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 🙂