CHZ/USDT
Hi guys, Here's a quick look at CHZ /USDT 4H chart. As we can see, we are in a downtrend channel, we tried to break some resistance levels but we got rejected a few times.
MACD 4H Crossed up but not strong enough, The daily MACD is still negative but the Daily graph fits very well on the chart. Bollinger Bands are getting squished, after the strong retest on the yellow line we might see a break-out.
The resistance of the triangle:
0.49-0.50$
My targets if we breakout:
0.50$
0.52$
0.55$
0.60$
0.61.5$
0.62$
0.63$-0.64.5$
If we get rejected we might see a retest on the yellow line. Or we might fall a bit.
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.
MACD 4H Crossed up but not strong enough, The daily MACD is still negative but the Daily graph fits very well on the chart. Bollinger Bands are getting squished, after the strong retest on the yellow line we might see a break-out.
The resistance of the triangle:
0.49-0.50$
My targets if we breakout:
0.50$
0.52$
0.55$
0.60$
0.61.5$
0.62$
0.63$-0.64.5$
If we get rejected we might see a retest on the yellow line. Or we might fall a bit.
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.
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.
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.