Long

$CHAT entering crucial resistance

97
CHAT is entering a crucial resistance of 1183. Both a fib of 0.382 and a previous price increase that ultimately failed and led to a deeper retrace. Currently following an ascending triangle beautifully. The pinch will be 19-20 April. There was one break of the ascending triangle on 16-17 April and CHAT recovered nicely to go on a 111 sat or 10.43% run. Volume needs to pick up in order to break the 1083 level of resistance. Stop loss currently at 1120, but once another 4 hour green candle forms above 1152, stop loss will be adjusted to 1152 incase the ascending triangle breaks. Currently we are in a red candle with 90 minutes left. Looking for a bounce at 1152 (0.5 fib) which would make this very bullish. Or, there will be a bounce on the support line of the triangle at the 1135 range. Still bullish, but would be more concerned about a break of the support.

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