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CHRUSDT trade ideas

CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance. CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets Support levels: 0.0956, 0.0826 Resistance levels: 0.1092 As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth Regards R. Linda!
Long
by RLinda
15
CHR/USDT Break the Major Descending Channel, Bullish Momentum ??Yello Paradisers, take note! #Chromia 💎 CHR has Break out its major descending channel pattern, signaling bullish momentum on the hourly timeframe and setting the stage for further upward movement. 💎 Before this pivotal moment, CHR had lost its key support area and dipped lower. However, it managed to consolidate at lower levels, successfully reclaiming the key support and breaking the pattern with significant volume. This marks a remarkable recovery for CHR. 💎 While CHR still exhibits a bearish trend—evidenced by its chart showing lower highs and lower lows—the successful breakout and reclaiming of key support suggest that CHR could potentially break past its previous lower high to establish a new higher high. 💎 Caution: This bullish outlook could be invalidated if CHR closes below the designated Bullish Invalidation level on the daily chart. Keep your eyes on the charts and stay tuned for more updates! 🌴
by MyCryptoParadise_Nathan
2
CHRUSDTThis is a 4H frame analysis for CHRUSDT Analysis of the crypto market shows that prices are in an uptrend channel and may start to move towards the second resistance line after breaking the first resistance line. However, be aware that it is close to an area where it has failed to move up after several collisions and has had price drops in advance. Suggestion: Those who have purchased this coin from lower numbers can sell in the first area if they do not want to take more risk, but it is expected that the price may move towards the second resistance line after breaking the first resistance line.
Long
by MarsSignals
long chr## Risk & Management - 1% capital per trade. - Move SL to breakeven at 1:1R ## Points of Interest - Order blocks - Major liquidity grab ## Framework - On the 4H timeframe, gauge overall bias & locate major points of interest. - When price enters a point of interest, drop down to the 15M or 5M timeframe. - Wait patiently for price to purge liquidity within the point of interest. - Wait for price to impulsively break structure & create imbalance. - Enter at the order block responsible for the break of structure. ## Entries - The OB caused a BOS. - The OB is the extreme zone. - The OB created clear imbalance. - Liquidity has been clearly Identified.
Long
by qtranhtc
#CHRUSDT (Watchlist) 8-2023Chromia is a relational blockchain platform that is designed to make it easy for developers to build decentralized applications (DApps). It is based on a unique hybrid architecture that combines the scalability and security of a public blockchain with the flexibility and efficiency of a private blockchain. This makes Chromia ideal for a wide range of use cases, including enterprise applications, gaming, and the Internet of Things. The CHR token is the native currency of the Chromia platform. It is used to pay for transactions, stake for rewards, and access DApps. CHR is also used to govern the platform, as CHR holders have the ability to vote on proposals that affect the future of Chromia. Sector: Enterprise Project: Relational blockchain platform for building decentralized applications Category: Proof-of-stake Latest news: Chromia partners with Algorand to bring decentralized gaming to the masses Chromia launches new dApp platform for enterprise use cases Chromia announces new partnership with NFT marketplace AtomicHub Add to Watchlist! Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
#CHR/USDT 12h (ByBit) Descending wedge on supportChromia just printed a dragonfly doji, bullish reversal towards 100EMA resistance seems around the corner. ⚡️⚡️ #CHR/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 4.6% Current Price: 1) 0.1046 Entry Targets: 1) 0.1035 Take-Profit Targets: 1) 0.1215 Stop Targets: 1) 0.0945 Published By: @Zblaba TSX:CHR #CHRUSDT #Chromia #NFT #DeFi Risk/Reward= 1:2 Expected Profit= +87.0% Possible Loss= -43.5% Estimated Gaintime= 3 weeks chromia.com
Long
by TradingOn