Cheelee (CHEEL)
1. Fundamental Analysis
1.1 Introduce
Cheelee is a GameFi short video platform that follows an Attention Economy approach. Cheelee is the first social media platform to prioritize ordinary users. Users watch videos as they always have, but now they are paid for it. This makes Cheelee a unique and socially significant project because it includes the vast majority of social media users in the earning system for the first time.Our mission is to provide everyone the opportunity to monetize their time on social media.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CHEEL | Market Cap | 466002001.89403 |
| Name | Cheelee | White Paper | -- |
| Web Site | https://cheelee.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | |
| Available Supply | 56801804.22891678 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart shows a series of patterns and movements that can be interpreted in the following ways:
- The price has been fluctuating within a range of approximately 8.07 to 12.6 over the past month.
- There is a strong support level around 8.10 to 8.15.
- The price has been rising from the beginning of December, showing an upward trend.
- The volume has been increasing since the end of November, indicating higher interest in the asset.
- There are several high-volume days in late December, which could suggest a significant market movement.
- The price has been forming higher highs and higher lows, which is a sign of an uptrend.
- The price has shown a strong bullish reversal on December 19th, jumping from 8.80 to 9.489.
- The price has formed a descending triangle pattern from late December to early January, which could indicate a potential bearish trend reversal.
- The price has broken through the descending triangle pattern on January 2nd, indicating a potential continuation of the upward trend.
- The volume has been decreasing since the beginning of January, which could suggest a lack of interest in the asset.
Conclusion: The price is currently showing a potential continuation of the upward trend, but there is also a possibility of a bearish trend reversal. It is recommended to be cautious and monitor the market closely for any signs of a trend reversal.
