Tranchess CHESS - 1-year trendline is breaking out!

  • CHESS is completely ready for a massive uptrend!
  • A 1-year trendline is breaking out on the LOG scale, which is always nice to see.
  • Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump.
  • If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here!
  • The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside.
  • Place your profit target at the start of wave (4).
  • I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
  • For more ideas, please hit "Like" and "Follow"!
Ascending TriangleBearish RectangleBullish RectangleCHESSBTCCHESSUSDCHESSUSDTDescending ChannelElliott WaveSupport and ResistanceTrend Line BreakVolumeZigzag

Related publications

Disclaimer