"UFC®, the world’s premier mixed martial arts organization, and Chiliz, a leading blockchain provider for the sports and entertainment industries, have announced plans to launch a UFC Fan Token on fan engagement and rewards mobile app Socios.com."
Chiliz is world’s leading blockchain fintech provider for sports & entertainment Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure & uses CHZ as it’s exclusive on-platform currency.
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
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Chiliz is now providing a UFC Fan Token (This is a UFC Themed Cryptocurrency that fans can acquire and trade with eachother), this can potentially bring a new wave of users and interest to this Cryptocurrency and potentially lead to increases in value, not to mention there is a another strong sign, the Bull Flag Pattern which is explained below:
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Bull Flag Pattern: Click the below image for a educational idea on the Bull Flag Pattern.
Bull Flags are one of the most well known & easily recognized chart patterns.
The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern.
After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. The pattern is measured and added to the bounce area before the breakout for a potential target area.
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