CHRUSDT - Short signal by Dow 19 Dec, 20211. Entries identification H1 timeframe: Minor waves
- Pivot left: 10
- Pivot right: 2
2. Trend identification H4: H1 * 4: Main waves.
Pivot left: 40, Pivot right: 40
Lower Low and Lower High >>> Downtrend.
>>> 1 + 2 to opens a Position.
Stoploss/Profit: ATR(20) * 2 * 1.9
CHRUSDT trade ideas
CHRUsdt this metaverse Token and good pump before bullmarket and can back up again
and now good prize for buy and hodl
but this about ALL MARKET PATH
market and BTC move down yea this coin going down too but market start moving this token can big pump
can going to top of channel
GL
EntryPoint:
0.5624
0.5445
Supports:
0.4598
0.4011
0.3499
ResistancE:
0.7024
Targets:
0.8862
1.0743
1.2979
1.7041
2.4045
For mid time and HODL:
3.7375
4.6912
6.5305
GL
Binance: CHR Buy / long 1DBinance: CHR Buy / long 1D
Entry: 0.5-0.6
SL: 1D close below 0.48
TP1: 0.9-1
TP2: 1.4-1.5
Chromia is a blockchain platform that aims to solve the scalability problem for decentralized applications (dApps).
The platform consists of a network of nodes forming a blockchain, each node using its own relational database.
The Chroma token (CHR) is used as block rewards and to pay for transaction fees.
It raised 11.70MM USD in private and public token sales conducted from August 2018 to May 2019.
CHR #CHR
CHR is underestimated.
I wrote earlier to buy it at $ 0.3 with the goal of $ 2, we did not reach it….
Chr is its own blockchain, there is a game, top-end game projects come out on this blockchain.
And the project itself costs $ 300 billion ... Is this a joke?
The goal is $ 2….
And yet, on November 20, Binance added a pair of ETHCHR ...
CHR Next Big Moves????Kindly, LIKE COMMENT and FOLLOW me
Reasons: simple clean chart 📉📈
Chr trading within a falling wedge,
Solid monthly demand zone @0.4
any price actions within that zone will bounce off aggressively!
A break is imminent soon , a 4hr candle close Above @0.75, signify more upsides,
Chr looking good for me, @0.65
Tp Target @0.75 @0.96 @1.08 @1.4
Pls note: Not a financial advice
Pls do your own research!
CHR 4HCHR had a good run in November, broke through its 7-month resistance of 0.5389, and went on to an all-time high of 1.5 on November 20.
But even before the bloodbath witnessed last week where CHR dropped nearly 93%, it was already down about 69% from its ATH between November 20 and December 2. It has since recovered some 38%. So firstly, we need to wait the recovery of BTC again, may drag again.
Secondly, if CHR will break out of first so we will consider for the entry E1, E2.
Good luck !
CHR UpdateHere's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above 0.72$ with good amount of volume .
-------------------------------------------
The idea is: Buy when the price breaks above 0.72$ and take profits at the levels shown in the chart.
Targets:
1. 0.84$
2. 1.03$
3. 1.18$
4. 1.38$
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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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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
$CHR- On Correction JourneySo during the week, I was noticing that most Alts were actually holding their support so strong and not bleeding much. These are Alts I was expecting that they w'd be in a worse state but surprisingly, they were holding so i began to look at all their(of course investors holding plays a huge role to this) patterns and i found out this similarities and differences with them like btt ,most Tron based tokens and once that haven't retested their ATH, Tel and Chr...
For some that are yet to retest their ATH since March or April, they are still in corrective pattern (ABC or ABCDE) of Impulsive Wave 4 and have not conclude their wave 5 reason they are mostly holding support right on the top wave 1 peak. But Tokens like $CHR that have actually concluded theirs($CHR did ABC) and then rested ATH, concluded Wave 5,printed a new high has now began another big corrective wave journey (ABC)
So the reason i 'm sharing this details is because of some of you have been in boxing me asking a lot of questions only a seer or prophet can answer. Therefore i am trying my best to provide a general view of what is likely playing out from what i saw in their patterns of price movement(factoring in btc, FA, market sentiments/FUD).
You have to believe in the projects to be an investor. Don't buy just because someone told you to.
Some tokens due to the nature of the holders have some kinda of momentum that they will go through this corrections more faster than the others and keep going up...Some take their time prolly because of leverage or inside kinda tradings which makes it look like it ain't moving or P&D as some of you think... The bottom line is that, they will have their moment. You just have to be patient to reap profitably as an investor which could take weeks ,months or even year(s). Or you can position yourself on how to trade them if you ain't holding for a long time
Keep an eye on CHR - We could see a break to the upside soon!Here's a quick Look at CHR 6 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above 0.72$ with good amount of volume .
-------------------------------------------
The idea is: Buy when the price breaks above 0.72$ and take profits at the levels shown in the chart.
Targets:
1. 0.84$
2. 1.03$
3. 1.18$
4. 1.38$
-------------------------------------------
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."
-------------------------------------------
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!