Price has formed candles with long upper shadows, which may signal weakness of buyers.
After the long shadows, a Spinning Top was formed, which indicates uncertainty in the market.
On the 4H Timeframe CHZ is in the overbought zone.
I think the asset could go down in search of liquidity if the price holds below support.
After the long shadows, a Spinning Top was formed, which indicates uncertainty in the market.
On the 4H Timeframe CHZ is in the overbought zone.
I think the asset could go down in search of liquidity if the price holds below support.
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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.