CHRUSDT
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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CHROMIA expected monthly return of 100%, 300% best caseI have been waiting for such an opportunity for so long and in this idea, I clarify my logic behind this expectation. there are significant fundamental reasons behind the recent surge in volume , and volatility of CHR however this fundamental discussion is out of the scope of this idea. Please refer to chromia.com in order to get more information about Chromia.
CHR has a current market cap. of 700million USD which puts it in the low market cap category. Exchange volume indicates big room for growth as long-term holders refuse to sell during periods of below-average prices. since the end of October, a significant surge in interest in metaverse-related crypto assets led to a surge in volume and volatility which helped CHR break out of its long-term stationarity around $0.35. Now the most important question to be asked is whether Chromia which is a cross-sectional momentum winner over the past month will experience time-series momentum. in other words, as a matter of fact Chromia has outperformed most of its peers over the past month, the question is wether this monthly return of 200% will be repeated, a pattern reffered to as autocorrelation. well, quantitative data suggest this is very likely in the current case. However this relies heavily on the public's interest in metaverese and gaming related crypto assets also it is worth noting that crypto inevstors usually invest in higher cap less riskier projects like decentralnd and sandbox first pumping their prices then rotating into lower cap ones.
my conclusion is that Chromia has very high potential because of the infrasturcture that offers for gaming community and technicals also support this. please have a quick read about relational blockchain in order to appreciate the potential of Chromia as the future of blockchain.
Thanks a lot for your time and let me know your opinion in the comments.
Mostafa
COCOS / USDT 1H - Bull pennant, loading up strong move?COCOS / USDT 1H. Price has been consolidating, ultimately creating a bull pennant pattern. The bull pennant pattern will most likely continue the upside pattern. Also, note that the volume has been steaming off. We will see a significant increase in volume if a breakout should occur. COCOS has been performing like a beast. Will we eventually see a strong move upwards?
If the price breaks the upper line of the pennant - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 4$
TG2 - 4.7$
TG3 - 4.77$
TG4 - 5$
TG5 - 5.38$
TG6 - 5.75$
TG7 - 6.1$
TG8 - 6.5$
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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 COCOS:
"Cocos-BCX is a public blockchain platform aiming to create a complete run-time environment for games with multi-game system compatibility, providing game developers a user-friendly platform for blockchain game development. In addition, Cocos-BCX aspires to bring users complete control and transparency over in-game virtual assets.It is building a development environment with gaming experience and game economics in mind. Game developers can easily migrate conventional games to the blockchain without the need to learn blockchain programming languages."
Source: Binance
CHR/USDT 4HOUR UPDATEWelcome 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 bullish trend conform retest buy the dip and green zone
Entry:- buy green zone
Traget:- 25% to 30%
Stoploss:-100 moving average downside candle close
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...
GALA 1H Symmetrical TriangleHere is how I would trade GALA / USDT 1H.
If the price breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 0.71$
TG2 - 0.73
TG3 - 0.75$
TG4 - 0.78$
TG5 - 0.81$
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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 Gala Games:
"Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.
Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA – its own utility token. So far, Gala Games has released one playable game – Town Star and an NFT collectible series – VOX. It plans to release more games in the future, such as a fantasy RPG game, a sci-fi strategy game and a tower defense game."
Source: Coinmarketcap.com
update idea !!!we can update last analysis by this analyse.
support line extended and in this analysis use normal chart (non logarithmic).
2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short.
see macd and rsi resistance line !!!!!! can create a new bearish divergence.
%%%%%In the previous analysis you could get at least 7% in short.%%%%%%
wait for chart .
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!
MY VIEW ON CHR/USDTI believe CHR/USDT is ready for a moonshot. I believe we will soon see CHR break its previous resistance, rally up for a while before giving a fine retest that will lead to bigger bullish move. An entry after its retest would be more conservative.
Disclaimer: This is just my view. Its not a signal. So please, do your own analysis!
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."
-------------------------------------------
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/USDT 1 HOUR UPDATE Oct 27
Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
CHR/USDT broke out of the triangle and currently retesting it .
Entry: $1.2600 TO $1.2000
Targets: 305 TO 50%
Stop Loss: $1.186
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
CHR / USDT in a falling wedge pt2. !CHR / USDT - a personal favourite - here seen in a falling wedge formation.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.31$
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!
------------------
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
CHRUSDT TF 1H Buy IdeaThis is my prediction of CHRUSDT in timeframe 1
You can grab with small money for LONG position
Entry Long : 1.05 ~ 1.1
Take Profit : 1.2 ~ 1.3 ~ 1.5
SL : You can see on my plan or under the wick of pinbar candlestick
Note : Use MM all of your open trade. Because no one now can predict the market
The best for you all
" DrafterCrypto"
CHRUSDT , We are going to support zone and jumpHello guys
This is one the coin analysis that some one send us message to analysis
According to the chart we shown , We had a resistance zone and we need to break that zone and the price exactly done this and now we are in pullback and we expect that the price can support when impact to the trendline support then it can go up until the target shown on chart guys
Guys please at first take signal then entrance in any position
( signal : hammer or ascending cover or pattern price or ... )
Dont forget use stop loss and attention to money management
Good Luck
Abtin
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
Hold THIS so YOU can get 10x!!This technical analysis contains;
- standard S/R lines
- previous support line
- all time high (unlabelled, but visible)
- two triangles
- two perfect breakouts
- my entry point
What's important when it comes to forming triangles though, is that you take notice of the point at which the 2 sides begin, not just where they end/come together.
The triangle points touch both the support and resistance levels, which is a clear indicator that the Chromia (CHR) market should hold a consistent movement of momentum. There have been 2 massive breakouts thus far, and there's zero indication yet that CHR has any plans of slowing down. It's a coin that isn't over-publicised on Twitter, you'll barely see any talk about it, which is fantastic because it's not a meme coin whatsoever, it's one with arguably the best launched roadmap of 2021 and im holding until $10+.
From the better part of 3 weeks since my entry point, I have discovered that:
Whilst BTC consolidates / CHR moves in a parabolic manner
Whilst BTC is bearish / CHR seems to consolidate
Whilst BTC is bullish / CHR is also bullish
Chromia - CHR (Liquidity Pools: A short Explainer)Liquidity Pools : A short Explainer
A liquidity pool is an area where retail traders have pending buy/sell odrers
MM always need to pair their buys with someone sells , and vice versa - they 'engineer' liquidity
More simply
If they want to go long, they create conditions whereby retail traders think price is going lower
If they want to go short, they create conditions whereby retail traders think price is going higher
Same in BTC
Best regards EXCAVO
CHR Updated Chart - Previous setup met TP1!Here's a quick look at CHR 2 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 1.38$
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."
-------------------------------------------
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!