CHZ 1D Be careful, rapid growth needed correction

15 mar 2021

The CHZUSDT pair has collected the most votes in the digest "Weekend Bitcoin" 12, so that we need to analyze it.

Of course, such vertical growth is difficult to analyze, but we will try)

The most optimistic variant for the CHZ, in our opinion, is a correction to the $0.30 area and from there growth to the $1.40-1.50 levels is possible.

More negative scenarios are a drop in the price of CHZUSD to $0.15 $0.08 and even $0.05. We understand - this sounds scary, and we will get a lot of hate, but such are the realities of the crypt and everything is possible here.
But there is a note of positive - that even such a deep fall will leave the price of CHZUSDT within the parabolic growth with global targets of $1.50, or even higher.
The moral of this topic: use stops and fix your profits in time, because the bull market can not only grow all the time, but also correct, and sometimes it is deep and painful for the deposit.
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