A buying opportunity could arise on another leg downward for CHZ. However, at the time of writing, the FOMC minutes were yet to be released and this could induce volatility in the markets.Source: CHZ/USDT on TradingView
Yet, the market structure on the daily timeframe was bearish for Chiliz. The Relative Strength Index was below neutral 50, while the On-Balance Volume also formed a lower high and a lower low in November. This showed that selling pressure was strong in recent weeks and slightly dominant over the buying volume.
Source: News Formal (newsformal.com)
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