CHRUSDT
CHR - Breakout will push the price higher#CHR/USDT #Analysis
Description
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+ Price is trading inside the channel and waiting to breakout from the channel
+ This breakout could change the downtrend started in early 2024
+ A rejection at the resistance could push the price further down.
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VectorAlgo Trade Details
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Entry Price: 0.21
Stop Loss: 0.1592
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Target 1: 0.2759
Target 2: 0.3481
Target 3: 0.4485
Target 4: 0.7180
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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VectorAlgo
#CHR/USDT SHORT TRADE IDEA#CHR/USDT SHORT TRADE IDEA👹
Leverage: 25x
Entries: $0.2471
Take profit 1: $0.2435
Take profit 2: $0.2324
Take profit 3: $0.2067
Stop Loss: $0.2607
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:CHRUSDT.P
Thanks
The sroced.
CHR's long term is bearishCHR seems to have completed a big triangle and can become bearish for the medium and long term.
From the supply range, we expect a downward price rejection.
The mid-term and long-term target is the lower green box.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CHRUSDT.1DAs I delve into the technical analysis of the CHR/USDT daily chart, it becomes apparent that the market is navigating a critical juncture, reflected by several technical indicators and price actions.
Market Overview:
The current price of CHR/USDT is $0.2556, witnessing a decrease of 3.15% in the latest trading session. This negative movement needs careful examination against the backdrop of the broader market trends and key technical levels.
Trend Analysis:
The price has been following a descending trend, as indicated by the downward sloping line that connects the series of lower highs. This trend suggests persistent bearish pressure. Observing this, I note that any strategic decision will need to consider the potential continuation or reversal of this trend.
Support and Resistance Levels:
S1 at $0.2024: This level serves as the immediate support. The price's proximity to this level suggests it might soon play a crucial role in either halting the decline or, if breached, accelerating the bearish momentum.
R1 at $0.3332: This is the current resistance level. A breach above this could indicate a potential reversal or at least a pullback within the ongoing bearish trend.
Technical Indicators:
Relative Strength Index (RSI): The RSI stands at 49.97, hovering just below the neutral 50 threshold, indicating a balance between buying and selling pressures. This neutral stance may shift if external market forces or fundamental changes impact trader sentiment.
Moving Average Convergence Divergence (MACD): The MACD line is slightly above the signal line but very close, suggesting a marginal bullish momentum in the short term. However, the proximity of these lines also signals a potential change could be imminent.
Volume Analysis:
While not explicitly shown, the volume associated with price movements would provide deeper insights. Increasing volume on downtrends confirms bearish strength, while decreasing volume may indicate weakening bearish momentum.
Strategic Trading Advice:
In my current strategy, maintaining a cautious stance is prudent. I would monitor the S1 level closely for any signs of a breakdown. A decisive close below this support could open positions for a short, targeting further declines. Conversely, any bullish reversal signals, especially a sustained move above R1, would necessitate a reevaluation of the bearish bias, potentially shifting to a more bullish or neutral trading strategy.
Conclusion:
The CHR/USDT pair presents a complex trading environment where careful monitoring of key technical levels and indicators is essential. The proximity to critical support suggests that the next few trading sessions could be pivotal. As always, incorporating stop-losses and closely watching market developments will be key to navigating this volatile environment effectively.
CHRUSDT(Chromia) Daily tf Range Updated till 05-07-24CHRUSDT(Chromia) Daily timeframe range. market is on dumping mode so nothing out of ordinary here. breaking 0.2097 clean can lead it to 0.1545. of course that needs a valid daily close. a buyback or retrace more possible in lower mid level after market stables.
CHR buy/long setupAfter the heavy drop, it has now broken the trigger line and created a bullish iCH.
There is a support area close below the price, on which we will look for buy/long positions if the price reaches this range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will cause analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
#CHR/USDT#CHR
The price is moving within a 12 hour descending channel pattern, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.2000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.2365
The first target is 0.2690
The second target is 0.3180
The third goal is 0.3744
Can CHRUSDT Break Free from the Downtrend?Yello, Paradisers! Is #CHRUSDT on the verge of a significant breakout, or will it succumb to downward pressure again? Let's dive into the technicals to find out!
💎#CHR is showing signs of rebounding from a demand area, suggesting a potential reversal to the upside. The target? Testing the resistance area at the 0.297 mark, right at the resistance trendline of a falling wedge pattern.
💎Historically, we've seen consistent bounces when the price hits the support trendline. A successful breakout above this resistance could lead to bullish momentum, significantly increasing the probability of reaching our target strong resistance area.
💎However, if CHRUSDT fails to break through the resistance, it could face rejection and head back down to revisit the demand area.
💎The bullish scenario will be invalidated if CHRUSDT fails to sustain above the demand area. Should this occur, the price could dip further.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
CHR/USDT SHOULD BOUNCE FROM HERE! ACCUMULATE NOW!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
CHR is sitting in the right position here. As you see in the chart, it is holding a good support here which is previously acting as a resistance. There is also a 200MA support here. Expecting a good bounce from here. Buy some now and add more in the dip.
Entry range:- $0.192-$0.212
Targets:- $0.34/$0.48/$0.58
What are your thoughts on CHR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
CHRUSDT Weekly Update.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
CHR is in a downtrend entering the support range between $0.1341 and $0.1925. From the Resistance 1 level at $0.498, CHR has already rejected 63% and according to the current price action, it is likely to be rejected further.
Here are the key observation levels:
Support and Resistance Levels:
~ Support 1: $0.1341 to $0.1925.
~ Support 2: $0.0851.
~ Resistance 1: $0.498.
~ Resistance 2: $1.249.
~ Bullish Scenario: The price is expected to bounce from Support 1 around $0.1341. The projected path shows a potential rise towards Resistance 1 around $0.4980.
If the price breaks above Resistance 1, the next target would be Resistance 2 around $1.249, representing a significant gain of approximately 1388%.
~ Bearish Scenario: If the price fails to hold Support 1, the next strong support level is at Support 2 around $0.0851. A break below Support 2 could lead to further downside.
DYOR. NFA.
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CHRUSDT | Bull Flag Analysis🚀 Exciting trade opportunity forming on CHRUSDT—you don’t want to miss this one!
Market Context
BTC is rising, and altcoin season is just around the corner!
Daily Chart
We saw an amazing breakout on the daily chart with a strong green candle. This signals robust bullish momentum.
2-Hour Timeframe
We're currently in a small retest phase. On the 2-hour chart, we've broken the previous high and are retesting it immediately. This is a classic sign of an upcoming move upwards.
Trade Setup
With a risk-reward ratio of nearly 8:1, this trade is too good to pass up! I'm targeting the next daily high, which aligns perfectly with our bull flag target.
This setup looks incredibly promising—let's see how it plays out!
CHR/USDT falling wedge bullish horizon? 👀🚀CHR analysis 💎Paradisers, observe as #CHRUSDT recently broke out from a falling wedge, indicating a strong potential for a bullish move, with the 100-day moving average currently posing as resistance.
💎 Following the breakout from the falling wedge, the price is now in a demand zone. If it maintains momentum here, there's a high probability it could break through the significant resistance above.
💎 However, given the market's volatility, if NASDAQ:CHR fails to keep up its momentum and drops below the demand level at $0.3018, this could suggest a weakening of the bullish position, potentially leading to a significant decline. In such a scenario, we might see a bullish rebound from a lower, strong support level $0.2503, but breaking below this could result in substantial downward movement.
MyCryptoParadise
iFeel the success🌴
CHRUSDT.1DThe daily chart for Chromia (CHR/USDT) shows that the asset has been trading within an ascending channel, indicating a bullish trend. However, the recent price action has dipped towards the lower boundary of the channel, currently at $0.3283, which could be a crucial support level (S1) at $0.2409.
The resistance level (R1) has been established at around the previous high of $0.5029. The RSI is slightly bearish at 41.81, and the MACD is below the signal line, both indicating that there might be more bearish momentum in the short term.
Traders might look for buying opportunities near the lower boundary of the ascending channel with a stop loss below S1, aiming for R1 as a short-term target. If the price breaks below the channel, it could signal a potential reversal of the bullish trend. It would be wise to wait for a clear signal such as a breakout or a bounce from key levels with confirming volume before making a trade decision.
#CHR/USDT#CHR
The price is moving in a triangle on the 12-hour frame and we have a support area in green at the 0.350 level
We have a higher stability moving average of 100
We have a good bounce being prepared from the lower border of the triangle once the downtrend breaks to the upside
The RSI indicator has a downtrend that is about to break higher
Entry price is 0.3800
The first target is 0.4121
The second target is 0.4550
The third target is 0.5100
CHRUSDT - Trend + Resistance Breakout!CHRUSDT (1D Chart) Technical analysis
CHRUSDT (1D Chart) Currently trading at $0.123
Buy level: Above $0.121
Stop loss: Below $0.097
TP1: $0.136
TP2: $0.165
TP3: $0.195
TP4: $0.3
Max Leverage 3x
Always keep Stop loss
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CHR/USDT Bullish pennant formation, Indicating Bullish momentum!💎 CHR has recently encountered notable market dynamics, with the current price bouncing within a support area and forming a bullish pennant pattern.
💎 This pattern typically suggests a continuation of the bullish trend. If CHR successfully breaks out of the pattern, it may experience significant upward movement, potentially reaching our target area.
💎 However, if CHR faces rejection and fails to break out, it may revisit the support area for multiple tests.
💎 This support area holds significant importance, as a failure to sustain it could lead to a breakdown and signal further downward movement for CHR.
CHR ANALYSIS (4H)In the current situation, you can look for a buy/long position only in the demand range, and only the buy/long position in this range is low risk.
There is a liquidity pool at the bottom expected to be swept away soon
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You