Update :
Earlier in November, CHZ was well oriented to bypass 0,3350 resistance area before invalidating the direct bullish scenario reaching the alternative target at 0,15/0,1310 (Tactical support)Scenario : Today CHZ is back on the lower part of the range and 0,1310 is acting as key tactical support to anticipate a new upside swing within the range (Blue)
- As long as 0,1310 remains support a recovery is expected, confirmed by a break above 0,1770 in daily close to open 0,2820/0,3350
Key Elements:
- The long-term trend analysis show potential towards 0,53 as long as 0,08 Strategic support remains valid
- The mid-term element as RSI and Moving average are still showing an active bearish set up on the short-term and a range configuration on the mid-term
- The Fibonacci key level at 0,1310 remains valid and acts as key support
Trade Idea : Bullish
Conviction : 
(Low) We will turn the conviction to medium in case of 0,1770 resistance surpassed
- - Target 2 : 0,3350 (115%)
- - Target 1 : 0,2830 (80%)
- - Confirmation level : 0,1770 (16%
- - Buy in setback at 0,1410
- - Stop: 0,1310 (-15%)
- - Target 1 : 0,2830 (140%)
