CHZ forecast

٩ أكتوبر ٢٠٢٢

Four-hour H&S top:
After the price fell below the neckline, it tested the support price 0.2109 three times and did not fall below it, forming a box with EMA200.
If the price can break through EMA200 and 0.2307, CHZ has a chance to come to 0.2496, which is also the resistance price near 0.2505 (0.618).
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Daily chart:
If CHZ breaks through 0.2496, there is a chance to challenge the previous high of 0.2826 and a cup handle pattern will appear.
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The target price after falling below the box:
0.1986
0.1788
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