Technical Analysis of #CHZ
-Breakout Analysis: #CHZ collected volume from the resistance zone and initiated a turn.
- Fibonacci Correction: A correction to the 0.618 Fibonacci level has already occurred.
- Expectation: I anticipate further correction to the area of interest.
Key Points
1. Resistance Zone: Volume accumulation near resistance suggests potential for a move.
2. Fibonacci Level: Correction to 0.618 level indicates possible continuation.
3. Area of Interest: Expecting further movement towards this zone.