Finally Tranchess (CHESS) Broke Out Key Resistance For Big PumpHi friends, hope you are well and welcome to the new update on Tranchess (CHESS) token
Triangle and key resistance:
On a daily time frame, since Oct 2021 the priceline of Chess was moving in a triangle. Finally, the priceline broke out the resistance of this triangle after more than 2 months. There was also a key resistance at $2.15 and Chess has also broken out this resistance as well. Now $2.15 can turn into strong support and there is a possibility that the priceline may re-test this resistance as support for the next move. Once this retest will be successful then a long-term bull run can be started. There will be upcoming resistance levels at $3.90 and $8.17. We can also set our sell targets according to these resistance levels as well.
Bullish Gartley move:
On a daily time frame, CHESS has also formed a bullish Gartley pattern.
In order to trade this Gartley pattern the targets can be as below:
Buy between: $2.676 to $1.744
Sell between: $3.984 to $5.367
Stop loss:
Stop loss can be set below the maximum extent of buying zone which is $1.744
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 207% and a high loss possibility is 35%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Chess
Tranchess (CHESS) broke out big triangle and a key resistanceHi, friends hope you are well and welcome to the new trade setup of Tranchess (CHESS) token.
Previously on 5th Dec, I shared below the idea of CHESS, which is still in play:
Now in reference to my below post:
As we were expecting, Chess has broken out a big descending triangle and a key resistance of $2.15.
Buy between: $2.15 to $2.80
1st target: $3.90
2nd target: $8.17
Stop loss: Now $2.15 resistance can work as strong support, therefore the stop loss can be set below this level.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Tranchess (CHESS) | A Parabolic Move ExpectedHi friends hope you are well and welcome to the new update on Tranchess (CHESS) token.
Big triangle:
From the last week of Oct 2021 Chess was moving in a descending triangle. Now it has broke out the resistance of the triangle, but there is still a price resistance of $2.15 and this level has previously been working as resistance as support. Therefore this time $2.15 can work as a key resistance for any big move.
Oscillators turning parabolic:
The RSI and Stochastic have started forming higher highs and higher lows and formed a parabolic move, therefore, soon the priceline can follow this move and start a parabolic rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Chessusd BuyHello traders!
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.
🆓Tranchess (CHESS) Dec-7 #CHESS $CHESS
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.8$ zone
🔴Buy : 2 - 1.8
🔴Sell : 2.6 - 3.2 - 4
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.8$ zone
🔵Sell : 1.8
🔵Buy : 1.4
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$CHESS Tranchess the possible big surprise of chessTranchess or $CHESS will be the next surprise in gobernance
Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC), which consists of 3 tranche tokens (QUEEN, BISHOP, and ROOK) and its governance token CHESS. The platform offers various features including a DEX (Tranchess Swap), money markets (Primary Market), staking, and network governance.
This analysis is just an idea. It's not an investment advice.
please if you liked my analysis give me a like and leave me your feedback!
Chess ForecastHi,
The triangle has been formed. Only one requirement of new candle has to start above the resistance, for clear bullish and breakout indicator.
Targets have been marked according to Feb Retracement.
expected ROI is very high
This idea is for educational purpose.
Pls share your thoughts in comments.
Wish you good luck
Full look at current bullish/bearish patterns/trendlines in playOn the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their corresponding patterns. We also have 2 huge horizontal trendlines: a strong one that's currently resistance that if we can close a weekly candle or 2 above and flip to solid support would make me much more confident that we are going to ht the green bullish falling wedges price target. we also have another lower strong horizontal trendline that lines up well with the bearish price projection bearflag breakdown target. If we were to heavily capitulate thats where I believe support would eventually hold and bounce back up from. we also have the weekly 20ma(in orange) which at least temporarily is suddenly support although we have yet to solidify that support and then we have the weekly 200ma which has been solidified a long time ago as solidified support and continues to maintain that support for now. It is still a battle between those two. Finally we can see below on the weekly stoch rsi it is threatening to complete a bearish cross but it may also bounce upward off the orange line. If not we have a diagonal trendline on the stochrsi that may also act as support enough to reverse any bearish cross that may occur. If capitulation were to occur however we would see it break below that stochrsi trendline as well as priceaction most likely the strong currently solidified support of the weekly 200ma. For Now this is the chessboard. with the weekly 20ma acting as the bears' king, and the weekly 200ma acting as the bulls' king. I have a feeling we will know which side will be declaring check mate by the end of the week.