Long

SwissBorg: No empty promises

Updated

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CHSB is currently undervalued

I'm not going to hide the fact I'm very much convinced by what SwissBorg has delivered and also by their way of going about it. The products and services launched are not only high-quality, but SwissBorg does everything in a professional, water-proof way. Empty promises are a problem in the crypto world and we've seen too many hyped projects fail or not living up to raised expectations. SwissBorg is the complete opposite. They build the product first, make sure it works and brings real value to users like you and me, and let the product speak for itself.

The SwissBorg Wealth App is live in over 40 countries, with more being added on a regular basis. In addition, SwissBorg has recently been covered by notable exponents of the crypto-verse and word of an upcoming referral program has made its way around. These developments project a steady growth of the Wealth App user base and with it asset influx. I'm very cautious and I won't shout "moon" claims soon, but I'm extremely positive on SwissBorg's growth and with it strong CHSB volume increase as more people understand how powerful the Smart Engine accessible in the Wealth App actually is.

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Technical Analysis

After the price surge up until the middle of May, CHSB has been consolidating for almost a week. On the 1 hour time frame, the price has first been oscillating between its Bollinger bands, while the RSI has largely been meandering around the neutral zone, all showing market indecisiveness and selling pressure around the USD 0.03 price level. The two CHSB price dips that occurred were correlated with Bitcoin price dumps and were preceded by slight Bollinger bands squeezes. However, CHSB recovered much better than Bitcoin after the first dip. The second Bitcoin correlated CHSB price dip is still unfolding. Let's pay close attention to how it plays out.

In order to return to a clear trending market, CHSB would need to break the resistance level at USD 0,0302 and simultaneously show strong price independence from BTC. As long as Bitcoin doesn't manage to break the descending resistance line reaching back to the 2017 all-time high from which it recently bounced back, CHSB might be dragged down along with Bitcoin, at least to a certain degree.

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Trend Perspectives

Knowing the CHSB token offers real value to a growing user base beyond its current price level provides the confidence of a long-term bull, knowing CHSB has the power within to forge its own destiny, independent of Bitcoin.

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Since we are still in the launching phase of the SwissBorg Wealth App, any pullback should currently be treated as an amazing opportunity to acquire more CHSB token at a good price.

micha-david

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