2026-01-01 15:21:54

CHZ is quietly forming an interesting pattern on the weekly timeframe—a clean falling wedge structure that often precedes major trend reversals. If you've been tracking this setup, the breakout zone is pointing toward a potential move up to $0.60, which would represent a meaningful level to watch.

What makes this setup particularly noteworthy is how momentum appears to be building beneath the surface. The wedge compression suggests buyers and sellers are reaching an equilibrium, and historically, these formations tend to resolve with conviction in one direction. Given the macro context and CHZ's positioning, staying alert to volume confirmation around these key levels could offer some interesting trading opportunities for those monitoring the technicals.

CHZ-0.65%

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SerumSquirter

· 9h ago

Wedge formation, this thing is indeed prone to breakout... but it depends on whether the trading volume supports it; otherwise, it's a false breakout, resulting in heavy losses.

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MidnightTrader