CHR/BTC (Bearish Short Term?)
CHR/BTC
-The price is currently testing the recent key support at 517 area for the 3rd time
-Technically, this is not good as the support becomes weaker over time
-If CHR is unable to break the downward trendline, it is likely to go down
-To the next key support area which is at 439 sat
-But if the Bulls can fight the short term downtrend
-We can see a retest of 600-700 potential new resistance
-This is a waiting game who will win in the short term
-Please wait for the breakout to avoid getting caught on the wrong boat
-The price is currently testing the recent key support at 517 area for the 3rd time
-Technically, this is not good as the support becomes weaker over time
-If CHR is unable to break the downward trendline, it is likely to go down
-To the next key support area which is at 439 sat
-But if the Bulls can fight the short term downtrend
-We can see a retest of 600-700 potential new resistance
-This is a waiting game who will win in the short term
-Please wait for the breakout to avoid getting caught on the wrong boat
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.