CHRUSDT
#CHR, #Chromia after the Wedge?A quick look at #Chromia (#CHRUSDT, #Binance, 4HR):
Price timidly broke the upper resistance of the wedge pattern on April 8, but it has also been trading within a range since March 16.
CHR needs to break R1 before aiming to TP1.
If rejected at R1, price should go back to the EMA200 or S1 and, if that does not hold, to S2.
If you want to read more about Chromia on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
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Thank you and Happy trading!
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Needless to say, this is not financial advice!
CHR can try to brake resistanceCHR in triangle. Can test it soon. Daily cumulative delta in plus, but when i'm checking h1 delta i see some problems. There is interest from 0.35$ to 0.37$, but trend is bad. There is no events on calendar up to jul 2021. I think CHR will try to brake resistance, but then go down. So i got some tokens, but will sell it on resistance brake attempt.
GRT and CHR a good combo for coming weeks - Altseason 2021#GRT #CHR
If you find a chart to compare in #Fractal way with UNFI, you have a lot of chances to get that same parabola.
You need 2 conditons : its a new comer in the market AND it didnt get more than 1 SOS.
If you look at phases of parabola, there are SOS (signal of strenght) showing a pump is coming to overcome the last peak.
The first SOS (where CHR is now) is the stongest. Each SOS pump after is weaker in terms of gains %. GRT is at 2nd SOS now.
We got to ride UNFI from 5$ to 20$ and it was quick. Same is coming for GRT and CHR is like UNFI from 3.75$ to 15.50$.
CHR is tighting the range, Breakout comingCHR is now forming a symmetric triangle and is fighting the range. A breakout will start a new rally in CHR. We have seen how CHR pump when news release. CHR team is working hard on the developments and partnerships and CHR has a lot of positive news coming in the next few weeks.
Buy Zone: $0.33 - $0.335
Target: $0.37 - $0.395 - $0.424 - $0.464 - $0.497 - $0.544 - $0.598 - $0.643 - $0.694 - $0.755 - $0.834
CHROMIA +50% BreakoutChromia has by my simple TA broke out of a triangle pattern on 3hr tf, and is currently confirming it by turning the previous broken resistance support.
Buy zone 0.36-0.38
SL: your own risk managed choice
TP1:0.74 / TP2:0.84 / TP3:0.96
If the market plays out right, we should see a 0.74-0.96$ Chromia really soon.
Not financial advice.
DYOR
Cheers!