Hello Traders!
CHZ is moving within the downtrend. The local uptrend started, following the price getting a reaction from the MA100 on the weekly timeframe.
Based on the situation in the market, we can assume another wave of reduction. In this case, medium-term positions will be interesting.
Purchases can be considered in the range of 0.050-0.087$.
The targets will be the price levels of $0.25 and $0.33
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
CHZ is moving within the downtrend. The local uptrend started, following the price getting a reaction from the MA100 on the weekly timeframe.
Based on the situation in the market, we can assume another wave of reduction. In this case, medium-term positions will be interesting.
Purchases can be considered in the range of 0.050-0.087$.
The targets will be the price levels of $0.25 and $0.33
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice