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mapes2751
Nov 26, 2023 5:06 PM

CHZUSD Long Long

Chiliz / United States DollarCoinbase

Description

This appears to be forming a cup and handle. I put it on the 4 hour to show the support levels on the way up. You could easily zoom out to the daily and see the pattern better. Would have to continue and show a break at the neckline and hold support on chart for validation. Please any comments would be great as I'm new to TA, thanks!

Trade active

Neckline is slightly higher at the .0855 - .086 or so. Need to break this and go up for cup and handle, thanks

Comment

Also, if BTC drops, this and most other coins are going with it. I guess it just depends on what BTC does overall, thanks

Comment

Trying to establish support around .734, if not, headed down more than likely

Trade closed: stop reached

As you can see we broke neckline to downside
Comments
mapes2751
Trying to establish support around .734, if not, headed down more than likely
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