A 35% candle to the upside. How can I not risk a bit to short this. Entered at 0.4678 with a tiny position because in crypto its tough to find a top. But now I feel that momentum is slowing down and we can come down to the 4H support to make a strong base. Lets see.
CHR is in the beginning of an uptrend on HT as price is creating HH and HL. Ichimoku cloud turned bullish again. On 30M TF we bounced off of the 50 EMA and the Ichimoku cloud, MACD is about the make bullish cross and the RSI is above 50% line. This was enough for me to enter Long position targeting the previous swing high.
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.
Following in 4h
There is a cup & handle formation.
ıt already hit the handle target and now getting confirmed to start long again.
Now Cup target is 0.49
But first we have a resistance in 0.45
Actually I am following 0.28 for stop but 0.19 is the technical stop.
CHR is at the resistance and from this point, it can either go up to test the stronger resistance or it may fall down.
Entry at CMP and keep adding $0.3730 to $0.4821
10%, 15%, 20%, & 30%
Remember, we are gonna accumulate this for a long so do not use more than 5x leverage.