Chromia (CHR) is on the verge of breaking out from it's descending wedge, a break and hold above 0.315 area will confirm breakout. NFA & DYOR - Please like & follow if you found this idea helpful - Thanks! 🤑
All the details are mentioned on the chart. Refer to it, please.
Chr formed strong support at 0.2911 we got 0 closed below it so that is basicaly wicks below that line and that means 0.2911 is very strong support. We didn't get strong bounce but atleast protected that level as crucial support level for futures. I bealive we will see 0.37 or atleast 0.45 in next 7days. Hope you guys enjoy with my analisis.
If break 0.322 area it will most likely fly to 0.452 area.
After correcting, looks like the consolidation end is near, moves are shorter and volume decreasing, which is an indicator that action coming... This symmetrical triangle could break up and down also, I think that BTC could decide... Set alarms and wait...
CHR in long term looks like moving in an imaginary uptrend channel and it is likely that Wave 4 is ended, any trade above 0.4847 will confirm it. as a typical target for wave 5 I could expect mid line of channel somewhere around 1.2 to 1.8$.
After that kind of run-up, everyone expects some correction right? Well, mostly it's not that simple... Volume decrease tells us that is this move is near the end... am waiting...
As you can see, we are having a correction before a good jump. If we lose this support, we'll have a bearish movement... Also, keep watching the RSI if it breaks its support or not.
According to the chart above, as you can see, given that the Saudi currency is trending and hitting higher ceilings, it is likely that this trend will continue to grow. We suggest that you enter Step 0.335 and 0.305 to buy, so that if the market goes down a bit, you can lower your average on a lower buy.
The RSI is breaking its resistance and the price resistance zone has been retested successfully. So, here we go... >_-
see and watch :) After breaking the blue trend line, we will probably see a price increase up to the specified range ...
As the chart illustrates, we have a special strong resistance in the price of 0.2825. If it breaks, it will reach 0.4846. Otherwise, we will not see a good result.
Signal: Blue -> Green CHR , Chromia, CHRUSD, CHRUSDT , CHRUSDTP, CRYPTO, CRYPTOCURRENCY DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
As you see, we have retested the price of 0.2480. The price is under the EMAs and I assume that we have a great fall over the 0.1955.
see and watch :) In the 1-hour timeframe, the price has created a strong bearish signal after hitting the red resistance range and will probably go down to the specified range ...
The price is retesting the EMAs and Fib 61.8. Also, the EMA20 is over EMA50 and the RSI is retesting the resistance.
We made good money by opening a short position on CHR/USDT. Now the chart looks like it is getting ready to wake up. Open long entry at $0.183 to $0.202 Use 3x to 5x leverage. Target: 5%, 10%, and 15%. You can leave few dollars just in case if the price goes beyond 15%. SL: $0.176 Do not forget to put SL. It is really very important.