Hi guys, Here's a quick look at CHZ /USDT 4H chart. As we can see, we were in a consolidation phase, we retested some support levels and we are ready to breakout. For a good breakout first, we need to break up 0.52$ Resistance zone and after that 0.56$ Descending Trend with strong volume. MACD is almost crossing Up we have a strong Support Line with us.
if we breakup My Targets are: 0.57$ 0.63$ 0.70$ 0.79/80$ 0.94$ 1$ These are TP areas. If we get rejected we might see a retest on the yellow line.
Trade Safely This is not financial advice! Just my idea about CHZ! Do your own research. If do you see a mistake or want to help, you can write in the comments. It's my first time so take your own risk. Not investment advice. My ideas are only helpful and not advice to buy or sell, you are the decision-maker.
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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.