ANALYSIS 🔎
- CHZ/USDT brokeout above the descending trendline resistance as expected from my previous analysis.
- The market hit a swing high.
- It's currently undergoing retracement.
- Keep an eye on a possible retest of the horizontal support level + the broken descending trendline resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
- Horizontal resistance levels should be your target (take profit).
- CHZ/USDT brokeout above the descending trendline resistance as expected from my previous analysis.
- The market hit a swing high.
- It's currently undergoing retracement.
- Keep an eye on a possible retest of the horizontal support level + the broken descending trendline resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
- Horizontal resistance levels should be your target (take profit).
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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.
Related publications
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.