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CHESS / TetherUS

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CHESSUSDT trade ideas

Chess Technical Analysis Shows Two Scenarios ?Scenario 1:- Price of the asset is expected to correct and reach a strong buying area between 0.1600-0.1700 levels. This means that the price has been oversold and needs to cool off before continuing its upward journey. Once the correction is completed, the price might take support from 0.1600-0.1700 levels and move till 0.2300-0.2400 levels (trendline resistance). Scenario 2 :- There are two possibilities. A. The first possibility is that the price might break below the strong buying area between 0.1600-0.1700 levels and continue its downward journey. This indicates that the bears have taken control of the market and the price is likely to go down further. B. The second possibility is a fake breakdown, where the price breaks below the strong buying area but quickly returns back above it. This is a trap for short sellers who might sell in panic, providing liquidity for buyers to push the price up again. Summary Both scenarios involve the price of the asset correcting from its oversold state. It is important for traders to analyze the market carefully and use technical analysis tools to make informed trading decisions. #plan your trade , trade your plan !
Long
by KingCharts
#CHESS/USDT [Tranchess]: Super_Trend Bollinger_BreakoutWe've detected both a Bollinger Band breakout and a Super Trend pattern on the CHESS/USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
by Crypto2AF
CHESS : THIS CAN BE THE NEXT HIGH INCREASE COINChess coin is a cryptocurrency that is not currently among the top 100 coins in terms of market capitalization. As with any cryptocurrency, investing in Chess coin carries a certain amount of risk. However, recent price action has shown that this coin may have potential high rewards also. For the first time since June 26, 2022, Chess coin has shown a pattern that suggests it may be at the start point of a breakout. As a result, it is worth watching to see how the coin performs in the coming days. As always, it is important to do your own research and to trade safely when investing in cryptocurrencies. The price of chess seems now stable, when prices already increased most of the time it's not more interesting to watch for day trading low time frame. Chess made an important cross, we will see if this cross will get confirmed and enter a breakout. If you are a day trader, use always SL, hopping on a coin or no SL ends most time in a high minus trade. Normally when you check the price action it would be not interesting to trade it, since the cross happened on it, and also other TA reasons, which makes it interesting for a breakout. Depending on the market study it's possible that this coin can show a high increase in view coming time as the chart shows.
Long
by Goldenbreakout
3
Tranchess CHESS - 1-year trendline is breaking out! CHESS is completely ready for a massive uptrend! A 1-year trendline is breaking out on the LOG scale, which is always nice to see. Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump. If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here! The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside. Place your profit target at the start of wave (4). I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
43