CHRUSDT.P trade ideas
CHRUSDT - EW analysis - 5th wave of impulse CHRUSDT - It is in 3rd of 5th wave and expecting it to gain the momentum soon. The invalidation level is 0.30662 and the target zone would be 0.82 or even higher.
Give a thumbs up if you really like the Elliott wave analysis.
CHRUSDT Binance Read descriptionOpen 2 positions in hedge mode.
What is hedge mode?
It is trying to catch a trend. Without losses, the only thing that kills us here is the commission.
This is done when we are at an indecisive point.
Exchange CHRUSDT 1d Binance
Price: 0.34| 0.34| 0.36
Vol: 80,996,538|99,440,839|106,329,143
ATR: 0.0579
✅OBV: 6.6 B| 6.7 B| 6.8 B
⚪️RSI: 49.02| 49.51| 53.21
⚪️MFI: 41.38| 38.73| 50.63
⚪️CCI: -103.21| -33.00| -24.93
❌WR%: -56.87| -73.56| -30.46
✅ADX: 29.58| 31.08| 31.97
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
❌MACD: Bearish
❌PSAR: Bearish
Support And Resistance
S: $0.310
R: $0.336
R: $0.359
R: $0.381
R: $0.398
R: $0.413
R: $0.447
CHR/USDT Long positionCHR/USDT Long position, seller exhaustion. We're in a bull market so eventually this one will go for ATH's. hidden divergence RSI and normal divergence MACD.
My opinion about CHR-USDT in a daily time frameImportant support 0.277
important resistances 0.395
targets 0.45 - 0.515
Long-term targets 0.58 - 0.67
CHR long big opportynity 2X almostBuy CHR at 0.327 its bolinger bands lower level plus fibonacci level coming exactly together it made previous high of 0.7 so this is real chance double your bag.
SL 0.25 TP 0.69
CHR can try to brake resistanceCHR in triangle. Can test it soon. Daily cumulative delta in plus, but when i'm checking h1 delta i see some problems. There is interest from 0.35$ 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.
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
CHRUSDT broke trendline ,wait for retest or support and pump 🚀different corrections ahead before start of rise is all explained and obvious on chart
we are looking for best possible entry here two scenarios explained and they are :
Green path :as you can see we expect that support receive on 0.618% of Fibooancci pump market to our target that all shown.
Red Arrow-Green Arrow :we may have more correction to previous strong support zone and after retesting that support and trendline together start of rise .
Targets:
A. 0.3888
B. 0.4188
C. 0.4558
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
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