Technical analysis by averkie_skila about Symbol CHZ on 7/31/2024

Hi. I've had a lot of burns with choosing the right entry points in different assets, so I've formed a strong cynicism towards the 2024 market. CHZ is a great asset, exploding in the good old days. Yes, I see a lot of people waiting for his shot right now. However, using a large timeframe (10D) and the latest Linear Regression Oscillator , you can see that things could be potentially volatile over the next few months and a squeeze to the lows is possible. Oversold conditions may develop for some more time. In addition, my favourite SQZMOM warns of an imminent start of a downward expansion (grey cross). What did I do? I placed a buy order. At $0.015 . :) If I turn out to be right, I will enter more than successfully. If it turns out that the Daily timeframe has already confirmed support and a move is only forming upwards, I will consider buying from current levels.Ichimoku also shows no preparation for immediate flight.I know it all looks like a double bottom ))))