$CHZ

Price had a breakout from Falling Wedge pattern, which signaled a potential bullish trend reversal. It reached our target of $0.085 for +35% gain. It also made a Higher High and Higher Low, which is also a sign of an Uptrend. Pullback near $0.055 support area could be a swing trade entry, with +40% potential gain back to $0.085 again. Stop Loss at $0.049.

Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.

Trend: Short-term trend is Up, Medium-term trend is Down, Long-term trend is Neutral.

Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $0.055, then $0.043. Nearest Resistance Zone is $0.07, then $0.085.