Hello. CHZ is currently trading at the price of 22 cents. Our rising wedge indicator indicates that there is a rising wedge pattern on the hourly chart, so we may expect a trend to the downside within the coming days. Following this outlook, we can see that the RSI is getting ready to touch oversold positions with the RSI line, and our moving average touching below 30. One of our key levels to watch very closely is at 14 cents where we could be testing our November 9th low, which if the price reverses, could cause a trend to the upside, if done successfully. So expect some short term dips within the coming days, and keep an eye out on CHZ.
Kommentar:
Update as of 11/20: My predictions have came true. We are currently experiencing a trend to the downside from this rising wedge, which could possibly test the November 9th low, or our S1.