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PolarHusk
Sep 8, 2020 3:59 PM

CHR/BTC (Rejected @ Trendline resistance?) 

CHR / BitcoinBinance

Description

BINANCE: CHRBTC

-CHR found support at previous resistance area around 400 sat
-The price bounces up to 584 sat which is a 67% increase from low to high
-But yesterday got rejected by the trendline resistance
-I expect it to pullback and potentially retest the previous support
-And try to form a double bottom reversal
-I recommend buying the break of trendline resistance
-Because it will likely confirm a reversal
-And continue higher in the coming weeks



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Comments
Fatema_Ahamed
thanks
Sadovoy_Trade
👍
PolarHusk
@Sadovoy_Trade, thanks :)
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