In this analysis, we delve into the Chia cryptocurrency's price movement, focusing on the critical support level at 38, which is on the brink of being breached. Our discussion will outline the technical indicators and market sentiments that suggest the inability of this level to hold, paving the way for a potential decline to the next significant support at 32....
Description: Cumulative Delta Divergence: Two significant divergences spotted, indicating potential bullish momentum ahead. Trendline Dynamics: The previous trendline has been broken and successfully retested, confirming a bullish breakout. Resistance Zones: Identify and monitor three green zones for potential resistance that could influence price action. Supply...