Hi Guys,
CHZ like most alts has been torn a new one since BTC collapse.
We see the bottom @ 0.163 however with enough volume the down trend was broken looking to hold above 0.349 with solid closure above support.
Failing this blue trend line to follow the downtrend movement possibly bouncing around or on the support of 0.163
Volume has started to increase as a result of the down trend breaking / MACD is widening for now from signal as well
Best to DCA down here ...
#TRADESAFELY
CHZ like most alts has been torn a new one since BTC collapse.We see the bottom @ 0.163 however with enough volume the down trend was broken looking to hold above 0.349 with solid closure above support.
Failing this blue trend line to follow the downtrend movement possibly bouncing around or on the support of 0.163
Volume has started to increase as a result of the down trend breaking / MACD is widening for now from signal as well
Best to DCA down here ...
#TRADESAFELY
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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.