Chess coin is in consolidation since the start of this month and it is now ready for a breakout.
As we can see this consolidation is below the correction pattern which means sooner or later it's going to jump inside the same trendline. It means in any case we are going to see some bullish move in chase soon.
The expected target is 100% of the investment.
There is a point where we will see Chess will go crazy, it's the point where unused Resistance level and broken trendline collide and it will collide on 2nd Jan 2022. It's the point where the market opens new dimensions for the pair.
You should be careful of collision points because
If Chess hits a collision point while rising then we will see a big bullish move.
If Chess hits the collision point from above means it has already broken 4.26 resistance then it will come back to the collision point on 2nd jan and we will see a crash in the chess coin.
Don't forget to hit the like button and follow to stay connected.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.