Keep an eye on CHR - We will see a bigger move soon!Here's a quick Look at CHR 4 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break either way soon! BTC just needs to get stable. Keep an eye on this falling wedge!
The best entry would be, when the price breaks above 1.12$ with good amount of volume .
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The idea is: Buy when the price breaks above 1.12$ and take profits at the levels shown in the chart.
Targets:
1. 1.18$
2. 1.3$
3. 1.5
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR
CHR / USDT in a falling wedge pt3. 🔥Had to come back and make another chart on CHR / USDT (Chromia). I've been scoring decent gains on the ranging motion of this one, but overall I have expectations that this will perform well on the longer-term (as well as Chromia's daugther MyNeighborAlice). Here seen in a Falling Wedge/Symmetrical Triangle pattern.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.31$
TG2 - 1.34$
TG3 - 1.37$
TG4 - 1.415$
TG5 - 1.44$
TG6 - 1.48$
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Chromia:
"Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token ( CHR ) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients."
Source: Coinmarketcap
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CHR Loading up for a bigger move - Keep an eye on this! Here's a quick look at CHR 2 hr chart. As we can see, the price has printed a symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above 1.35$ with good amount of volume .
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The idea is: Buy when the price breaks above 1.35$ and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.38$
2. 1.43$
3. 1.5$
4. 1.7$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR Loading up for a bigger move! Here's a quick look at CHR 30 min chart. As we can see, the price has printed a bigger bull flag and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above 1.3$ with good amount of volume .
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The idea is: Buy when the price breaks above 1.3$ and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.3$
2. 1.43$
3. 1.5$
4- 1.7$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR / USDT in a falling wedge pt2. !CHR / USDT - a personal favourite - here seen in a falling wedge formation.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.31$
TG2 - 1.35$
TG3 - 1.4$
TG4 - 1.43$
TG5 - 1.5$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Chromia:
"Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token (CHR) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients."
Source: Coinmarketcap
$CHR 4h I am NOT buying, unless it breaks the rectangle from the top.
The arrow shows the possible path.
CHR Broke out To A New ATH $1.5, But is This A Bull Trap?ChR has been on some good fly move despite the current Bitcoin price moves. CHR made a doo recovery and archived a clear New All-Time High(ATH) today. Now, this should definitely be good news right but what if they comes to a sudden sharp retest that could return the buyers to the nearest strong support at $1.1? Watch this brief analysis on CHR with Bitcoin Gorilla. Don't forget to give it a thumbs up if you found it helpful
Chromia - CHR (Liquidity Pools: A short Explainer)Liquidity Pools : A short Explainer
A liquidity pool is an area where retail traders have pending buy/sell odrers
MM always need to pair their buys with someone sells , and vice versa - they 'engineer' liquidity
More simply
If they want to go long, they create conditions whereby retail traders think price is going lower
If they want to go short, they create conditions whereby retail traders think price is going higher
Same in BTC
Best regards EXCAVO
CHR Updated Chart - Previous setup met TP1!Here's a quick look at CHR 2 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.38$
2. 1.42$
3. 1.7$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR/USDT 4 HOUR UPDATE Welcome to this quick
CHR/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- CHR/USDT is treading on a strong support
Entry:- CMP
Traget:- 50% to 60%
Stoploss:- $ 0.960
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
CHR Loading up for a big move!Here's a quick look at CHR 2 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume.
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.33$
2. 1.42$
3. 1.7$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHR is loading up for another big push to the upside! Here's a quick look at CHR 1 hr chart. As we can see, the price has printed a symmetrical triangle. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume , or you can buy when the price breaks above 1.44$.
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The idea is: Buy the breakout from the symmetrical triangle (or 1.44$) and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.44$
2. 1.7$
3. 2$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CHRUSDT - Symmetric triangle!CHRUSDT (4h Chart) Technical analysis
CHRUSDT (4h Chart) Currently trading at $1.24
Buy level :Above $1.26 (Buy after Breakout)
Stop loss: Below $1.07
TP1: $1.34
TP2: $1.44
TP3: $1.60
TP4: $1.80
Max Leverage 3x
Always keep Stop loss
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CHR / USDT in a falling wedge!CHR (Chromia), the parent of NFT game MyneighborAlice, has been recognized as one of the best startups in Sweden. It has pumped after great news recently.
As it is right now, CHR / USDT 1H is in a falling wedge.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.30$
TG2 - 1.36$
TG3 - 1.43$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!