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PolarHusk
Oct 14, 2020 6:39 PM

CHR/BTC (Bearish Short Term Pattern?)Β 

CHR / BitcoinBinance

Description

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πŸ’ŽTechnical Analysis SummaryπŸ’Ž


BINANCE: CHRBTC

-CHR is following a Bearish rising wedge pattern
-The price touches the key level of resistance
-We saw a strong rejection sending the price back inside the channel
-Though the pattern still valid for an uptrend
-For me personally, I won't trade Long on rising wedge patterns
-Especially if the price already hits a key resistance area or profit zone
-I will wait for better bullish patterns instead



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Comments
cryptosince1963
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Nice call, definitely looks bearish!
PolarHusk
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@reggiogeorge, Thanks mate! πŸ»β€β„οΈπŸ˜ƒ
Sadovoy_Trade
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I agree
PolarHusk
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@Sadovoy_Trade, Thanks! πŸ»β€β„οΈπŸ˜ƒ
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