish candlesticks. These three candlesticks that we see from 18th to 20th are not necessarily a reversal of the trend as they had established another support level at $0.18252575. The trend is likely to continue in favour of the bulls
Chiliz Price Statistic Data:
- CHZ/USD price now: $0.19979688
- CHZ/USD market cap: $1,195,726,125
- CHZ/USD circulating supply: 8,888,888,888 CHZ
- CHZ/USD total supply: 8,888,888,888 CHZ
- CHZ/USD coin market ranking: #43
Key Levels
- Resistance: $0.15049387, $0.22318160, $0.19979688
- Support: $0.18252575, $0.14556588, $0.13324593
Your capital is at risk
Chiliz Price Analysis: Information From the Indicators
Soon after the uptrend started in late July, the price action moved above the 21-day and the 9-day moving average. In the Relative Strength Index (RSI), the signal line rises steadily and lingered at the threshold of the overbought region, but it is yet to cross into the overbought region. The RSI signal line continues at 68.64%. the faster line (RSI line) is retracing the upper position after a rebound from the overbought region. This frequent RSI line rebound from the overbought zone is signifying a very strong bullish market trend
Chiliz Price Analysis: CHZ/USD 4-Hour Chart Outlook
On the 4-hour chart, the bullish market sentiment is fairly strong as most of the trading sessions close in favour of the bulls. The characteristics of the candlesticks are short bodies. This means that the bears were not relegated. They are not just as strong as the bulls.
The signal line of the RSI indicator is retracing an upper position following the faster line which is already in the strong bullish zone. It is measuring 59.88%. with this kind of trend, the price may reach $0.2500000
Related
Join Our Telegram channel to stay up to date on breaking news coverage
