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"
Well done my friend!!! Thanks a lot... Any update after reach the "target" ?
Shwayze
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@LucasBones, New consolidation period begins. I suspect we will see a similar, yet shorter pattern play out, followed by a return to norm. I cannot see yet, we need a few more candlesticks of consolidation.
The price of BTC may effect prices, did not see the current uptrend coming, thought we would see the continual downward trend into the mid 20s. However, here we are. Will update asap.
LucasBones
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@Shwayze, yes I see it... it went up too fast with kind of no correction...
thanks a lot from your prompt response!
nybevissthet
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@Shwayze,
Don't you think that is all about the new yield opportunity?
There is now 103'210'000 CHSB staked, 242'675'694 in Smart Yield, and just 355'336'994 in Circulating supply.
That makes it stable does it not...
Shwayze
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@nybevissthet, I will not pretend to understand something better than you do. Explain the new yield opportunity that you are talking about, as it pertains to the price.. So not many are staking it, but because of Smart Yields, many are taken off circulating supply?
You are probably on to something, do you know where I could find more information on this?
max69
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@Shwayze, what a move. Yes, previously there was not so much reason to buy any more than the tokens required for premium. Yield will be offered on bitcoin and eth soon. Great one for this bull run! GL