CherrySwap (CHE) with bullish divergenceCherrySwap is the DeFi platform with the highest TVL (Total Value Locked) on the OKEx blockchain.
On the chart we can see a bullish divergence, which could break up.
The OKT and OKB cryptocurrencies native to this blockchain also appear to be upside potential.
Consider the BTC.D (Bitcoin Dominance) graph. When it's going up, it's not a good time to be on Altcoins.
CHEUSDT
Possible downtrend continuation for CherrySwap (CHE)By plotting the Elliot waves, we are on wave 5.
If we continue with wave 5, we will reach level 1 of Fibonnaci.
In wave 5 we have the ABC correction subwaves, where we can have the bear scenario in red, and possible bull reversals in green.
Good winds!
Always manage your risk and never outsource your decisions!
