#CHZUSDT Reversal Potential Breakout & Fibonacci RetestChiliz / TetherUSBINANCE:CHZUSDTCryptoAnalystSignal#CHZ The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key support zone (in green) at 0.01720. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.01800 Target 1: 0.01862 Target 2: 0.01893 Target 3: 0.01929 Stop Loss: At the resistance zone (in green) Remember this simple rule: Money management. Any questions? Please leave a comment. Thank you.