$CHZ looks bottomed on the weekly
Looking at the weekly from an elliot wave stand point, I see a possibility of a bottom for wave 4 as the Y hit 0.786 Fib for the WXY which is more than minimum requirement.
Also using K.Channels for confluence, It bounced of the base channel which is also a possible ending for wave 4.
Wave for also hit the wave 4 likely area 0.382-0.5 retracement which is typical for wave 4 ending point.
now that all depends on BTC and could go lower to the 1:1 extension for Y.
Also using K.Channels for confluence, It bounced of the base channel which is also a possible ending for wave 4.
Wave for also hit the wave 4 likely area 0.382-0.5 retracement which is typical for wave 4 ending point.
now that all depends on BTC and could go lower to the 1:1 extension for Y.
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.