Chromia (CHR) vs USD

Following a 75% correction from the overbought condition (green column), we now have an oversold condition (orange column). From the above 1-day chart Stochastic RSI is shown as crossing up 20, perfect buy opportunity, following a break of RSI resistance.

On the 4-day chart below we can see past price action resistance is now acting as support.

Can price action fall further? Absolutely.

It is probable? no. Risk / reward ration is excellent.

Trade active:

Excellent weekly candle was printed at the close of last week. Price action closed higher with a long wick to the downside indicating strong buying pressure at this level.

Trade active

Comment:

Impressive Dragonfly DOJI was jusrt printed on the 2-day chart.

Trade active:

Looking very nice indeed - Price action appears to be creating a cup formation.

Comment:

330% so far...

Comment:

410% - no sell signal as of yet.

Comment:

1000% up in 123-days, fantastic.

Time to think about taking profits off the table. The overbought condition has illuminated (green column). That does not mean a sell signal, just overbought. It becomes a sell for me when Stochastic RSI crosses down 80.

Taking the original investment is a fantastic idea.

Comment:

Now 2000%!!

Trade closed manually:

Now fallen back to 1500% gain with a 10-day chart printing a Gravestone DOJI.

Could price action continue to move further up? Sure.
Is it probable? unlikely.

There are better options out there at the moment.

Trade active:

Bull flag break out.

Target 85 cents

Trade active:

Wave 5 to follow with RSI and MFI resistance breakouts.

Comment:

Swings trades should now be closed - a nice solid breakout today downtrend.

Expect resistance around 36 cents