CHRUSDT trade ideas
CHR/USDT long Fundamentals:
The current sentiment in the market is heading toward a beautifully frothy altszn that will hopefully be the catalyst for erecting my nipples for the first time since my wife left me. Today we have seen the beginnings of the frenzy with the ETH killers making strong moves upwards, Solana making a new ATH among them, whilst ETH calms tf down and begins to go sideways at last. The current hype is in ETH killers and new blockchains so to make the best plays we have to find "hidden gems" in this sector that have not been blessed by the sticky green fingers of the omniscient chad god. CHR fits all our requirements for a great gem play as it is a new blockchain offering that is pumping out great updates and is flattening out after the classic Binance listing pump and dump.
This makes it a great choice as a underdog ETH competitor given they have some interesting ideas to separate themselves from the crowd (the blockchain explorer is neat for one) and it has just finished a Binance trading competition which almost always leaves poor tokens exhausted and beaten within a inch of their life from vicious bear attacks.
Overall, seems undervalued and good for a fresh apeing.
Technicals:
Since the Binance listing and the end of the trading completion we have found ourselves right at the bottom of a glorious dump. The PA is coiling together (shown by the blue trend lines) which almost always indicates a violent move. Given the highs are falling while the lows stay relatively flat, this creates the fabled 'Bull flag' which never ceases to cause my brow to sweat and my loins to ache.
We will enter at current price (0.32) given that alts look frothy with half of our position and compete our full entry at the 0.786 FIb (0.302). We're hoping for a test/smash of the downward trend into our TP at 0.469 and some consolidation into the ATH resistance. Our SL is below the most recent wick down at 0.25.
Good ape use low leverage, good ape profit.
CHRUSDT CHART ANALYSISCHRUSDT will be testing support at the yellow line support and might get a good upthrust
CHR EXUDES CONFIDENCEClearly, we can witness an inverse H&SH pattern, which is a bullish sign.
MACD is on the verge of a positive cross, and the MACD in the 12H timeframe confirms that.
Stoch RSI, also, showcases a positive cross.
RSI seems poised to climb higher.
MA100 & EMA50 are solid walls of support. If conquered robustly, MA50 could boost the momentum.
Volume is decent.
Support zones are designated in green, and resistance areas are in red.
Plus, fundamentally speaking, Coinbase Custody has recently added this coin to its list.
My targets are: 0.60/0.68/0.80/0.89
CHR will easily doubleLike to support and follow for more content!
We can see that CHR is forming an inverted head and shoulders, if it forms and we break with confirmation, our target is 0.7. The we could go to 0.9 and 1.12 as our next targets.
Best buy level: 0.284 and when we break the inverted H&S.
Support: 0.284
Resistance: 0.45
What do you think?
Good luck traders,
NajjarTrading
CHRUSDT : What Will Happen?!if CHR can Break $0.46- $0.48 Resistance Zone, Next Target will be in $0.73 - $0.78 Area :)
$CHRUSDT - Bullish flag and possible ABCD pattern on the watchHello everyone!
Chromium is testing a very important support level.
I drew this long position setup for test purposes, the best is to wait for a breakout and go long.
The market will soon end the correction when all coins are oversold, which in CHRUSDT is happening now.
When going long, mind resistances ahead and close positions partially accordingly.
CHR Bearish Cypher$CHR
- Bearish Cypher
- Bullish Divergence MACD 4H
Trade Plan: Long
Entry: 0.3236
TP1: .40 - .45
TP2: .55- .60
TP3: .65 - .70
Stop Loss: 0.2627
CHRUSDT - MULTI TIMEFRAME ANALYSIS (LONG SETUP)If you like my analysis comment below what you would like me to breakdown next.
Inverse head & shoulder ..CHRit made a inverse head & shoulder..its a must buy call..soon it will pop and look to ATH..
DYOR..
Like & comment for your feedback
CHRUSDT LONGIt seems that we are witnessing a price increase in this coin.
Görünüşe göre bu madalyonda bir fiyat artışına şahit oluyoruz.
TP1 : 0.6
TP2 : 0.74
TP3 : 1
CHRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price can follow the reverse pattern and we can place a buy order in that area for the above purposes and those who do not want to trade risk can enter the trade after breaking the top line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
CHRUSDTCHR sucessfully defended the support and broke out of the current descending trend. Look out for a valid entry and take profit.
