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Chromia

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 . ------------------------------------------- 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$ ------------------------------------------- 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!
Long
by MBM_Crypto
6
KAVAUSDT Daily TA : 01.15.22 : $KAVAAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 15.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
4
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 $1.42 level is a more aggressive target. Given the state of the market I would advice caution though when taking this trade.
Long
by Coinathlon
Could this pattern repeat on Chromia?Chromia has been doing pretty well after recovering from the december lows. Holding well in this dip and already gaining upwards momentum. I couldnt help but realise this pattern re occur (one in green rectangle). if you look closer it is very similar and if it plays out could signify a local top at the 618 level of the current fib retracement from the dip. Furthermore the red line you see all the way down is a trend line that exists from previous ATH to subsequent tops and once that broke CHR flew like there is no tomorrow. The recent crash wick retested this line so it is possibly a nice confirmation of upward move.
Long
by Suneater69
CHR UpdateHere's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above 0.72$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.72$ and take profits at the levels shown in the chart. Targets: 1. 0.84$ 2. 1.03$ 3. 1.18$ 4. 1.38$ ------------------------------------------- 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." ------------------------------------------- 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!
Long
by MBM_Crypto
5
Keep an eye on CHR - We could see a break to the upside soon!Here's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above 0.72$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.72$ and take profits at the levels shown in the chart. Targets: 1. 0.84$ 2. 1.03$ 3. 1.18$ 4. 1.38$ ------------------------------------------- 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." ------------------------------------------- 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!
Long
by MBM_Crypto