CHR EXUDES CONFIDENCEClearly, we can witness an inverse H&SH pattern, which is a bullish sign.
MACD is on the verge of a positive cross, and the MACD in the 12H timeframe confirms that.
Stoch RSI, also, showcases a positive cross.
RSI seems poised to climb higher.
MA100 & EMA50 are solid walls of support. If conquered robustly, MA50 could boost the momentum.
Volume is decent.
Support zones are designated in green, and resistance areas are in red.
Plus, fundamentally speaking, Coinbase Custody has recently added this coin to its list.
My targets are: 0.60/0.68/0.80/0.89
Chromia
CHR - 1D - Elliott Wave perspective After completed ABC retracement, CHR would run the last V wave, target minimum: $1.3
The best buying zone will be ranged from 0.35 till 0.28
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Chromia CHR $0.65 soon !Chromia long overdue correction and consolidation !
Finally we can see some price action and the journey to $0.65 begins !
Buckle up we moon soon !
First stop for chromia is gonna be $0.65 , consolidate a bit then shoot all the way up beyond $1 !
May the Gains be with us all !
CHR is tighting the range, Breakout comingCHR is now forming a symmetric triangle and is fighting the range. A breakout will start a new rally in CHR. We have seen how CHR pump when news release. CHR team is working hard on the developments and partnerships and CHR has a lot of positive news coming in the next few weeks.
Buy Zone: $0.33 - $0.335
Target: $0.37 - $0.395 - $0.424 - $0.464 - $0.497 - $0.544 - $0.598 - $0.643 - $0.694 - $0.755 - $0.834
Bullish Reversal (Head & Shoulders) For CHRUSD (Chromia)A Head & Shoulders is starting to play out on 4H TF on CHRUSD. The H&S pattern is yet to be validated when price closes above the neckline.
Head& Shoulders are one of the most profitable patterns in markets!
Chromia has a relatively small market cap of $170 million at the time of writing.
Technical insight:
On the Daily TF you can see the big move was accompanied with big volume .
CHR is getting attention of bulls, however price is currently testing somewhat resistance.
Resistance looks weak comparing it with the pump:
Good pump with good volume. Looking at the overall volume in this market, the majority is buying despite the recent big drop.
Small Fundamental insight:
Chromia is a blockchain for building dApps & to create NFTs.
Blockchains with support for NFT development have been exploding recent weeks, now they're consolidating, which is a good sign.
Maybe you know the token ALICE ?
The token got listed on Binance and skyrocketed 25.000% (!) on its listing which created alot of attention around this token.
The reason I mention ALICE is that it is built using the Chromia platform.
It is a multiplayer blockchain builder game, where anyone can buy and own virtual islands and collect exciting items in the form of NFTs.
ALICE has a market cap of $270 million at the time of writing and I see Chromia growing towards that direction, which would be an increase of around 58%.
Feel free to add any suggestions/feedback!
🆓Chromia/USDT Analysis (6/4) #CHR $CHRThe buying force appears at 0.35$ and it is forming the Higher Lows pattern. If it can hold 0.35$ zone, it will move up to 0.45$, 0.6$ or even 0.95$ zone in this April
📅EVENTS
👉Jun 30 : Exchange Staking
📈BUY
-Buy: 0.34-0.36$. SL B
-Buy: 0.44-0.46$. SL B
📉SELL
-Sell: 0.44-0.46$. SL A
-Sell: 0.60-0.63$. SL A
-Sell: 0.93-0.97$. SL A
♻️BACK-UP
-Sell: 0.34-0.36$ if B. SL A
-Buy: 0.2-0.22$. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
🆓Chromia/USDT Analysis (19/3) #CHR $CHRCHR is moving sideways around 0.4$ and we can expect it will have a chance to move up to 0.5$, 0.65$ or even 1$ in the next few days
📅EVENTS
👉Mar 31 : Chromia Originals Beta
👉Jun 30 : Exchange Staking
📈BUY
-Buy: 0.39-0.41$ if A. SL if B
-Buy: 0.49-0.51$ if A. SL if B
-Buy: 0.65-0.68$ if A. SL if B
📉SELL
-Sell: 0.49-0.51$. SL if A
-Sell: 0.65-0.68$. SL if A
-Sell: 0.95-1$. SL if A
♻️BACK-UP
-Buy: 0.29-0.31$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"