Рынок Чилиз (CHZ) готовится к потенциальному восстановлению после бокового движения.

During the past seven months, the price of Chiliz (CHZ) has lagged behind the broader cryptocurrency market recovery in 2023. While several major cryptocurrencies have regained 50% of their lost positions after previous declines, the price of CHZ has mainly fluctuated within a narrow range. However, a closer examination of the daily-hourly chart reveals that this sideways movement has turned into a `head and shoulders` pattern, which usually indicates a market bottom and a strong foundation for potential recovery. In a significant development, the price of CHZ has risen by 20% today, marking a breakout of the neckline of this pattern. This rise is accompanied by a significant squeeze in short positions, with bets totaling $944.16 million, according to Coinglass, a platform providing information on the derivative market. If CHZ can maintain its momentum above the recently crossed trendline, the coin may set a target of $0.134, representing a 25% increase. The Exponential Moving Average (EMA) technical indicator: Daily EMAs have started to tilt upwards, indicating a positive market sentiment towards this asset. Average Directional Index (ADX): A rising slope in the daily ADX with oscillation around 17% indicates sufficient buying strength for a sustained recovery. Related articles: Arthur Hayes expects Hong Kong to hinder the introduction of Bitcoin ETF in the West. The bullish trend of Bitcoin (BTC) will be suspended until the halving, which is why a top analyst predicts that Bitcoin will reach $300,000 during the pre-halving recovery.