Chiliz Technical Analysis: CHZ/USD breaches $0.0146 with a 9% bull move
|- CHZ/USD is currently in a major daily uptrend.
- Chiliz has been holding daily EMAs for months but the RSI is overextended.
Chiliz has been one of the best-performing coins this year and it’s currently trading at $0.0143 after climbing to a high of $0.0146 on June 18. Buyers are comfortably placed above both EMAs but the daily RSI could signal a short-term pullback.
CHZ/USD daily chart
Clearly, bulls are in control and the 12-EMA at $0.0125 will serve as the next support level. If the 12-EMA is lost, buyers can use the 26-EMA at $0.0117 as the next support point before the low at $0.011 and the $0.01 psychological level.
CHZ/USD 4-hour chart
The 4-hour chart bull flag has been confirmed with a substantial follow-through by the buyers. The RSI is overextended but it doesn’t mean CHZ can’t see another leg up considering the strength of the current move.
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