Short
CHZ looking ready to reverse...
$BINANCE:CHZBUSD
Closing on reversal zone, strong historic resistance, expect closing of long. Some TP
Ongoing narrative re. World Cup - unlikely to outweigh downside market risk in near term - may result in crash and rebuild toward the game dates
Bullish impulses weakening for last two cycles. Expect one more push up - to gap zone then BOOM!
Enjoy
Closing on reversal zone, strong historic resistance, expect closing of long. Some TP
Ongoing narrative re. World Cup - unlikely to outweigh downside market risk in near term - may result in crash and rebuild toward the game dates
Bullish impulses weakening for last two cycles. Expect one more push up - to gap zone then BOOM!
Enjoy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.