bronzieplays

A crucial resistance was broken

Long
HITBTC:CHSBUSD   None
Swissborg broke a crucial resistance line today at $1.21. As I am writing, CHSB is retesting that level and trying to make it support. If we manage to hold the short term target will be around the previous ATH of $1.55. A breakout past $1.55 would free up the road to $2, as that is the next fibonacci resistance line. A failed breakout might result in a retest of our trendline. A break of our trendline will see us fall back to our buyzone.
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.