The daily chart for Chromia (CHR/USDT) shows that the asset has been trading within an ascending channel, indicating a bullish trend. However, the recent price action has dipped towards the lower boundary of the channel, currently at $0.3283, which could be a crucial support level (S1) at $0.2409.
The resistance level (R1) has been established at around the...
Chromia appears to be undergoing Wave 2 of Wave C, with an anticipated further decline before the ascent of Wave 3 of Wave C begins. It's feasible that this additional low might not occur, and instead, the price could rally during Wave 3 of C. Traders are advised to gradually buy at support levels and sell at resistance. The projected price range for Wave C lies...
CHRUSDT is currently demonstrating strength as it holds the ascending trendline, indicating underlying bullish momentum. Additionally, there are signs of a potential rounding bottom formation, with the neckline serving as a crucial external supply level.
Our plan involves accumulating the coin within the immediate demand zone and patiently waiting for it to test...
CHR looks ready for a new bullish wave. bullish divergence on 6H/12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher.
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Retest yellow box to enter and wait for the setup to complete next weeks.
Increase in...
I have 2 scenarios: after penetrating the specified trend, the medium-strength cluster will complete its targets to 0.493, and after penetrating to 0.52, our final target is 0.573, or correction to 0.41 - 0.43, and then complete the targets, and I will update first and foremost. Do not forget to follow up
There is a large support area for the currency, ranging between 0.375 - 0.35. It is considered a large support area, and there is another area at 0.284 - 0.27. We will update its targets. Do not forget to follow.
#CHR
The price is moving in a triangle on the 12-hour frame and we have a support area in green at the 0.350 level
We have a higher stability moving average of 100
We have a good bounce being prepared from the lower border of the triangle once the downtrend breaks to the upside
The RSI indicator has a downtrend that is about to break higher
Entry price is...
in case we saw a deep correction for CHZ
those are the 2 areas I'll look for a buy setup.
1st area 0.35-0.37
2nd 0.25-0.27area reaching them ain't granted but if the price managed to reach them it will be a good opportunity , so take it
and follow me 😉
next step is supporting and boosting this idea
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About CHR
(Update)
The Falling Wedge Breakout Done In WEEKLY Chart
Moving Exactly As We Expected✅
Finally Completed Our Target & We Earned Around 150% Profit In This Move & Now Running In Good Profit✍️
💎 CHR has recently encountered notable market dynamics, with the current price bouncing within a support area and forming a bullish pennant pattern.
💎 This pattern typically suggests a continuation of the bullish trend. If CHR successfully breaks out of the pattern, it may experience significant upward movement, potentially reaching our target area.
💎 However,...
In the current situation, you can look for a buy/long position only in the demand range, and only the buy/long position in this range is low risk.
There is a liquidity pool at the bottom expected to be swept away soon
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please...
Chromia is been forming falling wedge! the silence b4 the storm! for now its brokenupside ! we get volume we might see massive rally on CHR! HOLD UR HORSES TIGHT!
