Hello traders.
as you can see CHZ is at an important zone , this zone is the intersection of triangle bottom side and red dynamic line.
there is 2 different scenarios:
1.rejection from here and triangle breakout to the upside , in this case we can take buy position after breakout.
2.triangle break out to the down side , in this case we can expect the price to reach to the black dynamic support .
as you can see CHZ is at an important zone , this zone is the intersection of triangle bottom side and red dynamic line.
there is 2 different scenarios:
1.rejection from here and triangle breakout to the upside , in this case we can take buy position after breakout.
2.triangle break out to the down side , in this case we can expect the price to reach to the black dynamic support .
Trade closed: target reached