12h time frame
-
CHZ completed a bottom head and shoulders, and CHZ is doing retest currently. This retest is getting support 0.886 Fib Projection, which is a strong sign for further pump. Therefore, we can set up a trading plan here.
-
TP: 0.102~0.106 / 0.118
SL: 0.07257
Chz made a vast uptrend in the previous week and that week's candle closed in a bad state and then the following week candle which would end today has retested the weekly resistance level at $0.54. The current pattern formation (ascending triangle) implies a breakdown or breakout of the pattern which have been indicated on the chart with trajectories, price is...
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!
