📊Analysis by AhmadArz:
This is my idea by priceaction method with liquidity level🎯.
🎖️just : R/1.5
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HELLO FOLKS,
Today i got CHZ head and sholder pattren formed i am waiting for break out in aggressivily
my analysis are all chart pattren and smc conscept
chart pattren : Head and Sholder now right sholder coming to ending posistion if btc breaks below 27k then goto the 25k
so chz next support zone 0.99
smc : stiil order block not reached so we waiting for...
My view and hold are in the downward direction.
Possible resistors are the blue lines I drew.
Not investment advice.
Let's watch and see, good luck.
Thank you.
The price corrected after passing the previous peak, but it went lower than the previous bottom. If this rally is a correction of the previous drop, it can be imagined that the price is close to a deeper decline.
CHZ is going to retest the 0.255 and then a BIG dump is coming easily
they are just collecting liquidities for the short
Stop loss : 0.257-0.258
Target : Under 0.2
Look at my other opinions too ;-)
Everything's on the chart, there is a clear uptrend going on which seems it has reached to the trendline and is ready to pullback, which gives us a small short opportunity if the support holds otherwise could go lower.
