Long
$CHAT entering crucial resistance
CHAT is entering a crucial resistance of 1183. Both a fib of 0.382 and a previous price increase that ultimately failed and led to a deeper retrace. Currently following an ascending triangle beautifully. The pinch will be 19-20 April. There was one break of the ascending triangle on 16-17 April and CHAT recovered nicely to go on a 111 sat or 10.43% run. Volume needs to pick up in order to break the 1083 level of resistance. Stop loss currently at 1120, but once another 4 hour green candle forms above 1152, stop loss will be adjusted to 1152 incase the ascending triangle breaks. Currently we are in a red candle with 90 minutes left. Looking for a bounce at 1152 (0.5 fib) which would make this very bullish. Or, there will be a bounce on the support line of the triangle at the 1135 range. Still bullish, but would be more concerned about a break of the support. 
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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.