Alikze »» CHR | Movement in the ascending channel
🔍 Technical analysis: Movement in the ascending channel
- It is moving in a long-term ascending channel in the weekly time frame.
- So far, it has had several reactions to the dynamic trigger of the channel floor.
- In the previous rally, as you can see, it had a sharp growth.
- The wave correction has extended to the bottom of the channel, while the correction was able to extend to 0.23 fibo of the previous wave.
- Therefore, I expect it to enter the next bullish rally after the pullback to the swing and the green box range.
- After confirming the range of the green box, the first target will be the range of 0.29 and the ceiling of the channel. If it continues, we should witness the continuation of the upward trend, which will be provided in the following updates if it is realized.
💎Note: In addition, if the previous floor (Invalidation LVL) is touched, the upward analysis will be canceled from the validity level.
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CHRUSDT
- It is moving in a long-term ascending channel in the weekly time frame.
- So far, it has had several reactions to the dynamic trigger of the channel floor.
- In the previous rally, as you can see, it had a sharp growth.
- The wave correction has extended to the bottom of the channel, while the correction was able to extend to 0.23 fibo of the previous wave.
- Therefore, I expect it to enter the next bullish rally after the pullback to the swing and the green box range.
- After confirming the range of the green box, the first target will be the range of 0.29 and the ceiling of the channel. If it continues, we should witness the continuation of the upward trend, which will be provided in the following updates if it is realized.
💎Note: In addition, if the previous floor (Invalidation LVL) is touched, the upward analysis will be canceled from the validity level.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
CHRUSDT Comment
According to the movement scenario, in the green box area, demand has been met, which has grown by more than 18% so far. 
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