Chromia CHR price, good rise is still aheadToday we'll look at the situation on the chart of the CHRUSDT trading pair
We don't know why, but we can see that the crypto community's interest in Chromia CHR is growing. Please share in the comments why CHR might be interesting for investment ?
The chart shows that the potential for CHRUSD price to rise at least to the ATH is huge.
Short- and medium-term target for growth is $0.23
The long-term growth target is $0.28, and ideally $0.48-0.50
In our opinion, the ideal CHR buy zone for medium and long-term investments is around $0.15
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Chromiausdtperp
Chromia buy opportunity- Overal market structure is bullish with higher highs and lows
- Touched the trendline that dates from late september 2021
- Faked the green support zone
- Bullish candles: bearish body with long lower wick followed by bullish engulfing and three white soldiers. This made for a good move last time around (compare the blue arrows)
- MACD crossover about to take place
- Broke above the 50 EMA
Setting my SL just below the EMA. Taking the $0.93 level as a conservative target. Where the $1.42 level is a more aggressive target. Given the state of the market I would advice caution though when taking this trade.
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
#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!