CHZUSDT 4H – Double Bottom Forming at the Bottom of Falling Wedg

Wait 5 sec.

CHZUSDT 4H – Double Bottom Forming at the Bottom of Falling WedgChiliz / TetherUS PERPETUAL CONTRACTBINANCE:CHZUSDT.PAltsignalsCHZ has been grinding lower inside a clear descending channel for weeks. Right now we are seeing a classic Double Bottom forming exactly at the lower boundary of that channel. Key observations: • Two distinct bottoms with similar lows • Price is currently testing the neckline area around 0.0137 • The descending resistance line is still overhead but starting to lose angle This combination (double bottom + channel support) often marks the end of the downtrend and the start of a corrective bounce or full reversal. Trade idea (Long bias): Entry zone: current levels – 0.0136 / 0.0139 Invalidation / Stop: below the recent double bottom lows (red zone on the chart) First target: horizontal resistance / previous structure around 0.0143 – 0.0145 Extended targets if momentum continues: higher channel resistance The green path on the chart shows the projected move if the structure holds and we get a clean break of the descending trendline. This is a 4H setup, so it can develop over the next few days to a couple of weeks depending on volume and overall market conditions. Not financial advice – just sharing the structure I’m watching. What do you think of this double bottom? Bullish or still more downside left?