CHRUSDT.P trade ideas
#CHR/USDT is testing the resistance zone in 4-Hour TF!#CHR/USDT is testing the resistance zone in 4-Hour TF!
TSX:CHR needs to clear the resistance zone $0.1212 to gain the bullish momentum. Wait for BO/retest to open a long position.
#CHRUSDT local support level us PDL $0.112. Wait for breakdown to short it.
CHR/USDT - Chromia: Double_Bottom◳◱ We've a Double Bottom pattern on the TSX:CHR / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the neckline at the current price. The next resistance key levels are at 0.0977 | 0.1025 | 0.1138 and the major support zones are respectively at 0.0864 | 0.0799 | 0.0686.
◰◲ General info :
▣ Name: Chromia
▣ Rank: 334
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Hitbtc
▣ Category/Sector: Infrastructure - Application Development
▣ Overview: Chromia (previously Chromapolis) is a Layer-1 blockchain that is also an Ethereum Virtual Machine (EVM) compatible Layer-2 solution for Ethereum and the Binance Smart Chain. Chromia is designed to achieve three goals: allow dApps to scale to millions of users, improve the user experience of dApps to match those of centralized applications, and create familiar paradigms that allow developers to build secure applications.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.094 ₮
▣ 24HVol: 957,337.045 ₮
▣ 24H Chng: 2.285%
▣ 7-Days Chng: 1.91%
▣ 1-Month Chng: -1.45%
▣ 3-Months Chng: -12.15%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0977 | 0.1025 | 0.1138
◢ Support: 0.0864 | 0.0799 | 0.0686
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.08
▣ Last 90D: -1.17
▣ Last 1-Y: -0.34
▣ Last 3-Y: 0.86
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 0.72
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.56
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.49 - Bearish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth CHRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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CHRUSDT TRADING IDEACHRUSDT is currently displaying an extended correction pattern, with the potential formation of an ending diagonal. The Imbalance zone (IMB) highlighted on the chart holds significant importance for medium to long-term coin accumulation.
While the price remains within the confines of local resistance and support levels, the breakout direction will be a key indicator of the coin's future trajectory. In the event of a break below the local support, our IMB zone presents an ideal opportunity for substantial accumulation.
I strongly recommend setting a tight stop-loss just below this zone, providing a safeguard in case the price continues to decline, with the Optimum Demand Zone being a major focus in such a scenario. Conversely, the Optimum Supply Zone, as indicated on the chart, serves as a significant area for potential sell-offs.
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CHRUSDTCHRUSDT is in strong bullish trend and recently has given the breakout from symmetrical triangle. The price was reacting well the support and resistance of triangle.
Currently the price has break through the resistance of triangle where the buyers are showing good strength .
If the breakout sustain to upside ,the optimum target could be 0.1090 followed by 0.1140.
What you guys think of this idea?
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout
On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance.
CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets
Support levels: 0.0956, 0.0826
Resistance levels: 0.1092
As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth
Regards R. Linda!
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! 🌴
CHRUSDTThis is a 4H frame analysis for CHRUSDT Analysis of the crypto market shows that prices are in an uptrend channel and may start to move towards the second resistance line after breaking the first resistance line. However, be aware that it is close to an area where it has failed to move up after several collisions and has had price drops in advance. Suggestion: Those who have purchased this coin from lower numbers can sell in the first area if they do not want to take more risk, but it is expected that the price may move towards the second resistance line after breaking the first resistance line.
CHRUSDTThis is a 4H frame analysis for CHRUSDT As you can see, the price is in its supply zone and can show a reversal again and bring the price back to the previous support zone. However, we can see signs of upward momentum in the daily timeframe, so wait for the price to break the resistance line or the complete line and then enter the trade or wait for the price to have a pullback after the signs of decline and then enter the trade.
long chr## Risk & Management
- 1% capital per trade.
- Move SL to breakeven at 1:1R
## Points of Interest
- Order blocks
- Major liquidity grab
## Framework
- On the 4H timeframe, gauge overall bias & locate major points of interest.
- When price enters a point of interest, drop down to the 15M or 5M timeframe.
- Wait patiently for price to purge liquidity within the point of interest.
- Wait for price to impulsively break structure & create imbalance.
- Enter at the order block responsible for the break of structure.
## Entries
- The OB caused a BOS.
- The OB is the extreme zone.
- The OB created clear imbalance.
- Liquidity has been clearly Identified.