In this idea, we warned that the coin requires correction, as a result of -40% in the value of CHZ and a minimum of $0.366
Now it turns out that the correction turns into a consolidation triangle
Those interested can try to trade within the triangle, the price movement range is more than 50%
Consolidation in a triangle can result in two equivalent scenarios:
1) Breakout up with the target of $1. 40
2) Breakout downward with a target of $0.15
Therefore, you need to carefully monitor how the CHZUSD price will behave in consolidation, and for this, put like under this idea and write comments with thoughts on how the price will move and what news will contribute to this.
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Also, you can check the order book and see for yourself the support at 0.61.