CHZ Processes the Stance to Swing High

On Sep 9, 2022

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Chiliz (CHZ) Price Prediction – September 9
Over a couple of trading days sessions back until the present, a correction has surfaced in the CHZ/USD market operations. And the situation has led the crypto economy t process the stance to swing high expectantly soon. Around March 13, 2021, the market recorded a high of $0.8915, and a low value in the last three years (sept27, 2019) stands at $0.004001. Price currently trades between $0.2021 and $0.1865 at an average percentage rate of 5.48 positive.

Chiliz (CHZ) Price Statistics:
CHZ price now – $0.1977
CHZ market cap – $1.2 billion
CHZ circulating supply – 6 billion
CHZ total supply – 8.9 billion
Coinmarketcap ranking – #45

CHZ/USD Market
Key Levels:
Resistance levels: $0.2300, $0.2800, $0.3300
Support levels: $0.1500, $0.1200, $0.0900

CHZ/USD Daily Chart
The Daily chart showcases the Chiliz market price processes a stance to swing high against the US Dollar, possibly in the near time. The 14-day SMA trend line is at a $0.1970 value line above the 50-day SMA trend line, which is at the $0.1564 point. The bullish trend drew northward to touch a bottoming trade axis closely below the trend line of the smaller SMA. The Stochastic Oscillators are in the oversold region, seemingly attempting to move northbound as they are at 10.81 and 17.88 range values.

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What is the critical point the CHZ/USD market can push lower further from its current trading price?

The critical point the CHZ/USD market can push lower further from its current trading of $0.1977 may have to around the $0.1564 value line of the 50-day SMA even though the crypto economy is processing the stance to swing high probably in no time. An extension of the point could be to down to around the $0.1500 support level before re-surfacing a series of upswings. Bulls should not let the trade push below the value line.

On the downside of the technical analysis, the CHZ/USD market bears appear to be heading to a stage of exhaustion of their selling forces. A pull-up appearance over the smaller SMA trend line bagging a reversal in its pursuance will let the market hold back, lowering for some more time. Nevertheless, short-position placers need to suspend the execution of a selling order that can ride on a motion to the downside because of the possible unpredicted rebound that can occur at any time.

CHZ/BTC Price Analysis

Chiliz’s market pushing capability against Bitcoin maintains a bullish trading outlook over some days. The cryptocurrency pair price processes the stance to swing high, trying to find support around the smaller SMA. The 50-day SMA indicator is at B0.00000722, and the 14-day SMA indicator is at B0.00000956. The Stochastic Oscillators are in the oversold region, positioning around 0.57 and 0.57 range values. It shows that base crypto is striving effortlessly to trend against the counter.

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