Hi 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
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