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CHILIZ Price Analysis: Trying to recover after the 7 September fall.

  • CHZ has a circulating supply of 5,897,640,034 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.
  • The token has shown the pattern of three inside up in the last 24 hours.
  • The RSI oscillator for CHZ shows the NEUTRAL action.
Tradingview

The last known price of the token, CHZ, is 0.3320 and is up by 3.26% over the last 24 hours. It has the current trading volume(s) of 302,279,203 with a gain of 43.85% over the last 24 hours. CHZ has addresses of 113,461 with the active address(es) of 655 in the last 24 hours. The chart above shows the movement of CHZ where 20 DMA has been running below it and even DMA-50 is below it. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-200 which is ahead one(SMA-20) SMA and also above the other(SMA-50). We see an upwards pattern here where the bullish win is visible and later that is from 7 August the token has been shifted to the sidewards trend. The trend line marked shows upwards shifting and then sidewards shifting. The candles forming now are about to touch the support level from trendline at level $0.324. CHZ has provided returns of 8% on an average when ran upwards.

Its top 10 and 20 holders have more than 85% holdings and top 50 and 100 have more than 90% which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 50.522 and marks the neutral action. MA-5, MA-10 and MA-20 show the sell action. MA-100 and MA-200 show the sell action. It is MA-50 that shows the buy action.

The bull/bear power has the value of -0.0012 and shows the sell action. The high/low marks the sell action with the value of -0.0006.

The CHZ-BTC pair is trailing at the level of 0.0000007083 and the loss of 0.73% was seen whereas the CHZ-ETH pair is trailing at the level of 0.00009812 and the gain of 0.84% was seen in the last 24 hours. The volume/market cap of the token is 0.1537 and its market dominance is 0.09%.

Conclusion: The days range for the coin is 0.320339-0.347623 and presently is at 0.332031. The 24 hours high and low of the coin is 0.348 and 0.3205 respectively. We observed that the coin is going higher from $0.320 and is moving sidwards. In the coming time it will be moving higher. 

It is a fine time to long the token now as SMA-20 is below SMA-50 and SMA-200

Technical Instruments:

Pivot: 0.333593

R-1: 0.335026

R-2: 0.335911

S-1: 0.332160

S-2: 0.331275

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour
Categories: News
Rajat Arya: Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.