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CHZ/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 0.18935, 0.19341, 0.19500.

Key Support Levels: 0.17839, 0.17371, 0.16890.

1-Hr Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside and in addition it broke a strong resistance level (now support) around the 0.17850 USDT mark. The price is expected to move upward in the same direction of the main trend.

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

5-Mins Time Frame:

On the lower time frame, the market succeeded to break the bullish flag to the upside and posted a higher low. This shows that the market is clearly controlled by the buyers. A lower correction could be seen to the strong support before a new impulsive wave toward the target profits.

Buy Market Order @ 0.17957

TP 1 @ 0.18935

TP 2 @ 0.19341

Stop Loss @ 0.17471

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.

5 comments

  1. Hello.
    Is CHZ//UST futures traded on Getbit?
    I am currently searching for a Crypto platform that trades all the Crypto that are covered by FRN.

    Thanks, Daniel

  2. Originally it was a buy limit order which was not reached…now..as I see..it was edit to market order..why?? No any updates on telegram that you changed the entry…interesting…originally this trade should not have activated…

    • Hello Adam,

      Hope you are good.

      First thanks for your feedback. we want to be clear about this trade. what happened is that I had a previous trading idea with limit order but I what I wanted from this crypto trade to be a buy market order. so I changed it after maybe few seconds.

      Sorry for the confusion, next time I make sure not to make any typo.

      Have a happy trading day.

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