Swissborg has been doing pretty well this year, when it spikes it is quick. We are now seeing some consolidation and it is flattening out, just as it did right before spiking last time.
The triangle pattern is an ascending triangle, the highs are getting stuffed consistently at the same level, and the lows are getting higher and higher. This type of pattern has a relatively high percentage of breaking out Bullish.
Once this is confirmed, enter a trade. My target for this specific pattern will be $0.60.
BULLISH on this Long term.
A couple things to note about this project:
This is a Decentralized Wealth Management Co.
and follows these 5 utilities, which should see good results.
"The CHSB token is at the heart of its ecosystem, and offers the 5 following utilities:
A) The Protect & Burn Mechanism: 20% of the revenues made on fees in the Wealth App are dedicated to protecting the price of our token. When the price arrives in a bearish zone, we automatically place buy orders. All purchased CHSBs are then burned in a transparent manner.
B) Staking: Lock CHSB within the Wealth App allows users to exchange at the best price with zero fees.
C) Exclusive Access: Get access to future exclusive wealth management products in the app
D) Voting Rights: Participate in shaping the future of SwissBorg during our referendums
E) Community Rewards: Earn rewards through the SwissBorg DAO"
The triangle pattern is an ascending triangle, the highs are getting stuffed consistently at the same level, and the lows are getting higher and higher. This type of pattern has a relatively high percentage of breaking out Bullish.
Once this is confirmed, enter a trade. My target for this specific pattern will be $0.60.
BULLISH on this Long term.
A couple things to note about this project:
This is a Decentralized Wealth Management Co.
and follows these 5 utilities, which should see good results.
"The CHSB token is at the heart of its ecosystem, and offers the 5 following utilities:
A) The Protect & Burn Mechanism: 20% of the revenues made on fees in the Wealth App are dedicated to protecting the price of our token. When the price arrives in a bearish zone, we automatically place buy orders. All purchased CHSBs are then burned in a transparent manner.
B) Staking: Lock CHSB within the Wealth App allows users to exchange at the best price with zero fees.
C) Exclusive Access: Get access to future exclusive wealth management products in the app
D) Voting Rights: Participate in shaping the future of SwissBorg during our referendums
E) Community Rewards: Earn rewards through the SwissBorg DAO"
Trade active:
Trendline was broken earlier, trading activated