A long opportunity on CHZ ( chilliz )

6 Nov 2021

We are at the end of the symmetric triangle, so we can break it very soon. We can take a Lon position now because we just have test the lower ascending trendline ( support ), so it is a good entry point. The RSI is at 50 so therefore the market price is stable because the price has been compressed by the triangle, it means that we are ready to break it. Moreover we are at a big and long term support ( since march ), so the price can bounce on this support.