CHZ USDT IDEA
Updated
the Yellow line acting as support since march and now bounced to this line
also, the 20ema (Daily) was the support for a while and now a daily candle closed below it
if 20 ema now acting as resistance can push the price to 50 ema around 0.35 (only if it can break the yellow line), also there is very strong support around 0.25 zone
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only if the current trend starts reversing we can look for a buy setup otherwise it's too risky to enter now
also, the 20ema (Daily) was the support for a while and now a daily candle closed below it
if 20 ema now acting as resistance can push the price to 50 ema around 0.35 (only if it can break the yellow line), also there is very strong support around 0.25 zone
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only if the current trend starts reversing we can look for a buy setup otherwise it's too risky to enter now
Trade active
still moving in the wedge
Note
seems to break out from this long falling wedge if the price goes above the green line then it can start a new run-up!
Note
retest top side of the wedge and it's ready to go IMO just need to create a new higher high for more confirmation
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