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CHR / TetherUS

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CHRUSDT trade ideas

CHRUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. Looking at CHR/USDT in a daily time frame, we can recognise that the price lost its previous support, transforming it into a resistance area which we identified as a red line. Yet the support area we already detected and highlighted in green is expected to act as a pullback zone, inducing a recovery for which we consider an end after a new collision whith the resistance line marked above. This scenario would lead to another fall. Furthermore we take the opposite case into account in which the price could make its way through the first as well as the second resistance line, giving us a signal for a further rise. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Short
by MarsSignals
2
Keep an eye on CHR!Here's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the immidiate breakout from the falling wedge , then the best entry would be when the price breaks above 0.5$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 0.5$ and take profits at the levels shown in the chart. Targets: 1. 0.58$ 2. 0.68$ 3. 0.85$ 4. 1$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2
Chromia vs Tether 175% Potential TargetWe now look at Chromia vs Tether (CHRUSDT). We have the classic and ultra common falling wedge pattern as well as a break above EMA50. We have one final resistance; the "Immediate resistance". If this level gets conquered, we can expect an easy 150 to 175% price jump. This is not financial advice. The charts are always changing... Make sure to do your own research before trading. Have a plan... Wishing you success, health, wealth & luck. Namaste.
Long
by MasterAnanda
1