CHZ 1D Wide range consolidation continues, targets in an idea

16 apr 2021

A month has passed since the publication of the previous global idea of ​​the CHZUSDT trading pair.

In this idea, we warned that the coin requires correction, as a result of -40% in the value of CHZ and a minimum of $0.366

Now it turns out that the correction turns into a consolidation triangle

Those interested can try to trade within the triangle, the price movement range is more than 50%

Consolidation in a triangle can result in two equivalent scenarios:
1) Breakout up with the target of $1.40
2) Breakout downward with a target of $0.15

Therefore, you need to carefully monitor how the CHZUSD price will behave in consolidation, and for this, put like under this idea and write comments with thoughts on how the price will move and what news will contribute to this.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)

1 giu 2021

Trade chiuso: obiettivo raggiunto