Cryptorphic

#CHR/BTC Ready for a 70% move!

Long
Cryptorphic Updated   
BINANCE:CHRBTC   CHR / Bitcoin
#CHR/BTC Trade Setup looks good here for a 70% short term trade.
With the news of Token and Vault on Mainnet and DAPP Hosting at the End of September this coin must reach somewhere around 1000 sats.
Within the next 6 -7 weeks the targets should reach.
Ascending triangle broke down yesterday and bouncing hard from the support trendline of the long term channel.
Highly likely that we will see a rally from this current area of demand.

ENTRY: CMP

TARGETS:

764
818
866
943
986

Stop Loss : 523

Fundamentals:
Tokens Vaults on Mainnet
DAPP Hosting
at the End of Sept.
So basically 6 weeks from now these events will occur which will drive the price to the upside.

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#PEACE
Comment:
Touched the support line of the channel and bounced.
Forming an inverse Head and Shoulders pattern which is a trend reversal pattern.
Expecting it to break to the upside.
Once the whole channel is broken we can look at 65% + Profit.



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