$CHZ is trying to turn the corner. But is this the start of a real recovery?
#TradeFinder
After a long stretch of heavy selling, CHZ dipped to $0.01031 and buyers stepped in quickly, pushing price back to around $0.0107, up nearly 1% on the day. The lower timeframes are now holding above their short-term averages, and the last few candles show momentum picking up. The bigger trend is still down, though, with the higher timeframe averages stacked overhead and plenty of supply left to work through.
Key levels on my đ :
Support: $0.0106 to $0.0104
Major support: $0.01031
Resistance: $0.01083 to $0.0109
Next target zone: $0.0112 to $0.0117
A clean break above $0.0109 could give the bounce more room to run toward the $0.0112 area and possibly $0.0117. If the price slips below $0.0104, this recovery attempt may need a reset, and losing $0.01031 would put the downtrend back in control.
Credit to buyers for defending the lows. Now the real test is whether CHZ can reclaim the $0.0109 zone with conviction instead of drifting back into the range.
#CoinVahini #CHZ #Chiliz #CryptoTrading
#TradeFinder
After a long stretch of heavy selling, CHZ dipped to $0.01031 and buyers stepped in quickly, pushing price back to around $0.0107, up nearly 1% on the day. The lower timeframes are now holding above their short-term averages, and the last few candles show momentum picking up. The bigger trend is still down, though, with the higher timeframe averages stacked overhead and plenty of supply left to work through.
Key levels on my đ :
Support: $0.0106 to $0.0104
Major support: $0.01031
Resistance: $0.01083 to $0.0109
Next target zone: $0.0112 to $0.0117
A clean break above $0.0109 could give the bounce more room to run toward the $0.0112 area and possibly $0.0117. If the price slips below $0.0104, this recovery attempt may need a reset, and losing $0.01031 would put the downtrend back in control.
Credit to buyers for defending the lows. Now the real test is whether CHZ can reclaim the $0.0109 zone with conviction instead of drifting back into the range.
#CoinVahini #CHZ #Chiliz #CryptoTrading
