Many traders feel they’ve missed the start of the altseason, but CHZ/USDT is offering a second chance.
On the weekly timeframe, CHZ is breaking out of a long-term falling wedge pattern — a classic bullish reversal structure that often precedes explosive moves.
Combining this with Fibonacci extensions, we identify 4 major upside targets:
Target 1: 0.618 Fib - 0.59 – initial breakout confirmation
Target 2: 0.786 Fib - 0.74 – mid-term resistance level
Target 3: 1.272 Fib – 1.19 - extended bullish leg
Target 4: 1.618 Fib – 1.50 - full potential of the wedge breakout
CHZ is currently undervalued and positioned near its bottom, making it one of the best risk/reward plays in the current market for those who still want exposure to the altseason wave.
On the weekly timeframe, CHZ is breaking out of a long-term falling wedge pattern — a classic bullish reversal structure that often precedes explosive moves.
Combining this with Fibonacci extensions, we identify 4 major upside targets:
Target 1: 0.618 Fib - 0.59 – initial breakout confirmation
Target 2: 0.786 Fib - 0.74 – mid-term resistance level
Target 3: 1.272 Fib – 1.19 - extended bullish leg
Target 4: 1.618 Fib – 1.50 - full potential of the wedge breakout
CHZ is currently undervalued and positioned near its bottom, making it one of the best risk/reward plays in the current market for those who still want exposure to the altseason wave.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.