CHZUSDT Weekly S/R| Rising Channel| Price Action| Trend
Today’s analysis – CHZUSDT – trading at a key resistance where a pull back to support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- .618 Fibonacci
CHZUSDT’s immediate price action is impulsive, a correction to the Daily S/R which is in confluence with the .618 Fibonacci allows for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The Daily level is critical to hold, this will maintain the bullish trend for the immediate short term.
Overall, in my opinion, CHZUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- .618 Fibonacci
CHZUSDT’s immediate price action is impulsive, a correction to the Daily S/R which is in confluence with the .618 Fibonacci allows for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
The Daily level is critical to hold, this will maintain the bullish trend for the immediate short term.
Overall, in my opinion, CHZUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee