CHESSUSDT trade ideas
Chessusd BuyHello traders!
Chess coin is in consolidation since the start of this month and it is now ready for a breakout.
As we can see this consolidation is below the correction pattern which means sooner or later it's going to jump inside the same trendline. It means in any case we are going to see some bullish move in chase soon.
The expected target is 100% of the investment.
There is a point where we will see Chess will go crazy, it's the point where unused Resistance level and broken trendline collide and it will collide on 2nd Jan 2022. It's the point where the market opens new dimensions for the pair.
You should be careful of collision points because
If Chess hits a collision point while rising then we will see a big bullish move.
If Chess hits the collision point from above means it has already broken 4.26 resistance then it will come back to the collision point on 2nd jan and we will see a crash in the chess coin.
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[Update] PRE/USDT still continuing in its bullish momentum Daily
Hey people
CHESS / USDT is in a bullish push with a test of the uptrend line, as well as the horizontal resistance zone and the rebound on digonal resistance.
Which acts as a downtrend line is a very important validation at this point.
It is very likely that we breakout for a return of volume on the last previous zennith and this time make a new ATH.
Enter a big resistance to pass through how the price governed on its downtrend line in yellow.
The Target is the top of the range price especially thought to check how the broken levels remain essential.
This is not an investment but a recommendation for use
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🆓Tranchess (CHESS) Dec-7 #CHESS $CHESS
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.8$ zone
🔴Buy : 2 - 1.8
🔴Sell : 2.6 - 3.2 - 4
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.8$ zone
🔵Sell : 1.8
🔵Buy : 1.4
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$CHESS Tranchess the possible big surprise of chessTranchess or $CHESS will be the next surprise in gobernance
Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC), which consists of 3 tranche tokens (QUEEN, BISHOP, and ROOK) and its governance token CHESS. The platform offers various features including a DEX (Tranchess Swap), money markets (Primary Market), staking, and network governance.
This analysis is just an idea. It's not an investment advice.
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CHESS/USDTNot a financial advice
A bit risky trade, but we are currently in accumulation, expecting to observe some pump within the nearest future
However, market might face some correction soon, especially ALTS(check Bitcoin dominance and Greed Index)
On the other hand, if everything works as expect, we will have a growth up to the 3.3$ level
Anyway, I bought some of CHESS, also RSI on daily timeframe is oversold, but keep a tight stop loss and God bless