CHR/BTC (Bearish Short Term?)

CHR / BTC

-The price is currently testing the recent key support at 517 area for the 3rd time
-Technically, this is not good as the support becomes weaker over time
-If CHR is unable to break the downward trendline, it is likely to go down
-To the next key support area which is at 439 sat
-But if the Bulls can fight the short term downtrend
-We can see a retest of 600-700 potential new resistance
-This is a waiting game who will win in the short term
-Please wait for the breakout to avoid getting caught on the wrong boat