#CHZ Price is testing the Descending channel resistance

#CHILIZ

The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward break.

We have a support area at the lower boundary of the channel at 0.03320, acting as strong support from which the price can rebound.

We have a major support area in green that pushed the price upward at 0.03200.

Entry price: 0.03440
First target: 0.03505
Second target: 0.03600
Third target: 0.03730

To manage risk, don't forget stop loss and capital management.

When you reach the first target, save some profits and then change the stop order to an entry order.

For inquiries, please comment.

Thank you.