CHR Chromia Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for CHR Chromia is $0.47.
Looking forward to read your opinion about it.
Chromia
#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.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
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
🆓Chromia (CHR) Apr-11 #CHR $CHR
CHR is correcting to $0.4 zone and this is the support zone where we can start accumulating CHR for the upcoming recovery of CHR. It may take a long time for CHR to break through the $0.6 zone, but the $0.48 and $0.58 zones are still possible for the next recovery.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.4$ zone
🔴Buy : 0.4
🔴Sell : 0.48 - 0.58
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.4$ zone
🔵Sell : 0.4
🔵Buy : 0.36 - 0.32
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Keep an eye on CHR!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 immidiate breakout from the falling wedge , then the best entry would be when the price breaks above 0.5$ 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 0.5$ and take profits at the levels shown in the chart.
Targets:
1. 0.58$
2. 0.68$
3. 0.85$
4. 1$
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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!
CHRChromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token (CHR) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients.
Chromia vs Tether 175% Potential TargetWe now look at Chromia vs Tether (CHRUSDT).
We have the classic and ultra common falling wedge pattern as well as a break above EMA50.
We have one final resistance; the "Immediate resistance".
If this level gets conquered, we can expect an easy 150 to 175% price jump.
This is not financial advice.
The charts are always changing...
Make sure to do your own research before trading.
Have a plan...
Wishing you success, health, wealth & luck.
Namaste.