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CHZ/USDT (Futures) Potential Upward Movement

CHZ/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.19828, 0.21044, 0.22350.

Key Support Levels: 0.17938, 0.16958, 0.15200.

Daily Time Frame:

The price on the higher time frame is trying to break the strong resistance around the 0.18910 USDT mark where an engulfing pattern has been posted. The market left an inside bar yesterday showing that the buyers are in clear control of the market which could lead to move higher in the coming hours.

CHZ/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bullish pennant to the upside after a period of consolidation. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.18895

TP 1 @ 0.19846

TP 2 @ 0.21044

Stop Loss @ 0.18427

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

  1. How can I join your group when the trades that you are making are not on my mt4 platform?

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