CHRUSDT is currently demonstrating strength as it holds the ascending trendline, indicating underlying bullish momentum. Additionally, there are signs of a potential rounding bottom formation, with the neckline serving as a crucial external supply level.
Our plan involves accumulating the coin within the immediate demand zone and patiently waiting for it to test...
I have 2 scenarios: after penetrating the specified trend, the medium-strength cluster will complete its targets to 0.493, and after penetrating to 0.52, our final target is 0.573, or correction to 0.41 - 0.43, and then complete the targets, and I will update first and foremost. Do not forget to follow up
There is a large support area for the currency, ranging between 0.375 - 0.35. It is considered a large support area, and there is another area at 0.284 - 0.27. We will update its targets. Do not forget to follow.
#CHR
The price is moving in a triangle on the 12-hour frame and we have a support area in green at the 0.350 level
We have a higher stability moving average of 100
We have a good bounce being prepared from the lower border of the triangle once the downtrend breaks to the upside
The RSI indicator has a downtrend that is about to break higher
Entry price is...
in case we saw a deep correction for CHZ
those are the 2 areas I'll look for a buy setup.
1st area 0.35-0.37
2nd 0.25-0.27area reaching them ain't granted but if the price managed to reach them it will be a good opportunity , so take it
and follow me 😉
next step is supporting and boosting this idea
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About CHR
(Update)
The Falling Wedge Breakout Done In WEEKLY Chart
Moving Exactly As We Expected✅
Finally Completed Our Target & We Earned Around 150% Profit In This Move & Now Running In Good Profit✍️
💎 CHR has recently encountered notable market dynamics, with the current price bouncing within a support area and forming a bullish pennant pattern.
💎 This pattern typically suggests a continuation of the bullish trend. If CHR successfully breaks out of the pattern, it may experience significant upward movement, potentially reaching our target area.
💎 However,...
In the current situation, you can look for a buy/long position only in the demand range, and only the buy/long position in this range is low risk.
There is a liquidity pool at the bottom expected to be swept away soon
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please...
Chromia is been forming falling wedge! the silence b4 the storm! for now its brokenupside ! we get volume we might see massive rally on CHR! HOLD UR HORSES TIGHT!
💎 CHR has recently undergone significant developments in the market. Currently, CHR is facing a critical resistance area. A week ago, CHR attempted to break through this resistance but faced a strong rejection, causing the price to retest the support area.
💎 Now, CHR is making another attempt to break through this key resistance level, and if successful, it...
On the chart, we have a bearish CH and we have a liquidity pool at the top and bottom of the chart.
It is expected that first the low liquidity pool will be swept and then the price will move to the high liquidity pool.
Closing a 4-hour candle above the invalidation level will cause analysis
Note that the financial market is risky, so:
Do not enter any position...
After taking out a key wick of liquidity, Chromia has recovered its uptrend as well as gives signs for a break above a pattern. So long as it holds there is chance for a nice sized move. If it fails from here it should retrace to its prior breakout level.
