CHZ possible long, turning RES into SUP

CHZ broke resistance and continued to perform, even wicking the next resistance level above.

As to be expected, it pulled back to retest the previous resistance which is now showing signs of support.

The RSI on the 1hr has hit the bottom and is beginning to turn upwards. It managed to break below 20RSI on the hourly without much PA downward or even into the, what i would now consider, support range.

If this area holds as support, ill be considering a LONG position with a TP above that last swing high.

P.S. forgive me if you dont appreciate the fib fan. i would normally remove it.. but i quite enjoy the accuracy in this case.. so i left it! enjoy.

Trade geschlossen: Ziel wurde erreicht:

entry hit at the top of support and TP hit right above the last high.

still has room to rise if bitty/ETH continue upwards. but id be looking for shorts as it retests the new trend line which it has actually now broken down and is testing up

Kommentar:

CHZ has continued to outperform all my expectations! its officially breaking through resistance into a higher range as i write this.

i was almost thinking to short CHZ at this level, but it seems to me as though it has the momentum to break through and settle into the next range up!