Technical analysis by cecilion1998 about Symbol CHZ: Buy recommendation (7/28/2025)

Many traders feel they’ve missed the start of the altseason, but CHZ/USDT is offering a second chance. On the weekly timeframe, CHZ is breaking out of a long-term falling wedge pattern — a classic bullish reversal structure that often precedes explosive moves. Combining this with Fibonacci extensions, we identify 4 major upside targets: Target 1: 0.618 Fib - 0.59 – initial breakout confirmation Target 2: 0.786 Fib - 0.74 – mid-term resistance level Target 3: 1.272 Fib – 1.19 - extended bullish leg Target 4: 1.618 Fib – 1.50 - full potential of the wedge breakout CHZ is currently undervalued and positioned near its bottom, making it one of the best risk/reward plays in the current market for those who still want exposure to the altseason wave.