CHZ / BTC Showing Bullish Divergence on Weekly Chart!
There are two possible scenarios:
1. If the long term support line breaks it will be perfect opportunity SHORT. Wait for the break before entering.
2. If we break out of descending triangle (green arrow), it's a sign for LONG. Enter after the breakout, to be safe, or now with SL at 40sats, for higher...
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#CHZBTC
Buy Between : 0.00000094 - 0.00000084
Target 1 : 0.00000106
Target 2 : 0.00000117
Target 3 : 0.00000147
Target 4 : 0.00000162
Stop loss : Close the daily candle below the trend line
#CHZ VIP Call 102% Profit
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CHZ/BTC
CHZ broke below 50 Day MA and hit the golden Fib 0.618 level. Price reacts to this support but not enough to get above the 50 MA.
CHZ could consolidate between 100-122 sats within a week to form support if the price can hold it.
Bearish price action if the daily candle closes below 99 sats.
$CHZ thoughts:
Looks toppy to me, starting to see some bearish divs showing up.
If I'm wrong, you'll see a reclaim of 182 sats; personally I'd set a stop beneath 165 because I wouldn't expect price to retrace back there after taking the stops out.
