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! 🌴
