#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 0.03353. 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: 0.03700 First Target: 0.03834 Second Target: 0.03950 Third Target: 0.04104 You can stop at the first and second targets and close the price, or continue towards the third target. Stop Loss: At the resistance zone in green. Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.