#CHR/USDT 2Hr Best Entry !!Welcome to this quick CHR/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- CHR/USDT looks bullish and buys the green zone and targets 65%.
CHR/USDT LONG TRADE SETUP
Entry:-$0.2176,$0.2230
Traget:- 65%
Stoploss:- $0.2024
leverage:-5x To 10x
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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Thank you...
CHRBTC
Chromia Potential Bounce After Complex CorrectionChromia (CHRBTC) is now producing a 'bounce' after a complex correction.
On top of the ABC correction pattern as reversal signal, we also have a strong RSI and the MACD trending upwards...
We can also see above average volume on today's candle.
The next target is marked on the chart.
Namaste.
CHR/USDT SCALPING SETUPCHR Can sustain on support demand zone at the time right shoulders
We can see any Inverted Head & Shoulders , potential going to resistance back to try breakout the resistance
recommendation for scalping not for hold
Entry : 0.418 , 0.4080
Target : 0.438 , 0.4493 , 0.4758 , 0.49
Stoploss : $0.3980
Don't overlook Chromia! Here's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 1.5$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Quick Look at CHRHere's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 1.5$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Chromia Loading up for a big moveHere's a quick Look at CHR daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The best entry would be, when the price breaks above the descending triangle with good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
1. 0.97$
2. 1.2$
3. 1.5$
4. 2$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR (Update)CHR broke its major resistance level turning it into a major support zone. The daily chart has a lot of wick showing rejection. 4-hour charts seem to be taking retests on the zone. You can open buy positions within the zone with small risk and rest if price dumps.
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Chromia Loading up for new ATH! Keep an eye on this oneHere's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger Cup & handle pattern and and a break above 1$ could lead to a revisit of previous ATH! CHR has been doing well while the rest of the market has been down. Its just about time when we see a New ATH for this coin! Definitely Keep an eye on this!
The best entry would be, when the price breaks above 1$ with good amount of volume .
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The idea is: Buy when the price breaks above 1$ and take profits at the levels shown in the chart.
Targets:
1. 1.08$
2. 1.2$
3. 1.5$
4. 2$
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHRUSDT Playing like a legend :)Hi guys . we got a good situation with CHRUSDT . let 's see
he was playing on a big respectable major S&R channel that he has broken recently.
we got 2 scenario here .
1 : pass the Res Zone
if he pass that green zone that means CHR have a strong buyers and we will look for Entries and buy positions.
2 : reject the Res Zone
also if he reject that greeny area , with high possibility will come back and retest upper (50%) major channel and then will try to strike that green area .
That 's it :)
Happy to listen your ideas about CHRUSDT too :)
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GO LITTLE ROCKSTAR
Chromia buy opportunity- Overal market structure is bullish with higher highs and lows
- Touched the trendline that dates from late september 2021
- Faked the green support zone
- Bullish candles: bearish body with long lower wick followed by bullish engulfing and three white soldiers. This made for a good move last time around (compare the blue arrows)
- MACD crossover about to take place
- Broke above the 50 EMA
Setting my SL just below the EMA. Taking the $0.93 level as a conservative target. Where the $1.42 level is a more aggressive target. Given the state of the market I would advice caution though when taking this trade.
CHRBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. This is the signal which all of its targets were hit. We have an S1 line which the price has hit two times and was supported. The price was able to break the R1 line where our buy signal was issued and has given us around %28 profit. The price can move up from right here or it can have a pullback to S1 and then we can buy. If S1 is broken then there is more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck