Trade ideas
CHRUSDT UPDATECHR since the recent fall across the board is now testing strong daily demand in confluence with the uptrend support, also we can see a nice M formation on the daily TF this harmonic pattern likes to complete at the neckline giving us our first upside target, we will be waiting with students on the lower TF specifically 1h and 4H for the market to potentially satisfy our entry rules before we think about entering any leveraged long position on this token.
CHR - Nice entry timingBYBIT:CHRUSDT
1H trend chart
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CHR already met Vegas tunnel for entry.
Additionally, it got support at Fib 0.382 and uptrend line.
Therefore, we can buy it with trading strategy as below.
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Profit Targets:
a) 0.9708----Fib(1)
b)1.0395~1.0673--------Fib(1.272~1.382)
c) 1.0971----Fib(1.5)
Stop losses:
a) 0.8127-----Red horizontal ray
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CHRUSDTIf the candle go below the S&R Trendline , i think CHR will go down to approx. 0.8-0.68 Dollar
SP 1 : 0.8
SP 2 : 0.7-0.68
otherwise, if the candle hold above the S&R Trendline , i think CHR can go up to 1-1.4 Dollar
Target 1 : 1
Target 2 : 1.14
note : My price point maybe inaccurate
Trade safely
Chromia post-parabola (Return of the bulls)Chromia went on a correction phase after a 3.5x parabola last November and has found its bottom at around 0.5$.
The asset started a 3-week re-accumulation phase and finally broke out of the trading range.
The 0.382 fib level acted as a rational resistance on the way up and lead to the formation of a H&S pattern which consequently pulled the price down to have a successful retest of the former resistance at 0.68.
The current level can act as a new support zone and will potentially take the price up to the marked zones. A return to the green box will invalidate the idea.
CHRUSDT Daily TA : 01.01.22 : $CHRFrom the previous analysis, the price has not increased by more than 50% and is still reaching new targets.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01 . 01 .2022
⚠️(DYOR)
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CHR, the rebound has begun again.The following content is machine translation:
The CHR rebounded last week and it was considered good. The daily rebound broke through the resistance near 0.7, and then retreated to rebound near 0.7. This is generally a bull defense, and it is more certain for subsequent rises.
Counting from the waves, if you count three waves, you are currently in the third wave. It will definitely break the first wave high. The probability of a rise in technical form is very high. Stop loss 0.686






















