Indecision in CHZ
With the fall of this currency in the past month, fear has been created among the investors of this currency, which in a way has left the market undecided for CHZ.
Of course, it should not be forgotten that it has experienced very good growth earlier this year, and this is a correction for its previous trend, and Lee has said in some comments that this downward trend has continued a little longer than expected, and it is likely that this way The descent is slow.
But in some statements, there is a lot of hope for a return to the upward trend in this currency.
Impressions from the chart
As you can see, the 4-hour candlesticks have broken a strong support zone downwards, and now it is possible that this zone will act as a very strong resistance and cause the currency to fall more than before, in which case the price may fall. There that is shown.
But only a big shock can cause a breakout and shape the uptrend, which is possible given the history and rank of this currency.
With the fall of this currency in the past month, fear has been created among the investors of this currency, which in a way has left the market undecided for CHZ.
Of course, it should not be forgotten that it has experienced very good growth earlier this year, and this is a correction for its previous trend, and Lee has said in some comments that this downward trend has continued a little longer than expected, and it is likely that this way The descent is slow.
But in some statements, there is a lot of hope for a return to the upward trend in this currency.
Impressions from the chart
As you can see, the 4-hour candlesticks have broken a strong support zone downwards, and now it is possible that this zone will act as a very strong resistance and cause the currency to fall more than before, in which case the price may fall. There that is shown.
But only a big shock can cause a breakout and shape the uptrend, which is possible given the history and rank of this currency.