Chiliz/TetherUS

Chiliz (CHZ/USDT) Long-Term Analysis: Looking at Investment Opportunities

This analysis is a long-term view of the Chiliz/TetherUS chart. It aims to find good points to buy and sell, both for long-term and short-term trades.

Section 1: Long-Term Upward Channel Analysis

Explanation: The Chiliz chart has been moving in an upward channel each month. We saw the channel break to collect monthly liquidity, which is normal. This break points to a price ceiling as the main goal for the currency.

Strategy: To make a long-term buy, we need to keep watching and updating the weekly chart. A big correction in the crypto market is expected, which should bring the price to a good buying range.

Section 2: Short-Term Downward Channel Analysis

Explanation: A downward channel is also visible on the chart. Each time the top of this channel breaks, a new price floor is created.

Strategy: This downward channel can be used for short-term buying and selling until the price reaches the main buying target.

Section 3: Important Price Levels

Support Line: 0.0306
Monthly Liquidity: 0.0154
Ideal time to buy with Confirmation: 0.0106

If you draw this analysis on your chart, you can buy when the price reaches the bottom of the channel and sell when it reaches the top. This strategy works until the price reaches its main buying target.

Section 4: Fundamental Analysis

Fundamental News: Football club A.S. Roma is launching a new fan token with Socios.com (source). This token lets fans participate in decisions, get exclusive rewards, and have VIP experiences. The fan tokens are based on the Chiliz (CHZ) blockchain.

Impact: This news could increase demand for CHZ, as it is needed to buy and use these tokens. Also, working with a well-known club like A.S. Roma can boost Chiliz's position in sports and entertainment.

Wishing you all the success!
Fereydoon Bahrami
A retail trader in the Wall Street trading Center (Forex)

Risk Disclosure:

Trading in the crypto market is risky due to high price changes. This analysis is just one person's opinion and shouldn't be taken as financial advice. Before investing, it's best to talk to a financial advisor and do your own research. You are responsible for any profits or losses from this analysis.