CHESSUSDT trade ideas
Finally Tranchess (CHESS) Broke Out Key Resistance For Big PumpHi friends, hope you are well and welcome to the new update on Tranchess (CHESS) token
Triangle and key resistance:
On a daily time frame, since Oct 2021 the priceline of Chess was moving in a triangle. Finally, the priceline broke out the resistance of this triangle after more than 2 months. There was also a key resistance at $2.15 and Chess has also broken out this resistance as well. Now $2.15 can turn into strong support and there is a possibility that the priceline may re-test this resistance as support for the next move. Once this retest will be successful then a long-term bull run can be started. There will be upcoming resistance levels at $3.90 and $8.17. We can also set our sell targets according to these resistance levels as well.
Bullish Gartley move:
On a daily time frame, CHESS has also formed a bullish Gartley pattern.
In order to trade this Gartley pattern the targets can be as below:
Buy between: $2.676 to $1.744
Sell between: $3.984 to $5.367
Stop loss:
Stop loss can be set below the maximum extent of buying zone which is $1.744
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 207% and a high loss possibility is 35%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CHESSUSDT is ranging between Daily StructuresCHESSUSDT is ranging between daily structures. IF the price is going g to have a breakout from the daily resistance, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Tranchess (CHESS) broke out big triangle and a key resistanceHi, friends hope you are well and welcome to the new trade setup of Tranchess (CHESS) token.
Previously on 5th Dec, I shared below the idea of CHESS, which is still in play:
Now in reference to my below post:
As we were expecting, Chess has broken out a big descending triangle and a key resistance of $2.15.
Buy between: $2.15 to $2.80
1st target: $3.90
2nd target: $8.17
Stop loss: Now $2.15 resistance can work as strong support, therefore the stop loss can be set below this level.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Tranchess (CHESS) | A Parabolic Move ExpectedHi friends hope you are well and welcome to the new update on Tranchess (CHESS) token.
Big triangle:
From the last week of Oct 2021 Chess was moving in a descending triangle. Now it has broke out the resistance of the triangle, but there is still a price resistance of $2.15 and this level has previously been working as resistance as support. Therefore this time $2.15 can work as a key resistance for any big move.
Oscillators turning parabolic:
The RSI and Stochastic have started forming higher highs and higher lows and formed a parabolic move, therefore, soon the priceline can follow this move and start a parabolic rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Chessusd BuyHello traders!
Chess coin is in consolidation since the start of this month and it is now ready for a breakout.
As we can see this consolidation is below the correction pattern which means sooner or later it's going to jump inside the same trendline. It means in any case we are going to see some bullish move in chase soon.
The expected target is 100% of the investment.
There is a point where we will see Chess will go crazy, it's the point where unused Resistance level and broken trendline collide and it will collide on 2nd Jan 2022. It's the point where the market opens new dimensions for the pair.
You should be careful of collision points because
If Chess hits a collision point while rising then we will see a big bullish move.
If Chess hits the collision point from above means it has already broken 4.26 resistance then it will come back to the collision point on 2nd jan and we will see a crash in the chess coin.
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[Update] PRE/USDT still continuing in its bullish momentum Daily
Hey people
CHESS / USDT is in a bullish push with a test of the uptrend line, as well as the horizontal resistance zone and the rebound on digonal resistance.
Which acts as a downtrend line is a very important validation at this point.
It is very likely that we breakout for a return of volume on the last previous zennith and this time make a new ATH.
Enter a big resistance to pass through how the price governed on its downtrend line in yellow.
The Target is the top of the range price especially thought to check how the broken levels remain essential.
This is not an investment but a recommendation for use
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🆓Tranchess (CHESS) Dec-7 #CHESS $CHESS
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.8$ zone
🔴Buy : 2 - 1.8
🔴Sell : 2.6 - 3.2 - 4
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.8$ zone
🔵Sell : 1.8
🔵Buy : 1.4
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$CHESS Tranchess the possible big surprise of chessTranchess or $CHESS will be the next surprise in gobernance
Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC), which consists of 3 tranche tokens (QUEEN, BISHOP, and ROOK) and its governance token CHESS. The platform offers various features including a DEX (Tranchess Swap), money markets (Primary Market), staking, and network governance.
This analysis is just an idea. It's not an investment advice.
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