BitcoinMacro

Chiliz won't be chilling for much longer

Long
BINANCE:CHZUSDT   Chiliz / TetherUS
CHZUSDT had an 80% which is usually what a coin needs in order to complete its cycle and then start a new one. We've seen countless coins over and over, and especially in this alt season really bottom out anywhere between 70-95% down from their ATHs, no matter how big their previous pump was. Now CHZUSD has reclaimed some key levels and looking healthy.

CHZBTC (and CHZUSDT too) went through a massive accumulation period before CHZ started pumping like crazy. I really doubt it will go back down to retest that breakout, as currently CHZBTC looks like a slow reaccumulation that has ended and the price is ready to moon again. Most likely it will be slow, but for now it definitely looks bullish to me.

Chiliz is a well established platform, keeps growing and touches several of the most important markets like sports & esports in ways no other platform does. As gaming, gambling and nfts are booming, CHZ is definitely one of the best tokens to bet on despite it lagging so far. Maybe AXS, ENJ, MANA & SAND are better than CHZ (talking about big nft related cryptos), but it is definitely one to have for multiple reasons. The most important one to me is the fact that CHZ has been added to Coinbase, Bitstamp and Kraken which are definitely huge additions and could boost the price.


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