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CHESSUSDT

CHESS/USDT on the verge of a big breakout!🚀 CHESS/USDT on the verge of a big breakout! 🚀 The CHESS/USDT pair is showing signs of a potential breakout, and the momentum is building up. 📈 The price is testing key resistance levels, and if it successfully breaks through, we could see a solid bullish rally. 🔥 💡 What to watch for: - A confirmed breakout above the resistance could trigger a sharp upward move. 🚀 - Increased trading volume may signal stronger buying interest. 📊 👀 Keep an eye on it: This setup could present exciting opportunities. However, always do your own research and manage your risk. 🧐 ⚠️ Disclaimer: This is not financial advice. DYOR (Do Your Own Research).
Long
by Crypto-By-Ghazi
The chess kingTranchess (CHESS) Tranchess is a protocol designed to enhance yields while offering diverse risk-return options for asset management. The idea for Tranchess emerged in early 2020, evolving rapidly into its present form. Drawing inspiration from tranche funds which cater to different investor risk preferences, Tranchess operates by creating multiple risk/return profiles from a single principal fund. This fund can track a single cryptocurrency like BTC, ETH, or BNB, or even a combination of various crypto assets. CHESS serves as the governance token for the Tranchess protocol, where holders can earn it by staking QUEEN, BISHOP, or ROOK tokens. CHESS can be traded on exchanges like Binance and Pancake Swap. By locking CHESS, users generate veCHESS, which allows them to engage in weekly rebates and governance decisions within the Tranchess ecosystem. Architecture and Specs The Tranchess Protocol is designed to enhance yield by offering a range of risk-return solutions that diversify the risk/return profiles from a single primary fund tracking a specific underlying asset, like BTC. Here's an overview of the Tranchess Protocol architecture. Each module comprises multiple smart contracts to achieve the necessary functions. Everything is developed in-house, except for two contracts under the "Asset" category, which are adaptations from other protocols. The Tranchess Fund Protocol operates as a collection of smart contracts that form its primary market framework. Here, an underlying asset serves as the foundation for creating tokenized equities known as the Main Tranche (designated as Token QUEEN). Token QUEEN itself can be subdivided into two specialized tranches: Token BISHOP, aimed at accruing interest with a yield that adjusts weekly based on market dynamics and governance decisions, and Token ROOK, which offers investors a 2x leverage opportunity without the peril of liquidation, optimizing for capital efficiency. The protocol conducts regular assessments of the net asset value (NAV) per share. Should the ratio of NAVROOK to NAVBISHOP exceed 2 or fall below 0.5, this triggers a rebalancing mechanism, uniformly adjusting share counts in all wallets to maintain equilibrium. Tokenomics Maximum Supply: 300 million Community Incentives: 50% Team: 20% Future Investors: 15% Ecosystem / Treasury: 10% Seed Round: 5% This token distribution reflects a strategy aimed at supporting the community, ensuring project development through the team, and attracting investments for future growth. The allocation of tokens between the team, investors, and the ecosystem is intended to ensure long-term interest from all parties in the project's success, while the emphasis on the community highlights the importance of users and participants in the CHESS ecosystem. Fundraising Tranchess has successfully completed a seed funding round, securing $1.5 million. This round was spearheaded by notable investors such as Three Arrows Capital and Spartan Group, with additional participation from Binance Labs, Longhash Ventures, IMO Ventures, and undisclosed opinion leaders. Lead Investors: Three Arrows Capital, Spartan Group Other Investors: Binance Labs, Longhash Ventures, IMO Ventures, anonymous opinion leaders Vesting As of today, all tokens have been unlocked! GitHub Tranchess is actively developing their smart contracts and related products. They have several repositories that include core contracts as well as tools to interact with QUEEN, BISHOP and ROOK tokens, indicating active development and support for the protocol. Blockchain As you can see, most of the token issuance is centered between the team, Binance and one of the leading funds. This greatly simplifies the model for pumping the asset. In addition to all this, the activity of the market maker GSR is noticed, which can skillfully pump up the price. In addition, the wallets of other investment funds were also found. In total, the interested parties to the pumping of the asset have about 95% of the entire coin issue on their wallets. Conclusion We have a project in DeFi that is reborn and allows us to bypass taxation, to all this there are funds that are interested in pumping up the price. We have on board the fund (3AC) that needs price growth the most, we have a good GSR market maker, active developers and no distribution area that will be “drawn” by big capital! Be prepared for a booming growth, don't miss this chance. Best wishes, Horban Brothers!
Long
by horbanbrothers
Chess / Usdt BINANCE:CHESSUSDT Certainly! Here’s an explanation of the price levels and resistance/support zones for Chess: **Current Situation:** The price of Chess is at $0.2122, which is currently at a resistance zone. Resistance zones are levels where the price often struggles to rise above because selling pressure increases. **If Price Breaks Resistance:** If the price manages to break above the current resistance at $0.2122, the next significant resistance level to watch is $0.2501. This is where the price might face another obstacle, as sellers might start to come in, potentially preventing the price from rising further. **Support Levels:** If the price does not hold at $0.2122 and begins to fall, the next support level is $0.1691. Support levels are points where buying pressure could increase, potentially halting or slowing down the decline. If the price falls below $0.1691, it could continue to drop towards lower support levels at $0.142 and $0.1123. These are additional levels where the price might find some buying interest and stabilize. **Summary:** To sum up, if Chess breaks through $0.2122, it might reach up to $0.2501. However, if it falls below $0.2122, it could drop to $0.1691, with further declines possible towards $0.142 and $0.1123. Monitoring these levels can help traders make informed decisions about buying or selling. Disclaimer : I am Not Financial Adviser . If You Loss Money Its Your own Headache or Problem . Do Not Invest If You Think You always Gonna Make Money . (DYOR) Always Do You Own Research...
by Wolftrader1337
CHESS/USDT Gearing Up for a Bull Rally? 👀🚀 CHESS Analysis 💎Paradisers, turn your attention to #CHESSUSDT, as it's signaling a potential for a noteworthy move from a crucial demand level. 💎 #Tranchess is charting an upward course, indicating a likely bullish departure from its current demand zone. We're looking at a potential retest of the demand level at $0.17, with a significant supply zone on the horizon. If #CHESS holds firm above this mark, it may set the stage for an ascent toward the major supply zone at $0.26. 💎If #CHESS encounters difficulties in holding above the support level, a reassessment of our trading approach might be necessary. In that event, we would consider initiating a bullish movement from a lower bullish Order Block (OB). 💎Monitoring this level closely is essential, as dropping below it could initiate a considerable bearish trend. 💎Stay vigilant and ready to adapt, Paradisers. Your ParadiseTeam is committed to offering the latest insights and strategic advice, ensuring you're primed to effectively tackle these market developments.
Long
by MyCryptoParadise_Simon
#CHESS/USDT [Tranchess]: Super_Trend Bollinger_BreakoutWe've detected both a Bollinger Band breakout and a Super Trend pattern on the CHESS/USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
by Crypto2AF
CHESS : THIS CAN BE THE NEXT HIGH INCREASE COINChess coin is a cryptocurrency that is not currently among the top 100 coins in terms of market capitalization. As with any cryptocurrency, investing in Chess coin carries a certain amount of risk. However, recent price action has shown that this coin may have potential high rewards also. For the first time since June 26, 2022, Chess coin has shown a pattern that suggests it may be at the start point of a breakout. As a result, it is worth watching to see how the coin performs in the coming days. As always, it is important to do your own research and to trade safely when investing in cryptocurrencies. The price of chess seems now stable, when prices already increased most of the time it's not more interesting to watch for day trading low time frame. Chess made an important cross, we will see if this cross will get confirmed and enter a breakout. If you are a day trader, use always SL, hopping on a coin or no SL ends most time in a high minus trade. Normally when you check the price action it would be not interesting to trade it, since the cross happened on it, and also other TA reasons, which makes it interesting for a breakout. Depending on the market study it's possible that this coin can show a high increase in view coming time as the chart shows.
Long
by Goldenbreakout
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