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CHRBNB

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
CHR/BTC (Bearish Short Term Pattern?)💎Technical Analysis Summary💎 BINANCE: CHRBTC -CHR is following a Bearish rising wedge pattern -The price touches the key level of resistance -We saw a strong rejection sending the price back inside the channel -Though the pattern still valid for an uptrend -For me personally, I won't trade Long on rising wedge patterns -Especially if the price already hits a key resistance area or profit zone -I will wait for better bullish patterns instead A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
CHR/BTC (Rejected @ Trendline resistance?)BINANCE: CHRBTC -CHR found support at previous resistance area around 400 sat -The price bounces up to 584 sat which is a 67% increase from low to high -But yesterday got rejected by the trendline resistance -I expect it to pullback and potentially retest the previous support -And try to form a double bottom reversal -I recommend buying the break of trendline resistance -Because it will likely confirm a reversal -And continue higher in the coming weeks **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
3