BINANCE:CHZUSDT has been in the stage of forming an uptrend for the last half a year, but lags behind the general movement of altcoins. But, the coin is testing trend resistance, the break of which may give a surge of volatility.
On the weekly timeframe, the market has obviously formed a bottom at 0.05, after which a reversal set-up with a positive long-term perspective is formed. But, for such realization the price needs to leave the resistance of 0.1640 range. On D1, the price is testing the resistance of the uptrend for a breakout. It is possible correction and retest of the nearest support area: 0.11637 - 0.10981. But, consolidation above the channel resistance and above 0.12000 will form a gorgeous bullish potential to realize a bullish distribution towards 0.14 and 0.18.
Resistance levels: 0.120 Support levels: 0.11637, 0.10981
I expect that the attempt to break through the resistance may be successful. The coin has a little bit delayed with its growth and in the near future can show a good result of 19%, 30% and 50%