Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S UPDATE CHZ/USDT
As we clearly see price broke above our major swing high previously and traded higher as per our last text analysis
For now price is trading inside this channel.
However, for now price is now testing our resistance zone, were we are speculating a bearish reversal.
So, for the bears to kick in we need a break below the marked major low, then we will be testing again our support zone.
Unless price managed to break higher from a long-term reversal, then this resistance will be support and we will be looking for new longs on the retest.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.