Yello, Paradisers! Is #CHRUSDT on the verge of a significant breakout, or will it succumb to downward pressure again? Let's dive into the technicals to find out!
đź’Ž#CHR is showing signs of rebounding from a demand area, suggesting a potential reversal to the upside. The target? Testing the resistance area at the 0.297 mark, right at the resistance trendline of a falling wedge pattern.
đź’ŽHistorically, we've seen consistent bounces when the price hits the support trendline. A successful breakout above this resistance could lead to bullish momentum, significantly increasing the probability of reaching our target strong resistance area.
đź’ŽHowever, if CHRUSDT fails to break through the resistance, it could face rejection and head back down to revisit the demand area.
đź’ŽThe bullish scenario will be invalidated if CHRUSDT fails to sustain above the demand area. Should this occur, the price could dip further.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
đź’Ž#CHR is showing signs of rebounding from a demand area, suggesting a potential reversal to the upside. The target? Testing the resistance area at the 0.297 mark, right at the resistance trendline of a falling wedge pattern.
đź’ŽHistorically, we've seen consistent bounces when the price hits the support trendline. A successful breakout above this resistance could lead to bullish momentum, significantly increasing the probability of reaching our target strong resistance area.
đź’ŽHowever, if CHRUSDT fails to break through the resistance, it could face rejection and head back down to revisit the demand area.
đź’ŽThe bullish scenario will be invalidated if CHRUSDT fails to sustain above the demand area. Should this occur, the price could dip further.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.