CHZ is currently trading in a tight resistance/support band. The direction of the crypto market in general will determine direction, but as shown here, the likely upside movement should the market rise is much greater than the immediate downward movement should the markets move down.
These bands are partly based on both monthly and quarterly trends, so expect them to expire by the end of the current week.
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The band of support below the current band is very substantial. Should it fail, however, a downward collapse to $0.05 or $0.04 is likely.