#CHZ ESTABLISHING NEWER SUPPORTS CLOSE TO ITS YEARLY LOWS: HERE'S THE POSSIBILITY WE'RE WAITING FOR
As CHZ continues to establish newer supports in the yearly lows where most have accumulated for their holdings. We are doing some day-swing trades that could potentially provide greater benefits rather than the altcoins that have entered their surging phases.
Here's why.
The extreme decline that CHZ has went through is now going through the exact same phase as to when the selling pressure has been devoured greatly by most buyers awaiting at the lower prices of it. Now, we're observing as to where the possible supports may be located and taking chances at entering with snipe entries. There are also stricter risk management in place and as well as securing profit in order to prevent them from turning into a bag into just stones. Since we are closely monitoring this altcoin, we will react accordingly to the reaction that it will show after this support. Once the bullish divergence pops up, we will stay patient and validate the existence of confirmations from these levels. With our current entry we have already gained 6.34% increase and this could possibly lead to hitting the resistance above the retested zone of 0.0633.
Stay wise, trade cautiously.
