🆓Chromia (CHR) Apr-11 #CHR $CHR
CHR is correcting to $0.4 zone and this is the support zone where we can start accumulating CHR for the upcoming recovery of CHR. It may take a long time for CHR to break through the $0.6 zone, but the $0.48 and $0.58 zones are still possible for the next recovery.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.4$ zone
🔴Buy : 0.4
🔴Sell : 0.48 - 0.58
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.4$ zone
🔵Sell : 0.4
🔵Buy : 0.36 - 0.32
❓Details
📈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
CHRUSDT trade ideas
CHR Low Time frame resistance CHR on the 4H TF is close to the resistance of $0.68, the past couple of hours we have seen a few failed test to break the resistance . In case we test the resistance again and get rejected I would be expecting for CHR to find support around $0.58 .
In case after the rejection there is a trend reversal we could see the coin falling back to $0.47 .
On the other hand in case we break through the resistance the next level I would be looking out is $0.77, $0.88 and $0.95 - $1
Don't overlook Chromia! Here's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 1.5$
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Quick Look at CHRHere's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 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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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 Technical analysis CRYPTOCurrent technical analysis for CHR/USDT do not recommend buying if it does not reach the buy zones due to high potential risk, and when bought at the buy zones always keep a stop loss to your liking! If you have any questions or cryptos or stocks you would like for my to analyze feel free to drop a comment and if you have any criticism towards my chart or anything you would like to add to it let me know would be greatly appreciated!
White line = buy zone and previous strong support
Red line = current support
Orange line = current resistance
Yellow line = future resistance
Cyan line = future resistance
Green line = top resistance
White line = what i think will most likely occur
Yellow line = has strong possibility of occurring but less likely
Not financial advice invest at your own risk and only put in money you are ready to loose and please DO YOUR OWN RESEARCH!!!
BINANCE:CHRUSDT
CHRUSDT PROJECTION IN ELLIOT WAVE WITH SUPPORT RESISTANCEThat Projection show about CHRUSDT in the next future, before you looking the chart i want to say its "Disclaimer ON".
I Just Drawing with Eliot Wave Strategy mixed with Support Resistance to create the next scenario on one of altcoin CHR.
If you have any suggestion/comment on this chart dont to hesitate to comment on below. if you agree with my projection i just want say thanks you :)
Thanks,
KA
CHR/USDT TRYING TO BREAKS OUT! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this CHR/USDT TRADE setup. CHR looks promising here.
CHR is trying to break out from the descending channel in the daily time frame. If the daily candle closes above $0.55 then buy it or you can buy it now with the SL.
Entry range:- $0.53-$0.58
Target:- 100-120%
SL:- $0.498
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Also, share your views in the comment section.
Thank You!
CHR USDT RESISTASNCE & SUPPORT>>>>>>>>>>>>>>>>>>>>Hello EveryOne
CHR Is one of my favorite Crypto Currencies. We seen good volume Injection
I Have Tried My Best to Bring the best Possible outcome in this Chart.
pullback in marked area on the chart is normal for short term TP"s.
Set SL for unstable market at this day's
TP marked in the chart(Short _Term TP's)
PLZ RDOR
Hopping For Success>>>>>>>>>>>>>>>>>>>>>>>>>>>