Market & Ticker: Chiliz  CHZ/USDC

Date: 05/12/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

Scenario:  
 
CHZ (Chiliz) is showing strong bullish elements on a weekly chart basis (see below) opening a potential towards the previous ATH at 0,90 
On the short-term perspective, the trendline surpass confirm the exit from the multi weeks consolidation opening 0,26 
 
As long as 0,10 remain a tactical support valid (daily close) a larger rise to 0,1780 is expected before 0,26 in extension. 
 
Technical Key Elements: 
- bullish exit from multi weeks consolidation 
- RSI Indicator is positive – no divergence 
- The Moving average are support 
- Fibonacci key support is adjusted at 0,10 while the key resistance is adjusted at 0,1780 and 0,26 

 
Trade Idea conclusion:  Bullish - Conviction (High) 

Target 2: 0,26 

Target 1: 0,1780 

Tactical support: 0,10 (daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

Disclaimer: The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.