ðĨ CHZ Looking Bearish After Two Failed Break Outs
CHZ has been seeing quite some decent gains over the last couple of weeks. However, after two failed attempts of breaking out of the bearish channel, things are looking bleak.
In my view, there's likely more selling ahead for CHZ. I'm looking at $0.14 and $0.10 for potential bearish targets.
Worst case scenario would be a move towards the lower bound of the channel. Keep in mind that a meltdown of the stock and crypto markets is needed to get CHZ here. On the other hand, it would be an amazing long-term buying opportunity.
In my view, there's likely more selling ahead for CHZ. I'm looking at $0.14 and $0.10 for potential bearish targets.
Worst case scenario would be a move towards the lower bound of the channel. Keep in mind that a meltdown of the stock and crypto markets is needed to get CHZ here. On the other hand, it would be an amazing long-term buying opportunity.
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