Yes my friends, yesterday CHZWe saw a sharp rise in . I told you yesterday that I’m going to talk about coins that can make drastic moves like this. Here we go.
Most people might think that this uptrend came to nothing. However, the truth of the matter is not so. In CHZ, there is a structure that we see only in some coins in the market. Let’s first see what it is.
50-week average (green) support on CHZ side. I have analyzed some coins about this average before. This average works as a clear support for some coins. These coins are generally coins that have risen very hard before.
If we look at the chart above, there was a very strong move on the CHZ side at first. Then the price fell and settled above the green average. It has been moving above the green average without volume for a long time. Since this level is support, it is a situation that we expect to react and move up. That’s what’s happening in CHZ.
on the market altcoins have been making small movements without volume for a long time. Therefore, it is absolutely necessary to pay attention to the coins that this average creates support. Because this lack of volume can end with a hard movement, that is, with an explosion, as in CHZ. Let’s take a look at these coins.
1. WRX
You can see that the WRX has the same build as the CHZ. A massive rise at first, then a decline to the 50-day average (green). Afterwards, it adopted the green average as support. Well, it’s no surprise that this coin will explode like CHZ soon. There have been small movements without volume for a long time. The calm before the storm…
2. BTT
BTT was once the apple of the eye of Turkish investors. Now he doesn’t get much attention because of his calmness. However, this is like the calm before the storm. For investors to generally be aware of a coin, it must have already taken off.
Again, a coin that has adopted the green average as support. I wouldn’t be surprised if I see a voluminous tall candle soon.
ANKR
ANKR had an above average period. Do you know what happened next? He flew like the CHZ. I’m putting this here as an example so that your expectation about these coins will be shaped.
3. WIRE
Finally, I add my old friend TEL here. Once upon a time, I and my followers were in the huge upswing there. Now calm prevails. However, it is a coin with the green average as support. It wouldn’t surprise me, it would even make me happy if this old friend soon made a rough move as well. This coin is available on the Kucoin exchange.
I will continue to share with you such critical technical structures that I see in the market. You can follow me on Twitter and Telegram to be informed more. Thank you for reading.
$CHZ flew. However, there are other coins with the same technical structure. They’ll probably explode soon too. Shall we share? Do you want? #CHZ
— Furkan Bozkurt (@BzkrtFrkn) October 31, 2021
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.