CHR/USDT falling wedge bullish horizon? 👀🚀CHR analysis
Aktualisiert
đź’ŽParadisers, observe as #CHRUSDT recently broke out from a falling wedge, indicating a strong potential for a bullish move, with the 100-day moving average currently posing as resistance.
đź’Ž Following the breakout from the falling wedge, the price is now in a demand zone. If it maintains momentum here, there's a high probability it could break through the significant resistance above.
đź’Ž However, given the market's volatility, if
CHR fails to keep up its momentum and drops below the demand level at $0.3018, this could suggest a weakening of the bullish position, potentially leading to a significant decline. In such a scenario, we might see a bullish rebound from a lower, strong support level $0.2503, but breaking below this could result in substantial downward movement.
MyCryptoParadise
iFeel the success🌴
đź’Ž Following the breakout from the falling wedge, the price is now in a demand zone. If it maintains momentum here, there's a high probability it could break through the significant resistance above.
đź’Ž However, given the market's volatility, if
CHR fails to keep up its momentum and drops below the demand level at $0.3018, this could suggest a weakening of the bullish position, potentially leading to a significant decline. In such a scenario, we might see a bullish rebound from a lower, strong support level $0.2503, but breaking below this could result in substantial downward movement.MyCryptoParadise
iFeel the success🌴
Anmerkung
đź’Ž Paradisers, #CHR is perfectly aligning with our predictions, showcasing a 20.77% increase. We've identified a newly formed Bullish Order Block, indicating that the momentum could continue to surge towards our specified strong resistance zone.đź’Ž What are your thoughts on this development, everyone?
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