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CHRBTC

CHR/BTC (Rejected @ Trendline resistance?)BINANCE: CHRBTC -CHR found support at previous resistance area around 400 sat -The price bounces up to 584 sat which is a 67% increase from low to high -But yesterday got rejected by the trendline resistance -I expect it to pullback and potentially retest the previous support -And try to form a double bottom reversal -I recommend buying the break of trendline resistance -Because it will likely confirm a reversal -And continue higher in the coming weeks **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
3
CHR Bullish Potential 30%Welcome to this quick update CHR is looking ready to refuel and after some consolidation we can expect huge breakout to the upside. Now in accumulation state and finding dynamic support. Now we can DCA or keep our eyes glued to CHR and when we break R1, we blast off! ENTRY: CMP (Current Market Price or DCA ) TARGETS: 644 680 768 Moon If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section. Stay safe #PEACE This is what I think. Share your opinion guys!
Long
by CryptPeak
1
CHR Bullish Potential 40%Welcome to this quick update CHR is looking ready to refuel and after some consolidation we can expect huge breakout to the upside. Now in accumulation state and finding dynamic support. Once we can successfully break R1, we can easily go to R2 and potentially to R3. Now we can DCA or keep our eyes glued to CHR and when we break R1, we blast off! ENTRY: CMP (Current Market Price or DCA) TARGETS: 513 534 590 719 If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section. Stay safe #PEACE This is what I think. Share your opinion guys!
Long
by CryptPeak
1
CHR/BTC (Bearish Short Term?)CHR/BTC -The price is currently testing the recent key support at 517 area for the 3rd time -Technically, this is not good as the support becomes weaker over time -If CHR is unable to break the downward trendline, it is likely to go down -To the next key support area which is at 439 sat -But if the Bulls can fight the short term downtrend -We can see a retest of 600-700 potential new resistance -This is a waiting game who will win in the short term -Please wait for the breakout to avoid getting caught on the wrong boat
by PolarHusk
1
CHR/BTC (Successful Retest?)CHR/BTC -after breaking the recent high at 502 sat -the retest done was successful giving another 30% pump -we can see good trading volume including strong buy orders -CHR is strong bullish currently as the RSI is holding the overbought territory -the next key level to watch is the resistance at 837 sat -it is good to buy in this range? since there is a chance we see another leg up? -good question but can you take a wide range of stop-loss under 500 sat? -that is down under -20% loss if it will hit you? -the market is bullish but you need to assess the risk-reward ratio too -for me, I will wait for another pullback or consolidation before entering this trade -it is all about your exit plan and potential profit -don't be a bag holder, be a true trader, limit your loss
by PolarHusk
3
CHR/BTC (Strong Breakout)CHR/BTC -since the last cross ultimate indicator signal last June 9 -the price has already now up to 130% pump -there are multiple entry points using the MA as a support guide -the last perfect breakout entry was July 19 bullish candle -after that, the price pump over 40% -if this uptrend will continue higher, the next target is up to 754 sat -I do not recommend to buy at the current level, wait for minor consolidation -will update this post once we have a potential re-entry position
by PolarHusk
3