CHZ will bounce?Hi all,
I would like to have an update on CHZ.
We can see that CHZ is moving in a rising wedge. At the moment, the prices are at the lower trendline and the EMA 50D supports, after falling from $0.283. The trading volume continues to decline which indicate that the selling pressure has been almost dissipated.
For these reasons, here below is a LONG setup proposal:
Entry: Around the actual price (or waiting for a bullish 1D candle for a safer trade)
SL: $0.1975
Invalidation: 1D candle closing below the support trendline.