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CHZ Technical Analysis Report | 3rd-November-2022

CHZ Technical Analysis Report


The FIFA World Cup is fast approaching and it’s time to focus on the Chillz token which is heavily involved in the upcoming international event and itself is a blockchain-based sports provider. Based on on-chain data available, CHZ’s 30-day Market Value to Realized Value Ratio (MVRV) was 12.81%. This Ratio was negative until 30th October […]
The post CHZ Technical Analysis Report | 3rd-November-2022 appeared first on ZebPay.

The FIFA World Cup is fast approaching and it’s time to focus on the Chillz token which is heavily involved in the upcoming international event and itself is a blockchain-based sports provider. Based on on-chain data available, CHZ’s 30-day Market Value to Realized Value Ratio (MVRV) was 12.81%. This Ratio was negative until 30th October and started rising since then, and if this rate continues, investors will soon recoup all their investments in CHZ. CHZ network growth had increased to 287. Likewise, the volume was impeccable with a 24 hours rise of around 30.7%.

At the time of writing, CHZ was trading at $0.246

CHZ Chart | 3rd November 2022
Chillz (CHZ) Chart

CHZ after making the recent high of $0.2828 on 23rd September made a ‘Spinning Top’ candle at the resistance of $0.2779 (78.6% Fibonacci Retracement Level) and witnessed a sharp correction. The prices fell almost by 43% and dropped to $0.1600. Post this move, the asset took multiple supports at the Horizontal Trendline of $0.1650 and rallied up to $0.25. The asset has strong resistance at $0.25. Once it breaks and closes above this, it can further rally up to $0.28 levels whereas $0.195 and $0.16 will act as strong support.

Support 2Support 1AssetResistance 1Resistance 2
0.160.195CHZ0.250.279

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptos viz. Bitcoin, Bitcoin Cash, Ethereum etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.

The post CHZ Technical Analysis Report | 3rd-November-2022 appeared first on ZebPay.





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