CHZUSDT Price Action Range| Bullish Order Block| Trend| Volume
Evening Traders,
Today’s analysis – CHZUSDT – trading and a key trade location where a rotation back to the highs is probable,
Points to consider,
- Price action corrective
- Bullish OB Support
- RSI over-extended
- Swing High Objective
CHSUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with an order block, allowing for a bullish bias.
The current RSI is overextended, a reversion to its mean is highly probable, this will hold current support.
The current volume profile is below average, an influx is needed to avoid false expansion moves.
Overall, in my opinion, CHZUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
Today’s analysis – CHZUSDT – trading and a key trade location where a rotation back to the highs is probable,
Points to consider,
- Price action corrective
- Bullish OB Support
- RSI over-extended
- Swing High Objective
CHSUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with an order block, allowing for a bullish bias.
The current RSI is overextended, a reversion to its mean is highly probable, this will hold current support.
The current volume profile is below average, an influx is needed to avoid false expansion moves.
Overall, in my opinion, CHZUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’