$Chromia big breakout coming...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.
$Chromia big breakout is coming!
Chromiausdt
CHRUSDT , short opportunityIt's been a really good rally for CHR, but now CHR is facing the next resistance.
I think it will pullback soon to fib 0.5 - 0.618 .
If you look at the RSI , it showing a sign that this coin is overbought too.
So, its a good sign to short , just dont go all in.
*not financial advice
CHRUSDT { CHROMIA } - BULLISH SETUPANALYSIS 🔎
- CHRUSDT hit an all-time high and retraced.
- Price is retesting the flip horizontal support.
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing an ascending triangle pattern at the breakout region.
- This is a bullish build up pattern.
BUY ENTRY ⬆️
- Breakout above the ascending triangle resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the flip horizontal support.
CHR - 1D - Elliott Wave perspective After completed ABC retracement, CHR would run the last V wave, target minimum: $1.3
The best buying zone will be ranged from 0.35 till 0.28
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Chromia CHR $0.65 soon !Chromia long overdue correction and consolidation !
Finally we can see some price action and the journey to $0.65 begins !
Buckle up we moon soon !
First stop for chromia is gonna be $0.65 , consolidate a bit then shoot all the way up beyond $1 !
May the Gains be with us all !
CHROMIA +50% BreakoutChromia has by my simple TA broke out of a triangle pattern on 3hr tf, and is currently confirming it by turning the previous broken resistance support.
Buy zone 0.36-0.38
SL: your own risk managed choice
TP1:0.74 / TP2:0.84 / TP3:0.96
If the market plays out right, we should see a 0.74-0.96$ Chromia really soon.
Not financial advice.
DYOR
Cheers!
#CHROMIA @ Support - SWING LONG #CHROMA #Chromia 4 Hour Analysis
Leverage - 10 x
Entry Price - $0.3579
Stop Loss / Loss - $0.3400
Exit Price - $0.4092 (Target 1) $0.4433 (Target 2)
Risk to reward - 5 to 1
Candle Sticks - Morning Star, Tweezer Bottom, Reversal Pin
Chroma has found support and the bulls are looking to swing up.
Best of luck, let me know your thoughts in the comments!