CHR
CHR (UPDATE)CHR is again heading towards the resistance area and also getting support at the small uptrend line.
You can open short position near 0.43 - 0.46 resistance area (don't use too much leverage) or just wait how it react at resistance and buy after breakout.
The uptrend line support is near $0.37 area.
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$CHR/BTC 4h (Binance Spot) Falling wedge near breakoutChromia has formed a bullish pattern and looks ready to break-it, but we may see a last pull-back to 100EMA first.
Current Price= 0.00000871
Buy Entry= 0.00000838 - 0.00000806
Take Profit= 0.00000926 | 0.00001012 | 0.00001132
Stop Loss= 0.00000739
Risk/Reward= 1:1.25 | 1:2.29 | 1:3.73
Expected Profit= +12.65% | +23.11% | +37.71%
Possible Loss= -10.10%
Fib. Retracement= 0.618 | 0.893 | 1.272
Margin Leverage= 1x | 2x
Estimated Gain-time= 2 weeks
BITCOIN (UPDATE)Bitcoin bounce from the structural support zone and hodling above it. On the hourly chart, the price is in a range since Friday.
Right now candles showing some movement. Let's wait for a breakout on either side.
If price breaks below, then we might gonna see $47000 price again.
I'll share more updates!
CHR break resistance trendline !!!Rejection occurs on MA100 and is supported by crosses on MACD. If the closing price is above the trendline, I think the price will go up to $0.457
stay safe trader, always maka your analysis before a trade !!!
if you have any questions write in the comments column....
Happy Trade....
CHR upside continuation?CHR is just under the neckline of that big cup and handle (you can find it on my previous CHR chart). The neckline is at 0.46464, breaking that could lead us to a possible big move upside... You could watch that RSI trendline breakout as a confirmation method also... Set your alarm for this one. Could bring a nice profit...
CHR (UPDATE)CHR did a great pump and reached almost $0.5 although CHR is now back below the resistance area leaving a long wick.
If you sold near $0.5 then you made 50% profit.
CHR need to break this resistance level otherwise we will see $0.3 - $0.33 area again.
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CHR Uptrend Continuation?If we do see a large pullback we may fall too .35 which is a strong resistance. If we do end up falling to there it would be a great entry point if you're looking to average down or enter into the market for the first time.
If you take a look at the RSI it's showing we were in a wedge pattern that created a nice Elliott's Wave with a breakout & now on a retest.