ANALYSIS 🔎
- CHZ/USDT brokeout above the descending trendline resistance as expected from my previous analysis.
- The market hit a swing high.
- It's currently undergoing retracement.
- Keep an eye on a possible retest of the horizontal support level + the broken descending trendline resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
- Horizontal resistance levels should be your target (take profit).
- CHZ/USDT brokeout above the descending trendline resistance as expected from my previous analysis.
- The market hit a swing high.
- It's currently undergoing retracement.
- Keep an eye on a possible retest of the horizontal support level + the broken descending trendline resistance + key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- This should be your buy zone.
- Horizontal resistance levels should be your target (take profit).
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