#CHR/BTC TA Update :-
#CHR/BTC now looks supper bullish as per my chart.
So I am buying here.
Very Long term resistance finally Breakout .
Entry:- CMP Looks good.
Targets :- 155/226/282 Satoshi
Stop loss:- Will update if need.
Also very bottom so Don’t miss this Cheap price coin.
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The Chromia team is continuously working on the developments and adoption of the CHR coin. CHR is now resting at the major support line and we see a good breakout from here. CHR will give good profits in the long term.
Buy Range: 135-140
Stop Loss: 119
Chromia (CHR) is a new coin and have a very good team. The team is working on the project and releasing development and partnerships every month. The coin always remains in the light. This is a good buy zone for CHR.
Buy Zone: 135-147 sats
Target: 165-181-196-225-245-270 sats
Stop Loss: 115 sats
After Chromia was in a long downtrend we can see now some nice volume and pattern printing out.
At the moment the price is not perfect to enter the trade but the green rectangle zone you can allocate some % of your capital to enter this trade.
💎Technical Analysis Summary💎
-CHR is following a Bearish rising wedge pattern
-The price touches the key level of resistance
-We saw a strong rejection sending the price back inside the channel
-Though the pattern still valid for an uptrend
-For me personally, I won't trade Long on rising wedge patterns
-Especially if the price already hits a...
CHR is heading to 350sts and it will hit this level at late October. And it will have a big chance to breakout and move up to 400sts or even 500sts in November.
But we should be careful because the 280sts level is very important.
Private Idea :
-CHR found support at previous resistance area around 400 sat
-The price bounces up to 584 sat which is a 67% increase from low to high
-But yesterday got rejected by the trendline resistance
-I expect it to pullback and potentially retest the previous support
-And try to form a double bottom reversal
-I recommend buying the break of trendline...