Technical analysis by Eurolizm about Symbol CHZ: Buy recommendation (12/8/2024)

CHZ In the review:- As shown in the chart, there is a disagreement between the RSI and the price at the bottoms, that is, while the RSI bottoms are moving up, the price bottoms are moving down in the opposite direction, this is an upward signal. -TOBO (Inverse Head and Shoulders formation) is formed at the bottom and a break has occurred. TOBO is a trend reversal formation. If it is formed at the bottom, it is an upward indicator, if it is formed in the opposite direction at the top as OBO (Shoulder and Shoulders) or triple top, it is a downward indicator. It shows that a trend has started or ended.- After the TOBO break, if the flagpole of the flagpole is formed from green candles from bottom to top, it is expected that the flagpole will break upward, otherwise, if the pole is formed from red candles from top to bottom, it is expected to break down. CHZ The probability of repeating the old price movement is very high, let's see if it can succeed. It does not contain investment advice. It is a graphic for educational purposes.