CHZ/USDT Bullish Horizons from Key Support? 👀🚀CHZToday Analysi
💎 Paradisers, let's turn our attention to CHZUSDT as it exhibits a promising setup. Currently anchored at a crucial support level, it is signaling a potential bullish trajectory.
💎 Examining #Chiliz's recent performance, it has effectively broken above a descending channel and is now maintaining its stance above the key support level of $0.08354. Should CHZ continue to exhibit strong momentum above this level, we could see it aiming for the higher resistance at $0.09488, indicating a strong bullish inclination.
💎 Nonetheless, it's always wise for sagacious traders to have a contingency plan. If #CHZ fails to hold above the $0.08354 support, a shift to Plan B might be necessary. This would involve focusing on a bullish recovery from a lower support level at $0.08149. Importantly, should CHZ fall below this secondary support level, it could signify the beginning of a steeper downward trend.
💎 Examining #Chiliz's recent performance, it has effectively broken above a descending channel and is now maintaining its stance above the key support level of $0.08354. Should CHZ continue to exhibit strong momentum above this level, we could see it aiming for the higher resistance at $0.09488, indicating a strong bullish inclination.
💎 Nonetheless, it's always wise for sagacious traders to have a contingency plan. If #CHZ fails to hold above the $0.08354 support, a shift to Plan B might be necessary. This would involve focusing on a bullish recovery from a lower support level at $0.08149. Importantly, should CHZ fall below this secondary support level, it could signify the beginning of a steeper downward trend.
Trade closed: target reached
💎 Boom! #CHZUSDT is doing just what we said. Up 15.41% and looking good!Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.