#CHR
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key support zone in green at 0.0132, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 0.0140
Target 1: 0.0148
Target 2: 0.0154
Target 3: 0.0162
Stop Loss: At the resistance zone in green
Remember this simple rule: Money management.
Any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key support zone in green at 0.0132, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 0.0140
Target 1: 0.0148
Target 2: 0.0154
Target 3: 0.0162
Stop Loss: At the resistance zone in green
Remember this simple rule: Money management.
Any questions, please leave a comment.
Thank you.
Trade active
#CHR
Target 1: 0.0148 Reached
Target 2: 0.0154v
Trade closed: target reached
#CHR
Target 1: 0.0148 Reached
Target 2: 0.0154 Reached
Target 3: 0.0162 Reached
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📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
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.