CHZ/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.21224, 0.22879, 0.23000.
Key Support Levels: 0.19750, 0.18561, 0.18021.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish to the upside after the bears were trapped below the support around the 0.16500 USDT level. This shows that the buyers took control of the market and might push it upward all the way up toward the next key resistance levels.
CHZ/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 0.19925
Target Profit 1 @ 0.21224
Target Profit 1 @ 0.22879
Stop Loss @ 0.18628
Trade Safely 🙂