CHZ is coming down hard off a rejection just above the hourly .618 FIB and the hourly . The hourly has come down to the oversold zone. Though this could be a possible buy in, it is risky. I would hold off until the retrace is finish, im expecting one further drop into the IDEAL buy in zone at 110-120 sats . This zone should flip to a temporary support. CHZ should bounce here and expect a push back to the 50 & 100 MA, followed by the .618 FIB at 175 sats . This would form a . I would take all profit by this point.
Possible Entires: 110-120 sats
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Published at Sun, 10 Nov 2019 16:01:06 +0000