#CHZUSDT Bullish Pennant
Trade setup: Price is in an uptrend but has reached $0.27 resistance zone where it got rejected 2x in recent months. It’s also somewhat overbought (RSI > 70). Wait for price 1) break above $0.27 to resume uptrend, or 2) pull back for a swing entry in uptrend. (set a price alert. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $0.18, then $0.14. The nearest Resistance Zone is $0.27, then $0.33.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $0.18, then $0.14. The nearest Resistance Zone is $0.27, then $0.33.
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