CHRUSDT
✳️Chromia/USDT (8/11) View + Trading Plan #CHR $CHRAfter hitting the 0.035$ zone as our previous analysis, CHR is in pretty bad situation and heading to the 0.018-0.02$ or even 0.013-0.015$ support zone.
Only when the CHR closes the 1D candle above the 0.025$ zone, CHR will move up to 0.035$ zone
📈BUY- LONG
- Buy: 0.018-0.02$, stoploss if B
- Buy: 0.013-0.015$, stoploss if B
📉SELL-SHORT
- Sell: 0.023-0.025$, stoploss if A
- Sell: 0.018-0.02$ if B, stoploss if A
♻️BACK-UP
- Buy close to 0.023-0.025$ if A, stoploss if B
- Sell: 0.034-0.036$ if B, stoploss if A
- Sell: 0.048-0.05$ if B, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
CHR/BTC (Bearish Short Term Pattern?)💎Technical Analysis Summary💎
BINANCE: CHRBTC
-CHR is following a Bearish rising wedge pattern
-The price touches the key level of resistance
-We saw a strong rejection sending the price back inside the channel
-Though the pattern still valid for an uptrend
-For me personally, I won't trade Long on rising wedge patterns
-Especially if the price already hits a key resistance area or profit zone
-I will wait for better bullish patterns instead
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CHRUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.033) for 1D to buy,
3- You can buy when candles touching the support line (0.017).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
CHR/BTC (Rejected @ Trendline resistance?)BINANCE: CHRBTC
-CHR found support at previous resistance area around 400 sat
-The price bounces up to 584 sat which is a 67% increase from low to high
-But yesterday got rejected by the trendline resistance
-I expect it to pullback and potentially retest the previous support
-And try to form a double bottom reversal
-I recommend buying the break of trendline resistance
-Because it will likely confirm a reversal
-And continue higher in the coming weeks
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CHR Bullish Potential 30%Welcome to this quick update
CHR is looking ready to refuel and after some consolidation we can expect huge breakout to the upside.
Now in accumulation state and finding dynamic support.
Now we can DCA or keep our eyes glued to CHR and when we break R1, we blast off!
ENTRY: CMP (Current Market Price or DCA )
TARGETS:
644
680
768
Moon
If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section.
Stay safe
#PEACE
This is what I think.
Share your opinion guys!
CHRUSDT ANALYSISI have 3 positive signals.
ıf you hold this coin time to sell it or you can wait for a while to see any EngineeringRobo' s sell signal
if the resistance line turns to the support line you can buy it and you can watch EngineeringRobo' s signal
Have a good trade . If you want to use EngineeringRobo please dm me.
CHRUSDT AnalysisI am mostly positive about CHRUSDT. The chart has been above the upward trend (support line) for quite some time now. The MA 20 (blue line) is moving above the MA 50 (yellow line), indicating that it is time to buy it. If the chart breaks the 0.06935 resistance level, after confirmation with an open-close candle I can buy it. If the chart breaks the support level below, then I will sell it.
CHR Bullish Potential 40%Welcome to this quick update
CHR is looking ready to refuel and after some consolidation we can expect huge breakout to the upside.
Now in accumulation state and finding dynamic support. Once we can successfully break R1, we can easily go to R2 and potentially to R3.
Now we can DCA or keep our eyes glued to CHR and when we break R1, we blast off!
ENTRY: CMP (Current Market Price or DCA)
TARGETS:
513
534
590
719
If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section.
Stay safe
#PEACE
This is what I think.
Share your opinion guys!
CHR/BTC (Bearish Short Term?)CHR/BTC
-The price is currently testing the recent key support at 517 area for the 3rd time
-Technically, this is not good as the support becomes weaker over time
-If CHR is unable to break the downward trendline, it is likely to go down
-To the next key support area which is at 439 sat
-But if the Bulls can fight the short term downtrend
-We can see a retest of 600-700 potential new resistance
-This is a waiting game who will win in the short term
-Please wait for the breakout to avoid getting caught on the wrong boat
CHR/BTC (Successful Retest?)CHR/BTC
-after breaking the recent high at 502 sat
-the retest done was successful giving another 30% pump
-we can see good trading volume including strong buy orders
-CHR is strong bullish currently as the RSI is holding the overbought territory
-the next key level to watch is the resistance at 837 sat
-it is good to buy in this range? since there is a chance we see another leg up?
-good question but can you take a wide range of stop-loss under 500 sat?
-that is down under -20% loss if it will hit you?
-the market is bullish but you need to assess the risk-reward ratio too
-for me, I will wait for another pullback or consolidation before entering this trade
-it is all about your exit plan and potential profit
-don't be a bag holder, be a true trader, limit your loss
CHR/BTC (Strong Breakout)CHR/BTC
-since the last cross ultimate indicator signal last June 9
-the price has already now up to 130% pump
-there are multiple entry points using the MA as a support guide
-the last perfect breakout entry was July 19 bullish candle
-after that, the price pump over 40%
-if this uptrend will continue higher, the next target is up to 754 sat
-I do not recommend to buy at the current level, wait for minor consolidation
-will update this post once we have a potential re-entry position