CHZ: Bullish Pullback in Uptrend

Trade setup: Price got rejected 4x at $0.27 resistance zone. Pullback near $0.15 support (also 200-day moving average) could be a swing entry in Uptrend with upside potential back to $0.27. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC.

Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.18 (previous support), then $0.27.