FOR $CHZ,A NUMBER OF BEARISH CANDLES HAVE STOPPED SELLING. WHAT WILL BE THE NEXT PRICE CHANGE?
Therefore, you're in the proper place if you're searching for a thorough analysis of CHZ.
This is the reason.
Since its peak in 2021, CHZ has been falling, which is rather typical given that the market needs to maintain an equilibrium state. The extended sequence of bearish candlesticks that indicate a drop has been created by the selloffs that have been shown in order to maintain its equilibrium. Currently, as the decline is taking place. Additionally, there are retracements occurring in CHZ's short-term market structure. Many are testing the price and building up bags on the current support, which acted as the catalyst for the previous markup in 2021 at 0.0494, below the support at 0.0165, which was the previously broken major resistance, and in between these two in order to guarantee that the market structure will have its point of reversal. After everything is ready, we will examine it and complete our analysis of its optimal possible reversal zone.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
