Update : Key Support to watch at 0,1310 CHZ

CHZ BULLISH MARKET_MINDS

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

 

image.png

 

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 : :médaille:(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%)

 

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