The CHZ/USDT pair has just confirmed a significant structural change on the daily candlestick. After breaking through a multi-month barrier, the asset is now performing the classic "retest" of the broken support. For the strategic investor, this is the time to observe the strength of the buying defense around the 0.044 region.
What the chart tells us:
Bullish Structure: The breakout of the 0.042 zone with volume indicates that the bulls have taken control, leaving behind the sideways action from March.
Moving Averages: The alignment of the moving averages (7, 25, and 99) below the current price acts as a dynamic "safety net" for the continuation of the move.
24h Scenario: The current correction with reduced volume signals just a breather before a possible test in the 0.050 region.
Technical Parameters:
Strategic Entry: 0.04430
Target (TP): 0.05000
Protection (SL): 0.04050
In the crypto market, patience during a retest often separates the amateurs from consistent profits. Keep an eye on support!
#CHZ #Chiliz #TechnicalAnalysis #CryptoAssets #StrategicTrading Blockchain.com $CHZ $BTC $USDC #CHIPPricePump #BinanceLaunchesGoldvs.BTCTradingCompetition #KelpDAOExploitFreeze #MarketRebound #BTC100kNext
