Chromiausdtlong
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.
CHR on a bullish tearOver the past week Chromia has gone up 80%, but I believe there might be more in this ons. At this stage of the market cycle we shouldn't be suprised to see 2x or more moves.
Bullish:
- Touching on the -0.618 FIB (daily level)
- Strong bullish divergence on the MACD
- Descending wedge
- On a support level
Bearish:
- EMA's moving closer together
- Price has used the 50 EMA beautifully as support over the past weeks (red arrows) but has now broken below it. Will this mean that it'll also serve as strong resistance?
Setting my stop loss just below the most recent swing low and the 200 EMA.
How do you feel about this setup?
CHR could continueChromia came to our -1.618 FIB level to give us our profit targets. If you're looking for a play here, this might be the setup for you.
- Retracement to the -1.618 level we had already alligns with the .382 FIB level we can draw from the recent run
- Bullish divergence already on the RSI (could increase)
- Stop loss set below most recent swing low, support zone and golden pocket.
Safe trading y'all
CHRUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
#CHROMIA @ Support - SWING LONG #CHROMA #Chromia 4 Hour Analysis
Leverage - 10 x
Entry Price - $0.3579
Stop Loss / Loss - $0.3400
Exit Price - $0.4092 (Target 1) $0.4433 (Target 2)
Risk to reward - 5 to 1
Candle Sticks - Morning Star, Tweezer Bottom, Reversal Pin
Chroma has found support and the bulls are looking to swing up.
Best of luck, let me know your thoughts in the comments!