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On the eve of the World Cup, the asset was trading at $0.20-$0.21, let's call it the green zone.
However, after the start of the global tournament on November 20, the Chiliz network, which allows teams to create fan tokens, lost its bullish momentum and lost more than 20% in value.
On the technical side, the graph now looks like this:
At the moment, the asset is trading at $0.1789-$0.1870
I marked the support level on the chart with a red rectangle $0.17-$0.155 as a zone of interest.
I also highlighted a countertrend line on the chart, which is resistance. If we consider growth from support, then it will be in the order of 80% profit, I think that this can happen in a short time.
While we are watching how bitcoin continues to correct, with a further recovery, the CHZ asset will go up!
On the eve of the World Cup, the asset was trading at $0.20-$0.21, let's call it the green zone.
However, after the start of the global tournament on November 20, the Chiliz network, which allows teams to create fan tokens, lost its bullish momentum and lost more than 20% in value.
On the technical side, the graph now looks like this:
At the moment, the asset is trading at $0.1789-$0.1870
I marked the support level on the chart with a red rectangle $0.17-$0.155 as a zone of interest.
I also highlighted a countertrend line on the chart, which is resistance. If we consider growth from support, then it will be in the order of 80% profit, I think that this can happen in a short time.
While we are watching how bitcoin continues to correct, with a further recovery, the CHZ asset will go up!
