Today we'll look at the situation on the chart of the CHRUSDT trading pair
We don't know why, but we can see that the crypto community's interest in Chromia CHR is growing. Please share in the comments why CHR might be interesting for investment ?
The chart shows that the potential for CHRUSD price to rise at least to the ATH is huge.
Short- and medium-term...
CHR with increased volume
Market Cap: 96M
Category: DeFi / Metaverse / Web3
Target 1: 0.156929
Target 2: 0.173566
Target 3: 0.189973
Stop Loss: 0.118108
Manage Risk - have a stop loss in place
price movement prediction
not financial advice
this is for entertainment purposes only
We've identified a Resistance Breakout on the $CHR/$BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
I think it has formed a symmetrical which is now in the g wave. This wave has become a diametric diamond, and now we seem to be in wave e of this diametric. The rest of the route is like this. Inside the red box, we are looking for sell/short trades
Based on technical factors there is a Buy position in :
🔵 Buy Now 0.1122
🧯 Stop loss 0.0985
🏹 Target 1 0.1290
🏹 Target 2 0.1490
🏹 Target 3 0.1685
💸RISK : 1%
We hope it is profitable for you ❤️
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I've already shared the reason I am opening this long in my last BTC update.
(The link is at the bottom of this update)
Recent trades posted:-
Entry:- $0.1134 TO $0.1072
(4.79% is the accumulation range from CMP so plan your entry accordingly)
Stop Loss:- $0.1007
Recommended Leverage:- 3x- 5x
Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start...
CHR is rejected from the resistance area of $0.227-$0.234. The local support is $0.196-$0.199 area and we will see a test of this zone. The major support is $0.15-$0.16 area. A break above the resistance is bullish and we see a move towards the $0.288-$0.296 area.