Today I want to pay special attention to CHESS. Against the background of the growth of STO, CELO and KERNEL, there is a possibility of purchases of other DEFI group coins, among which CHESS is the most oversold. The quarter for this token opened above the long-term strong support of 0.05, which is a confident bullish signal in the medium term. This week opened above the intermediate resistance of 0.06, which gives a signal for the start of the trend and an attempt to work out an inverted head and shoulders pattern with an attempt to test the next strong long-term level of 0.1, consolidation above which makes it possible to increase the scale of price movement up to 0.25. For this token, very large volumes of purchases were left on the market for a retest of 0.25. If the market breaks down, there is a possibility of new tests of 0.05, but given the medium-term bullish mood, you can keep a constant position from current levels and scalp in case of lower impulses.
The overall picture of the market this week also contributes to the maintenance of the crypt. ETH opened the week below the strong resistance of 4500, which gives rise to the failure of new attempts to storm 4750, but oil opened the week with a strong bullish gap, which supports the currency market and still leaves room for retests of 4750 on ETH, as I wrote in the last review. Taking advantage of this flat in the market, CHESS has every chance of successfully consolidating above 0.1 before a possible fall in ETH.
