Category: Chiliz

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Chiliz Crypto News Filecoin Horizen Market Analysis Trading

Top 3 Coins to Watch Today: FIL, CHZ, ZEN – August 18 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Filecoin (FIL)

Filecoin FIL is a decentralised storage system that aims to “store humanity’s most important information”. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is an open protocol backed by a blockchain that records commitments made by the network’s participants, with transactions using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-space-time.

FIL Price Analysis

At the time of writing, FIL is ranked the 33rd cryptocurrency globally and the current price is US$8.22. Let’s take a look at the chart below for price analysis:

Source: TradingView

FIL has dropped 85% from its Q2 highs, finding support near $5.16 before starting a consolidation range. This level, near the lows, could continue to provide support. A year-long consolidation from 2019 to 2020 pivoted around this level many times. It’s also near the middle of the last down candle before 2020’s massive rally. A retest of this level would run bulls’ stops under swing lows formed in late June and early July.

The price is testing a closer area of possible support near $7.83. Bulls rejected bears many times in early July at this level. It’s also in the upper part of July’s swing low candle. The closest resistance is likely near $8.65. This area, up to $9.40, shows inefficient trading on the daily chart. It also contains the 9 and 18 EMAs.

If the price breaks through this level, it may aim for bears’ stops above $9.72. Even if it doesn’t reach these stops, the area between $9.96 and $10.18 could provide a bearish setup. Here, bears rejected bulls near the bottom of an area of inefficient trading on the weekly chart.

If the market turns more bullish, a rally beginning in this range may be aiming for the new monthly highs, near $10.40. This level is near the bottom of an area of inefficient trading on the daily chart.

2. Chiliz (CHZ)

Chiliz CHZ is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement and rewards platform, Socios.com. Here, fans can purchase and trade branded fan tokens as well as having the ability to participate, influence, and vote in club-focused surveys and polls. Founded in Malta in 2018, the company states its vision is to bridge the gap between active and passive fans, providing millions of sports fanatics with a fan token that acts as a tokenised share of influence.

CHZ Price Analysis

At the time of writing, CHZ is ranked the 46th cryptocurrency globally and the current price is US$0.2196. Let’s take a look at the chart below for price analysis:

Source: TradingView

CHZ‘s stunning rally to $0.2550 plummeted over 13% to sweep consolidation lows at $0.1925. This could set the stage for a new bullish cycle to begin. 

The price is currently balancing around the monthly open. A quick stop run into support beginning near $0.1820 could set the stage for a move into the daily gap beginning near $0.1735, potentially reaching resistance near $0.2437.

A sweep of the highs near $0.2558, followed by a sharp sell-off, hints that bulls are preparing to run the swing high near $0.2647. This run could find the next resistance around $0.2846 in the candle wick that created the monthly high. If the market remains bullish, the price will likely reach into possible resistance near $0.3028.

3. Horizen (ZEN)

Horizen ZEN is an interoperable blockchain system supported by a decentralised node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo. Horizen claims to be completely decentralised, fully customisable with privacy features, and supports low costs associated with building blockchains with configurable revenue models and an unlimited number of tokens and digital assets.

ZEN Price Analysis

At the time of writing, ZEN is ranked the 126th cryptocurrency globally and the current price is US$20.98. Let’s take a look at the chart below for price analysis:

Source: TradingView

ZEN saw an energetic run during Q1, climbing approximately 70% before cooling off into resistance beginning near $32.85 that pinned down last month’s attempt to rally, which is likely to retest possible support near $15.64.

A deeper marketwide retracement could take out the relatively equal lows below the weekly open and support near $18.23. This move may offer entries near probable support between $17.47 and $16.78.

However, more bullish market conditions may prompt a rally to the relatively equal highs near $24.67 into resistance beginning at $26.46. If the price reaches this level, the last high at $29.58 gives the next likely target before price discovery begins.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Chiliz Crypto News Market Analysis OMG Network Ripple Trading

Top 3 Coins to Watch Today: XRP, CHZ, OMG – August 3 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Ripple (XRP)

Ripple XRP is the currency that runs on a digital payment platform known as RippleNet, on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and not based on a blockchain, but rather the aforementioned distributed ledger database.

XRP Price Analysis

At the time of writing, XRP is ranked the 6th cryptocurrency globally and the current price is US$0.3754. Let’s take a look at the chart below for price analysis:

Source: TradingView

XRP printed some gains during Q1 and Q2 after moving sideways for the past few weeks. The price is in a downtrend, with the 9, 18 and 40 EMAs providing resistance on each attempt to rally.

However, bulls are showing some interest at the 73% retracement, near $0.3610. If this level breaks, a move into possible support – just below the lows near $0.3245 – seems likely.

If the price does rally through the swing high at $0.3955 – perhaps triggered by a sudden surge in Bitcoin – bulls might find some resistance at the 61.8% retracement level near $0.4250. 

Overlapping swing highs and lows near $0.4526 may provide the next target, where bears immediately forced the price down in late December.

More bullish market conditions could shift targets to up near the midpoint of Q1’s consolidation, around $0.5132, where higher timeframes show an inefficiently traded zone.

2. Chiliz (CHZ)

Chiliz CHZ is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement and rewards platform, Socios.com. Here, fans can purchase and trade branded fan tokens as well as having the ability to participate, influence, and vote in club-focused surveys and polls. Founded in Malta in 2018, the company states its vision is to bridge the gap between active and passive fans, providing millions of sports fanatics with a fan token that acts as a tokenised share of influence.

CHZ Price Analysis

At the time of writing, CHZ is ranked the 60th cryptocurrency globally and the current price is US$0.1423. Let’s take a look at the chart below for price analysis:

Source: TradingView

CHZ‘s stunning rally to $0.1650 plummeted over 23% last week to sweep consolidation lows at $0.1055. This could set the stage for a new bullish cycle to begin. 

The price is currently balancing around the monthly open. A quick stop run into support beginning near $0.1420 could set the stage for a move into the daily gap beginning near $0.1705, potentially reaching resistance near $0.1837.

A sweep of the highs near $0.1958, followed by a sharp sell-off, hints that bulls are preparing to run the swing high near $0.2147. This run could find the next resistance around $0.2346 in the candle wick that created the monthly high. If the market remains bullish, the price will likely reach into possible resistance near $0.2528.

3. Omg Network (OMG)

Omg Network OMG, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and more cheaply than when transacting directly on the Ethereum network. The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stackable – helping to secure the network in return for rewards.

OMG Price Analysis

At the time of writing, OMG is ranked the 110th cryptocurrency globally and the current price is US$2.21. Let’s take a look at the chart below for price analysis:

Source: TradingView

OMG‘s 37% drop has filled the June monthly gap twice as the price consolidated between $1.82 and $2.40.

The price’s current region, between $2.20 and $2.35 and just under the monthly open, could continue to give support. If this area holds, the cluster of relatively equal range highs up to $2.60 is a likely target. 

An animated move through these highs could reach up to the daily gap beginning at $2.85. The area between $2.96 and $3.10 provides a likely cap for a move into this zone.

A drop lower could be a run-on stop under $2.00 and find support near $1.94. If this level is lost, the swing low at $1.85 is a likely target, with $1.79 possibly giving support.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Chiliz FTX NFTs Sports

Chiliz (CHZ) Surges Amid Launch of Testnet Enabling Sports Brands to Mint NFTs

Chiliz, creator of the fan token Socios, is inviting brands to build alongside it on Chiliz Chain 2.0 blockchain network, which launched its first testnet on March 31.

The digital asset sporting project has announced the launch of the Scoville testnet for its newly established layer-1 blockchain network, Chiliz Chain 2.0, also known as CC2.

CC2 is aiming to advance the Web3 capabilities of high-profile sporting and entertainment firms to create NFTs and fan tokens, and construct DeFi applications and play-to-earn games along with implementing a range of programs and services for their community:

Chiliz Scores High on the Scoville Scale

Chiliz has defined the fan token market with its Socios platform, signing football heavyweights such as FC Barcelona, Paris Saint-Germain and Juventus, along with the UFC, F1 teams and esports clubs, with more than 130 partners in total. Argentinian football superstar Lionel Messi has signed on as the new face of the platform.

Chiliz grabbed the attention of the crypto world when its native token CHZ grew 7,000 percent in three months amid major sports partnerships. The token also pumped after a partnership with FTX was announced in September 2021.

CC2 to Run on Brand-New Blockchain BNB

The firm has bigger ambitions beyond fan tokens, which is the reason it is developing a second-generation blockchain to allow other sports and entertainment brands to build all sorts of Web3 applications alongside Socios. A rollout for a planned mainnet is scheduled for later in 2022. With CC2, the firm will shift away from its current blockchain that is forked from Ethereum to a brand-new one built on the BNB Chain.

According to chief strategy officer Max Rabinovitch, it has always been Chiliz’s plan to expand from its initial fan token focus into the wider crypto ecosystem – to let IP holders and other builders tap into a broader platform powered by the CHZ token. The broader fan token ecosystem generates billions in monthly trading volume, with the largest listed fan token, Socios’s Manchester City FC (CITY) token having a market cap of over US$58 million.

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Aave Chiliz Crypto News Market Analysis Trading VeChain

Top 3 Coins to Watch Today: CHZ, VET, AAVE – March 31 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Chiliz (CHZ)

Chiliz CHZ is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement and rewards platform, Socios.com. Here, fans can purchase and trade branded fan tokens as well as having the ability to participate, influence, and vote in club-focused surveys and polls. Founded in Malta in 2018, the company’s vision is to bridge the gap between active and passive fans, providing millions of sports fanatics with a fan token that acts as a tokenised share of influence.

CHZ Price Analysis

At the time of writing, CHZ is ranked the 64th cryptocurrency globally and the current price is US$0.3092. Let’s take a look at the chart below for price analysis:

Source: TradingView

CHZ‘s stunning rally to $0.5350 plummeted over 70% after December to sweep consolidation lows at $0.2155. This could set the stage for a new bullish cycle to begin. 

The price is currently balancing around the January monthly open. A quick stop run into support beginning near $0.2732 could set the stage for a move into the daily gap beginning near $0.2605, potentially reaching resistance near $0.2437.

A sweep of the highs near $0.3258, followed by a sharp sell-off, could hint that bulls are preparing to run the swing high near $0.3547. This run could find the next resistance around $0.3836 in the candle wick that created the monthly high. If the market remains bullish, the price will likely reach into possible resistance near $0.4128.

2. VeChain (VET)

VeChain VET is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management. The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. The idea is to boost the efficiency, traceability, and transparency of supply chains while reducing costs and placing more control in the hands of individual users.

VET Price Analysis

At the time of writing, VET is ranked the 34th cryptocurrency globally and the current price is US$0.08355. Let’s take a look at the chart below for price analysis:

Source: TradingView

VET‘s 45% move during last week ran into resistance near $0.08420, at the 27% extension of the Q1 swing.

An old high and the 18 EMA have provided support near $0.06833 and might give support again on a retest. This area also has confluence with the 50% and 62.8% retracements of November’s swing.

Just below, near $0.06493, the 55.8% retracement of the current Q4 swing might also mark an area of support. 

If the market turns bearish, $0.06172 is unlikely to be revisited but could see interest from bulls during any deeper retracement.

An area near $0.09018, at the 50% extension of the summer’s swing, could see some profit-taking if bulls break the current resistance near $0.09378. Above, old consolidations near $0.09525 and $0.09872 may also provide some resistance before another round of price discovery.

3. Aave (AAVE)

AAVE is a decentralised finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. AAVE provides holders with discounted fees on the platform, and it also serves as a governance token – giving owners a say in the future development of the protocol.

AAVE Price Analysis

At the time of writing, AAVE is ranked the 48th cryptocurrency globally and the current price is US$229.86. Let’s take a look at the chart below for price analysis:

Source: TradingView

AAVE‘s strong downtrend that began during mid-January has retraced most of its Q1 move, recently sweeping lows near $160.

A sweep of the relatively equal lows near $217 into possible support around $210, combined with bullish market conditions, could be the catalyst that begins to form a bottom. If this level fails, bulls might buy the monthly gap’s low near $198.

The swing high near $248 may form resistance to any sudden pumps as holders unload some of their position. A more substantial move might sweep relatively swing highs into probable resistance near $256, potentially reaching up to the new monthly high near $265 and $280.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Basic Attention Token Chiliz Loopring Market Analysis Mirror Protocol The Crypto Den Trading

TradeRoom: Our Weekly Crypto Trades Analysis – Mar 28, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

Finally, after two months of a choppy sideways market, we have movement! The TOTAL cap and BTC have chosen the 30% chance of an upside breakout with the TOTAL sitting just above US$2 trillion. This is the first solid change in market structure we’ve seen in months, and we’re now above the daily 200 EMA. Still some work to do, though! Let’s take a closer look.

TOTAL market cap

For a BTC long trade, I’ll be waiting for a pullback to enter. What I want to see here is a confirmed and clear S&R flip. What I’m cautious of is a bull trap (something like the white arrow line happening), which is why we wait for confirmation. A test on support followed by some positive candlestick analysis and maintaining price action above that 200 EMA on the daily will support this. This is what SAFE traders do. We don’t just ape into a pump and hope for moon.

BTC/USDT

If this push fails, you can see I have a game plan ready either way and this will also be the case for any ALT trades.

This Week’s Trades

CHZ/USDT

Currently being held up on the daily 200 EMA, I see opportunity for CHZ to pull back and confirm an S&R flip for a long entry. Again, a positive change in market structure is great – we just need that first confirmation.

BAT/USDT

BAT has broken out of a four-month downtrend and tested it positively with a nice bounce. If BTC price action continues, BAT could see a decent 50% pump. Like all coins at the moment, there are still some walls to push through but the risk to reward ratio (R:R) on this trade looks good. I’d expect this to play well with a big green candle above US$1.00.

BAT/USDT

MIR/USDT

Quite an aggressive trade getting in long here before a breakout, but the R:R is pretty good. MIR is lagging behind the pack and a 50% pump isn’t out of the question.

MIR/USDT

LRC/USDT

LRC is forming a bullish pennant right on the 100 and 200 daily EMA, as well as daily resistance. A breakout here and there’s potential for 70%! If you look left, you can see LRC did 70% over only four days back in November 2021.

LRC/USDT

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It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Binance Coin Chiliz Crypto News Market Analysis Ripple Trading

Top 3 Coins to Watch Today: BNB, XRP, CHZ – March 7 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Binance Coin (BNB)

Binance BNB is the biggest cryptocurrency exchange globally, based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of world financial activity. Aside from being the largest cryptocurrency exchange, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. Binance Coin is an integral part of the successful functioning of many of the Binance sub-projects.

BNB Price Analysis

At the time of writing, BNB is ranked the 4th cryptocurrency globally and the current price is US$383.55. Let’s take a look at the chart below for price analysis:

Source: TradingView

After a 25% decline during February, BNB has ranged between $360 and $410. The recent price recovery was approaching probable resistance near $408 but could be aiming for stops above the relatively equal highs near $420. Continuation of the trend could target the daily gap near $435.

Aggressive bulls might add to positions near $395 and $387. Price action near $375 may be more likely to provide support – if it gets there – during any retracements.

Relatively equal lows clustered around $369 seem likely to be swept if the bearish trend resumes. If this move occurs, the price might find support at the significant higher-timeframe level near $360.

2. Ripple (XRP)

Ripple XRP is the currency that runs on a digital payment platform called RippleNet, on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and not based on a blockchain, but rather the previously mentioned distributed ledger database.

XRP Price Analysis

At the time of writing, XRP is ranked the 6th cryptocurrency globally and the current price is US$0.7402. Let’s take a look at the chart below for price analysis:

Source: TradingView

XRP printed some gains during last week before moving sideways for the rest of the month.

The price was in a downtrend, with the 9, 18 and 40 EMAs providing resistance on each attempt to rally. However, bulls are showing some interest at the 71.6% retracement, near $0.7472. If this level breaks, a move into possible support – just below the lows near $0.6952 – seems likely.

If the price does rally through the swing high at $0.8055 – perhaps triggered by a sudden surge in Bitcoin – bulls might find some resistance at the 61.8% retracement level near $0.8450. 

Overlapping swing highs and lows near $0.8946 might provide the next target, where bears immediately forced the price down in late December.

More bullish market conditions could shift targets up near the midpoint of Q3’s consolidation, near $0.9517, where higher timeframes show an inefficiently traded zone.

3. Chiliz (CHZ)

Chiliz CHZ is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement and rewards platform, Socios.com. Here, fans can purchase and trade branded fan tokens as well as having the ability to participate, influence, and vote in club-focused surveys and polls. Founded in Malta in 2018, the company’s vision is to bridge the gap between active and passive fans, providing millions of sports fanatics with a fan token that acts as a tokenised share of influence.

CHZ Price Analysis

At the time of writing, CHZ is ranked the 68th cryptocurrency globally and the current price is US$0.1766. Let’s take a look at the chart below for price analysis:

Source: TradingView

CHZ‘s stunning rally to $0.3150 plummeted over 70% during January to sweep consolidation lows at $0.1655. This could set the stage for a new bullish cycle to begin. 

The price is currently balancing around the monthly open. A quick stop run into support beginning near $0.1732 could set the stage for a move into the daily gap beginning near $0.1685, potentially reaching resistance near $0.1934.

A sweep of the highs near $0.2132, followed by a sharp sell-off, could hint that bulls are preparing to run the swing high near $0.2247. This run could find the next resistance around $0.2436 in the candle wick that created the monthly high. If the market remains bullish, the price will likely reach into possible resistance near $0.2618.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.