Post
--Bearish
عدسة الكريبتو - Crypto Lens
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CHZ | Is an explosion coming or a trap for the herd? 🤔
The coin has been hyped for over two months as a sports currency with huge potential, but in just the last 20 days, it has dropped by more than 50%.
Technically, the coin is still in a downtrend, forming lower highs and lower lows, with a death cross between the 50, 100, and 200 moving averages and negative signals on the MACD.
There’s no real positivity unless it breaks the downtrend and holds above it; otherwise, the possibility of hitting a new low remains.
Remember: just because there's a lot of hype doesn’t mean it’s going up; the herd often provides liquidity for dumping rather than being a reason for a rise.
God knows best.
$CHZ #كاس_العالم #cup
The coin has been hyped for over two months as a sports currency with huge potential, but in just the last 20 days, it has dropped by more than 50%.
Technically, the coin is still in a downtrend, forming lower highs and lower lows, with a death cross between the 50, 100, and 200 moving averages and negative signals on the MACD.
There’s no real positivity unless it breaks the downtrend and holds above it; otherwise, the possibility of hitting a new low remains.
Remember: just because there's a lot of hype doesn’t mean it’s going up; the herd often provides liquidity for dumping rather than being a reason for a rise.
God knows best.
$CHZ #كاس_العالم #cup