In the daily time frame, it is located in a descending channel that the price provides appropriate support by reaching the bottom of the channel, and if the range is specified and the channel floor does not break, the price can advance to the midline and the ceiling of the channel.
This analysis will be updated if the channel floor fails.
Its not Buy or Sell...
Has retraced to a Fib Golden pocket area after making a local high.
Awesome Oscillator and RSI look to be printing Bullish divergence on the 30m. Wait for confirmation.
Look for longs in this area WHEN YOU SEE A SIGN OF STRENGTH - (i.e. swing failure pattern or morning star candle pattern)
Possible Double bottom at Orange circle area.
If no sign...
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Everything on the chart.
To confirm, i want to see renew a local high and draw the 5th wave.
Entry: market and lower
MAIN TARGET ZONE AT THE END OF BULLRUN: 1.5 - 2$
Stop: ~0.14 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 15
risk is justified
CHZ daily has yet to be this low on the price
and this low and oversold on the RSI...I have
the price zones in the gold boxs...this is crypto
so CHZ could move very quickly if it decides to.
i will be watching this chart very closely.
BYBIT:CHZUSDT Order flow showing big longs that have opened at the top of the 30m candles.
Swing failure pattern rejection has happened off the Value area high and Daily resistance, also a Fib golden pocket level.
PSAR has already printed a short signal on the 15m and RSI in overbought territory. If 30m and 1hr prints sell on PSAR, this could potentially be a...
In this chart, we have examined the important and key levels of price supports and resistances , as well as the appealing levels for possible investment opportunity in this chart have been identified and you can keep an eye on it .
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⚠️ This Analysis will be updated ...
The price got the liquidity from the demand zone on 0.18 Daily support and now the market is testing the upper trendline of the descending channel and static resistance on 0.618 Fibonacci level.
How to approach? the price needs to have a clear breakout from the 4h resistance and static resistance, According to Plancton's strategy , we can set a nice...