Chiliz price is contained inside a head-and-shoulders pattern on the 4-hour chart. CHZ faces a significant resistance point which stops it from advancing further. The digital asset needs to hold a crucial support level to avoid a massive fall. Chiliz price is down by 44% since its all-time high of $0.84 on April 16. The digital asset has experienced massive volatility in the past several weeks after several positive announcements. Chiliz price must hold crucial support level On the 4-hour chart, it seems that CHZ has formed a head-and-shoulders pattern with its neckline located at $0.47. A 4-hour candlestick close below this key point would confirm a breakdown of the pattern. CHZ/USD 4-hour chart The height of the pattern from the top to the neckline is 44% which would also be the long-term price target of the breakdown. There are other price targets on the way, first at $0.435 and the second at $0.366 which are previous lows of CHZ. The biggest asset of the bulls is the 26 EMA on the daily chart which has held the price for several months. CHZ/USD daily chart If Chiliz can stay above this key support level, it can quickly shoot up toward $0.60 at the 61.8% Fibonacci retracement level as there isn’t a lot of resistance ahead. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next S&P 500 Index extends slide into second straight day FX Street 2 years Chiliz price is contained inside a head-and-shoulders pattern on the 4-hour chart. CHZ faces a significant resistance point which stops it from advancing further. The digital asset needs to hold a crucial support level to avoid a massive fall. Chiliz price is down by 44% since its all-time high of $0.84 on April 16. The digital asset has experienced massive volatility in the past several weeks after several positive announcements. Chiliz price must hold crucial support level On the 4-hour chart, it seems that CHZ has formed a head-and-shoulders pattern with its neckline located at $0.47. A 4-hour candlestick… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
