๐ฅ CHZ Massive Bull-Flag About To Break Out!
After a massive ~250x during 2020-2021, CHZ has been slowing declining in value and lost nearly 95% of its gains at some point. During this low-volatility period, a huge bull-flag has appeared on the chart.
With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our stop close we can create a very decent R/R of around 25.
With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our stop close we can create a very decent R/R of around 25.
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