Chiliz / TetherUS

chzusdt

1 017
Indecision in CHZ

With the fall of this currency in the past month, fear has been created among the investors of this currency, which in a way has left the market undecided for CHZ.

Of course, it should not be forgotten that it has experienced very good growth earlier this year, and this is a correction for its previous trend, and Lee has said in some comments that this downward trend has continued a little longer than expected, and it is likely that this way The descent is slow.

But in some statements, there is a lot of hope for a return to the upward trend in this currency.



Impressions from the chart

As you can see, the 4-hour candlesticks have broken a strong support zone downwards, and now it is possible that this zone will act as a very strong resistance and cause the currency to fall more than before, in which case the price may fall. There that is shown.

But only a big shock can cause a breakout and shape the uptrend, which is possible given the history and rank of this currency.

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