If you look CHZ's weekly trend, the coin moves in a downward channel. If it can break this channel and go over the 1$, then we can expect that it can move up until 3-5-10$ since there is a "Bullish Flag" formation.
This is not a financial advise. It is just a guess.
This is not a financial advise. It is just a guess.
Commento:
Because of the recent news, market turned into Bearish and thats why CHZ just rejected from the upper trend line. If it can somehow manage to break the upper trend line more upward move can be expected so it is better if we wait to breakout before we enter. Otherwise, we could wait to get some more CHZ at nearby the downside trend line of the channel.