CHZ/USD :::
It is in a descending channel and the overall trend is moving downwards .
The support has been broken and there is a big price difference until the next support, and this creates a good opportunity for a sell position .
If the next support is also broken, it will continue its path to the bottom of the channel .
<<< Good luck >>>
Hello guys
Our first target according to our last analysis was reached and now we should have wait until the price is coming to our buy zone then we can get signal at first then we can take long position and buy some CHZ :D
In buy zone we have a nice R/r
previous analysis
Dont forget use stop loss and attention to money management then take position and...
CHZ has just broken the 0.39 resistance it has been battling with for a few days now. Now it looks ready to make an expansion move up to 0.45, which appears to be the next resistance. Keep in mind that the RSI is slightly overbought on most time frames, so expect some sideways consolidation or a few dips along the way.
As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Idea for CHZ
The risky option is the one I would take if you are longing, as the price transitions between fib levels it introduces more volatility
The safest option is safer because you would likely be able to see some bullish momentum occurring and base the buy off of that
CHZ has been moving in a descending Triangle for some time now, and all this while it hasn't attempted to touch the upper Trend LIne (Black) of the Triangle .
At the much small time frame, we can see that CHZ is moving in a downward parallel channel. Also EMA 25 is working as a Resistance which states that CHZ would need bit of fight before moving back up.
Also...
In my opinion ist ready to go up retest previous ath end of this month, big project, alot of new partners, 50 % correction already done, 4h need to recover. Whales enjoy aktual preis
We bought this type of junk, like many other altcoins, around the New Year. It was the best time to buy Altcoins.
But now the right time to close the Altcoin positions, they have already given a possible profit.
A lot of people want to buy Altcoins now since altcoins are growing. But the problem is they have already grown up. And maybe they will grow up a little...
Preconditions:
- accumulation
- global uptrend
- locally uptrend
- key level
- buy after break out
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Crunching the horizontal level and narrowing the price;
Volumes have increased;
There is a positive news background;
Entry: after fixing the price above the gray area ( 0.010359).
Stop loss at least after entering.
Target: 0.011361-0.012339.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
