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CHRUSDT trade ideas

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 !
by xtrade-bot
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$ ------------------------------------------- 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!
Long
by MBM_Crypto
5
$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
by Syl-Crypt
2
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!
Long
by MBM_Crypto
Keep an eye on CHR - We will see a bigger move soon!Here's a quick Look at CHR 4 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break either way soon! BTC just needs to get stable. Keep an eye on this falling wedge! The best entry would be, when the price breaks above 1.12$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 1.12$ and take profits at the levels shown in the chart. Targets: 1. 1.18$ 2. 1.3$ 3. 1.5 ------------------------------------------- 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!
Long
by MBM_Crypto
5
CHROMIA expected monthly return of 100%, 300% best caseI have been waiting for such an opportunity for so long and in this idea, I clarify my logic behind this expectation. there are significant fundamental reasons behind the recent surge in volume , and volatility of CHR however this fundamental discussion is out of the scope of this idea. Please refer to chromia.com in order to get more information about Chromia. CHR has a current market cap. of 700million USD which puts it in the low market cap category. Exchange volume indicates big room for growth as long-term holders refuse to sell during periods of below-average prices. since the end of October, a significant surge in interest in metaverse-related crypto assets led to a surge in volume and volatility which helped CHR break out of its long-term stationarity around $0.35. Now the most important question to be asked is whether Chromia which is a cross-sectional momentum winner over the past month will experience time-series momentum. in other words, as a matter of fact Chromia has outperformed most of its peers over the past month, the question is wether this monthly return of 200% will be repeated, a pattern reffered to as autocorrelation. well, quantitative data suggest this is very likely in the current case. However this relies heavily on the public's interest in metaverese and gaming related crypto assets also it is worth noting that crypto inevstors usually invest in higher cap less riskier projects like decentralnd and sandbox first pumping their prices then rotating into lower cap ones. my conclusion is that Chromia has very high potential because of the infrasturcture that offers for gaming community and technicals also support this. please have a quick read about relational blockchain in order to appreciate the potential of Chromia as the future of blockchain. Thanks a lot for your time and let me know your opinion in the comments. Mostafa
Long
by wolfofArabia
4
CHR/USDT 4HOUR UPDATEWelcome to this quick CHR/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- CHR/USDT is bullish trend conform retest buy the dip and green zone Entry:- buy green zone Traget:- 25% to 30% Stoploss:-100 moving average downside candle close Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
1
CHR / USDT in a falling wedge pt3. 🔥Had to come back and make another chart on CHR / USDT (Chromia). I've been scoring decent gains on the ranging motion of this one, but overall I have expectations that this will perform well on the longer-term (as well as Chromia's daugther MyNeighborAlice). Here seen in a Falling Wedge/Symmetrical Triangle pattern. If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 1.31$ TG2 - 1.34$ TG3 - 1.37$ TG4 - 1.415$ TG5 - 1.44$ TG6 - 1.48$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About Chromia: "Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token ( CHR ) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients." Source: Coinmarketcap ------------------
Long
by Droz_TA