As you can see in weekly timeframe chz has broken the trendline which was forming since october'21 & retested and confirmed it as a support. since then price rallied towards upside and got rejected by fib golden ratio and got the support on 0.18 which is also fib 0.382 ratio & as of now it's acting as a strong support.
Price is now trying to break the nearest strong resistance around 0.2090. once price close above 0.2378 in daily or weekly the price could reach towards 0.3311 first and then above level by level.
NOTE - chz is a platform for trading football fan tokens & worldcup is also around the corner.it could go parabolic.
Price is now trying to break the nearest strong resistance around 0.2090. once price close above 0.2378 in daily or weekly the price could reach towards 0.3311 first and then above level by level.
NOTE - chz is a platform for trading football fan tokens & worldcup is also around the corner.it could go parabolic.
Comment:
Please check the updated chart in a different & current analysis.