CHZUSDT is creating a descending channel

17 feb 2022

CHZUSDT The price is creating a descending channel on the daily timeframe and now the market is testing the upper trendline after a rejection from the 0.5 Fibonacci level.

On the 4h Timeframe the price is trying to create a new Higher low.

How to approach?
We need to see a clear breakout from the 0.24$ with volume. After the breakout According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐