Chiliz (CHZ) Price Analysis: A Significant Upward Movement May Begin in CHZ!

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Popular crypto currency the unit Chiliz (CHZ), showing three long green candles in a row, which have gained over 94% on the weekly chart, indicating a stable rally. Yesilmaz is currently trading on the green candlestick.

Chiliz (CHZ) Continues Its Rally

The popular cryptocurrency was trading at $0.30 last month, but after a sudden increase, it rose to $0.66 and recorded its highest level in 7 months.

But crypto currency the unit made a correction immediately after the rise, and the price declined to the 0.38 dollar levels. The price has already been rising for some time. In addition CHZ looking at his chart, it seems that the trend is upward.

On the other hand, the DECZ price has increased by more than 94% over the past three weeks, forming three consecutive bullish candlesticks on the weekly chart. The token price is currently on the verge of a significant resistance of $ 0.57 and is preparing for the next bull run.

In addition Chiliz (CHZ), which marks a solid bullish alignment of the major EMAS (20, 50, 100, and 200) on the daily timesheet chart. If the price starts to fall, then these EMA lines will serve as a good support for the price. So much so that the Relative Strength Index value at 68, The price of CHZshows that s has steadily increased.

The popular cryptocurrency Chiliz (CHZ) continues to see trading at the level of $0.57, which is down 8% in the last 24 hours according to CoinMarketCap data as of the time the content was penned.

Chiliz Price Expectations

The CHZ price is a rising one on the 4-hour chart the triangle formation posed. The resistance of the triangle’s neckline is close to the 0.53 dollar mark, and the price has made a definite exit from this general resistance.

If the popular cryptocurrency manages to remain at the stage of retesting and above the price pattern neckline at the moment, the chances of Chiliz (CHZ) regaining the resistance of 0,58 dollar will be quite high. Also, the MACD indicator, the MACD and the fact that the signal moves above the neutral zone are popular altcoin  it signals an upward momentum for

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