CHESS to print a 2000% move?

24 Kas 2023

On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including:

1) Price action and RSI resistance breakouts.

2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.

3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.

4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x

26 Kas 2023

İşlem aktif

Next resistance is around 40 cents and then $3

20 Ara 2023

Not

Past resistance confirms support.

10 May 2024

Not

Someone ask about this one... Daily chart looks very ugly at the moment.