CHZUSDT Weekly S/R| Rising Channel| Price Action| Trend

Today’s analysis – CHZUSDT – trading at a key resistance where a pull back to support is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- .618 Fibonacci

CHZUSDT’s immediate price action is impulsive, a correction to the Daily S/R which is in confluence with the .618 Fibonacci allows for a bullish bias.

The current volume profile is below average, an influx is highly imminent when testing a key trade location.

The Daily level is critical to hold, this will maintain the bullish trend for the immediate short term.

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

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And remember,

“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee