CHESS/USDT (1D) – Daily Trendline Breakout in PlayTradingView Idea: CHESS/USDT (1D) – Daily Trendline Breakout in Play
Pattern: Falling Trendline Breakout 📉➡️📈
Timeframe: 1-Day ⏱️
Pair: CHESS/USDT 💱
Published: June 11, 2025 📅
**Technical Overview:**
CHESS/USDT has been moving under a long-standing falling trendline, with price consistently making lower highs. Recently, it has broken above this trendline on the daily timeframe, signaling the start of a potential trend reversal.
A strong close above the breakout zone, combined with rising volume, could confirm bullish continuation 🔥
**Potential Trade Setup:**
**Bullish Scenario ✅**
Entry: On confirmation and daily close above 0.082–0.085
Targets:
* First target at 0.095 🎯
* Second target at 0.110 🎯
* Third target at 0.130–0.150 🎯
Stop-loss: Below 0.075 🛑
**Risk Management ⚠️**
Watch for volume confirmation to avoid false breakouts. If CHESS drops back below 0.080, the move may fail or consolidate before a second attempt.
**Conclusion:**
CHESS is showing strong breakout behavior. If confirmed, this could mark a mid-term reversal with solid upside potential 📊🔍
Chessusdtlong
#CHESS/USDT#CHESS
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 0.0640, acting as strong support from which the price can rebound.
Entry price: 0.0642
First target: 0.0688
Second target: 0.0722
Third target: 0.0756
#CHESS/USDT#CHESS
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.870
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.00
First target 1.05
Second target 1.12
Third target 1.20
Chess / USDT: preparing for a breakout as it rebounds from key sCHESS/USDT: Preparing for a Breakout as It Rebounds from Key Support
CHESS/USDT is showing bullish signs 📈 as it rebounds from a significant support zone and approaches a key resistance level 📊. The pair has been steadily climbing, setting the stage for a potential breakout 💥 above resistance. A confirmed move could spark strong bullish momentum 🚀. Stay alert 👀 and wait for solid confirmation before making any moves.
Key insights:
1. Support bounce: CHESS/USDT has successfully rebounded from a critical support level, signaling strong buyer interest and increasing the likelihood of a bullish move.
2. Approaching resistance: The price is nearing a resistance zone that has capped previous upward movements. A break above this level could trigger a sustained uptrend.
3. Bullish indicators: Momentum indicators like RSI and MACD are turning upwards ⚡, supporting the case for further bullish momentum.
Steps to confirm the breakout:
Monitor for a clear 4H or daily candle closing above the resistance zone 📍.
Look for a spike in trading volume during the breakout to validate buyer strength 🔥.
A successful retest of the resistance level as new support adds credibility to the breakout ✅.
Beware of fakeouts, such as wicks or sharp reversals below the resistance ⚠️.
Risk management strategies:
Use stop-loss orders to minimize potential losses 🔒.
Adjust position sizes to align with your overall risk tolerance and trading strategy 🎯.
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
CHESS/USDT on the verge of a big breakout!🚀 CHESS/USDT on the verge of a big breakout! 🚀
The CHESS/USDT pair is showing signs of a potential breakout, and the momentum is building up. 📈 The price is testing key resistance levels, and if it successfully breaks through, we could see a solid bullish rally. 🔥
💡 What to watch for:
- A confirmed breakout above the resistance could trigger a sharp upward move. 🚀
- Increased trading volume may signal stronger buying interest. 📊
👀 Keep an eye on it: This setup could present exciting opportunities. However, always do your own research and manage your risk. 🧐
⚠️ Disclaimer: This is not financial advice. DYOR (Do Your Own Research).
#CHESS/USDT#CHESS
We have a bearish channel pattern on a 1-hour frame, the price moves within it and adheres to its limits well
We have a green support area at 0.1773 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 0.1830
The first goal is 0.1949
The second goal is 0.2000
The third goal is 0.2070
#CHESS/USDT [Tranchess]: Super_Trend Bollinger_BreakoutWe've detected both a Bollinger Band breakout and a Super Trend pattern on the CHESS/USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.