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Chintai / Tether SPOT

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CHEXUSDT trade ideas

Chintai: Basic Chart PatternsThe first pattern (green) is an ascending channel which envelops an uptrend, rising prices. Higher highs and higher lows. Also, a perfect 1,2,3,4,5 sequence, a bullish impulse. In-between the rising channel there is a period of consolidation, producing a bull flag (blue). The bull flag is a bullish continuation pattern, so prices continue rising. The end of this uptrend starts an ABC correction (red) and within this correction we have also a double-top (red). Notice that the double-top doesn't necessarily have to be at the same resistance level but only close to be valid. Wave A starts 17-December 2024 and ends 13-Jan. 2025. Wave B starts where wave A ends, and ends 4-Feb. 2025. Wave C starts 4-Feb. and ends either on the "left shoulder" of the next pattern or the "head." 10-March or 7-April. We take 7-April to be the end of wave C and the classic ABC correction. Even before the correction ends, early reversal signals start the next pattern which ended up as an inverted head and shoulders (orange). The neckline of the iH&S has already been broken giving us a strong bullish signal. This breakout is support by rising volume. These are some of the most common patterns and can be used to read charts. These patterns can be used in combination with other signals. Moving averages, oscillators, the volume indicator and candlestick reading. When coupled with the market cycle you can end up with a pretty accurate analysis. Namaste.
Long
by MasterAnanda
CHEX moves to $3Chintai claims to be a key player in the real asset tokenization (RWA) sector due to its strategic advantages: being licensed in Singapore (one of the strictest jurisdictions in regulating blockchain projects), partnering with global corporations and engaging a market maker to provide liquidity. These factors form a stable foundation for the growth of the ecosystem, with the CHEX token acting as its key element. I expect a significant uptick over the next two months and a distribution phase in the summer. I will further short this asset from September. Alex Kostenich, Horban Brothers.
Long
by horbanbrothers