{"id":502763,"date":"2022-09-19T11:09:00","date_gmt":"2022-09-19T11:09:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=502763"},"modified":"2022-09-19T13:21:23","modified_gmt":"2022-09-19T13:21:23","slug":"chiliz-bulls-test-0-2505-resistance","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chiliz-bulls-test-0-2505-resistance\/","title":{"rendered":"Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone?"},"content":{"rendered":"

Increasing volume in Chiliz intraday trades pointed to a likely bullish comeback in the coin’s price.<\/p>\n

Since the start of trading today, the volume of Chiliz has increased from $395,564,490 to $694,854,345.<\/p>\n

Market capitalization rose from $1,203,242,510 to $1,222,317,487 as trading volume rose.<\/p>\n

Increases in both trading activity and market capitalization of this magnitude suggest that a turnaround may be in the works.<\/p>\n

This could be the case if we believe real-time data. A cup-and-handle pattern appears on the chart, suggesting a possible or current upswing.<\/p>\n

As a whole, the cryptocurrency market has been seeking to rebound from the unfavorable market conditions that have dominated the financial sphere, so the recovery should come as no surprise for Chiliz.<\/p>\n

\"\"<\/p>\n

Chart: TradingView.com<\/a><\/pre>\n
Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data<\/a><\/div>\n

The ensuing crashes in April\u2013August further reinforced the consensus that the crypto winter would last for some time.<\/p>\n

\n
<\/div>\n
Chiliz Bulls Facing $0.2505 Resistance<\/strong><\/div>\n<\/div>\n

The bulls in this market are currently testing the $0.2505 resistance level. Resistance at the 38.20 Fibonacci level sits at $0.2615, thus this price range is below that.<\/p>\n

Any price action for Chiliz above these levels would signal a continuation of the bullish trend that began at $0.2505 and is currently in play.<\/p>\n

Indicators provide a similar positive rebound narrative. The momentum indicator maintains a V-shaped pattern, indicating\u00a0that the present market trend is rising.<\/p>\n

The Awesome oscillator indicates a major bullish reversal at the 4-hour tick level. At the level of 5.78, the price oscillator indicates a strong buy signal for investors and traders.<\/p>\n

\n
Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data<\/a><\/div>\n<\/div>\n

The $0.2505 Barrier Poses Major Challenge<\/strong><\/h2>\n

To sustain current upward trend, it is necessary to overcome the barrier at $0.2505. This is the immediate resistance the bulls will encounter before a possible push towards the 38.20 Fibonacci level. Currently, though, the bulls may have overextended and lost some impetus.<\/p>\n

The price has failed to consolidate above the 50.00 Fib level, according to current data. This failure to surpass the 50.00 Fibonacci barrier and the following lack of momentum can transform the bullish price reversal into a bearish trend.<\/p>\n

A short examination of the 4-hour clock reveals the formation of a double triangular pattern that may influence the recovery of the coin. The base of the formation rests directly on the 78.60 Fib level.<\/p>\n

It is vital for bulls not to be swayed by this emerging pattern, as the CHZ coin’s recovery hinges on the larger price fluctuations at the 1-day tick mark.<\/p>\n

If the bulls maintain their pace, we may finally witness a net price increase in the coming days.<\/p>\n

<\/p>\n

CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Somag News, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"

Increasing volume in Chiliz intraday trades pointed to a likely bullish comeback in the coin’s price. Since the start of trading today, the volume of Chiliz has increased from $395,564,490 to $694,854,345. Market capitalization rose from $1,203,242,510 to $1,222,317,487 as trading volume rose. Increases in both trading activity and market capitalization of this magnitude suggest that a turnaround may be in the works. This could be the case if we believe real-time data. A cup-and-handle pattern appears on the chart, suggesting a possible or current upswing. As a whole, the cryptocurrency market has been seeking to rebound from the unfavorable market conditions that have dominated the financial sphere, so the recovery should come as no surprise for Chiliz. Chart: TradingView.com Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data The ensuing crashes in April\u2013August further reinforced the consensus that the crypto winter would last for some time. Chiliz Bulls Facing $0.2505 Resistance The bulls in this market are currently testing the $0.2505 resistance level. Resistance at the 38.20 Fibonacci level sits at $0.2615, thus this price range is below that. Any price action for Chiliz above these levels would signal a continuation of the bullish trend that began at $0.2505 and is currently in play. Indicators provide a similar positive rebound narrative. The momentum indicator maintains a V-shaped pattern, indicating\u00a0that the present market trend is rising. The Awesome oscillator indicates a major bullish reversal at the 4-hour tick level. At the level of 5.78, the price oscillator indicates a strong buy signal for investors and traders. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data The $0.2505 Barrier Poses Major Challenge To sustain current upward trend, it is necessary to overcome the barrier at $0.2505. This is the immediate resistance the bulls will encounter before a possible push towards the 38.20 Fibonacci level. Currently, though, the bulls may have overextended and lost some impetus. The price has failed to consolidate above the 50.00 Fib level, according to current data. This failure to surpass the 50.00 Fibonacci barrier and the following lack of momentum can transform the bullish price reversal into a bearish trend. A short examination of the 4-hour clock reveals the formation of a double triangular pattern that may influence the recovery of the coin. The base of the formation rests directly on the 78.60 Fib level. It is vital for bulls not to be swayed by this emerging pattern, as the CHZ coin’s recovery hinges on the larger price fluctuations at the 1-day tick mark. If the bulls maintain their pace, we may finally witness a net price increase in the coming days. CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com Featured image from Somag News, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":502764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,16198,86385,14690,1558,1947,3505],"class_list":["post-502763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-chiliz","tag-chz","tag-crypto-news","tag-cryptocurrency","tag-etheruem","tag-price-analysis"],"acf":[],"yoast_head":"\nChiliz Bulls Test $0.2505 Resistance - Can CHZ Reach Green Zone?<\/title>\n<meta name=\"description\" content=\"Increasing volume in Chiliz intraday trades pointed to a likely bullish comeback in the coin's price. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone?","url":"http:\/\/ktsl888.com\/news\/chiliz-bulls-test-0-2505-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/chiliz-bulls-test-0-2505-resistance\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Chiliz-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Chiliz-1.png?fit=695%2C382"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","chiliz","chz","crypto news","cryptocurrency","etheruem","price analysis"],"dateCreated":"2022-09-19T11:09:00Z","datePublished":"2022-09-19T11:09:00Z","dateModified":"2022-09-19T13:21:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chiliz Bulls Test $0.2505 Resistance – Can CHZ Reach Green Zone?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/chiliz-bulls-test-0-2505-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/chiliz-bulls-test-0-2505-resistance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Chiliz-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Chiliz-1.png?fit=695%2C382\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"chiliz\",\"chz\",\"crypto news\",\"cryptocurrency\",\"etheruem\",\"price analysis\"],\"dateCreated\":\"2022-09-19T11:09:00Z\",\"datePublished\":\"2022-09-19T11:09:00Z\",\"dateModified\":\"2022-09-19T13:21:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Chiliz-1.png?fit=695%2C382","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/502763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=502763"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/502763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/502764"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=502763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=502763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=502763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}