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CHROMIA / TETHER

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CHRUSDT trade ideas

CHR/USDT falling wedge bullish horizon? 👀🚀CHR analysis 💎Paradisers, observe as #CHRUSDT recently broke out from a falling wedge, indicating a strong potential for a bullish move, with the 100-day moving average currently posing as resistance. 💎 Following the breakout from the falling wedge, the price is now in a demand zone. If it maintains momentum here, there's a high probability it could break through the significant resistance above. 💎 However, given the market's volatility, if NASDAQ:CHR fails to keep up its momentum and drops below the demand level at $0.3018, this could suggest a weakening of the bullish position, potentially leading to a significant decline. In such a scenario, we might see a bullish rebound from a lower, strong support level $0.2503, but breaking below this could result in substantial downward movement. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
CHRUSDT, Breakout of the channel is happening soonWelcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are willing to discuss #CHR. #CHRUSDT 🔥🚀. Update: 💹. On a daily basis, the #CHR is forming a descending channel over a 8 hour time period✅. Currently testing the major resistance area.✅. Waiting for a breakout and retest 🚀 If it breaks and closes above this zone, we expect a nearly 35% increase in the medium term. 👉✅
Long
by CryptoAnalystHub
CHRUSDT.1DThe 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 previous high of $0.5029. The RSI is slightly bearish at 41.81, and the MACD is below the signal line, both indicating that there might be more bearish momentum in the short term. Traders might look for buying opportunities near the lower boundary of the ascending channel with a stop loss below S1, aiming for R1 as a short-term target. If the price breaks below the channel, it could signal a potential reversal of the bullish trend. It would be wise to wait for a clear signal such as a breakout or a bounce from key levels with confirming volume before making a trade decision.
by MarsSignals