CHZUSDT ASCENDING TRIANGLEChz 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 expected to follow a downtrend to $0.4 or an uptrend to $0.6. A close outside the pattern will raitfy the next price action of chz.
Trajectories of the main s\r levels have been provided on chart. You can drop a line if you've got questions.
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Chzusdtsignal
CHZUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 0.4 - 0.5 - 0.6
after first target reached move ur stop to breakeven
stop: ~0.25(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
Good luck everyone!
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CHZUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 0.44 - 0.5 - 0.6
after first target reached move ur stop to breakeven
stop: w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).