In Downtrend Channel | Short Bias

Weekly Chart

snapshot

Chiliz ( CHZUSDT) has broken down the support level ($0.0811) and closed below that level. That red candle shows strong selling pressure with RSI Oversold.
I expect CHZ will down more leg to around $0.04

Chart 4H TF

snapshot

Chiliz's in triangle pattern. If price can breakout, CHZ can retest Previous Ascending Trend Line.

Wait and see
Ascending ChannelchilizCHZUSDTcryptofreesignalsMultiple Time Frame AnalysisresistenceSupport and ResistanceTrend Linestrieutv

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