CHR/USDT falling wedge bullish horizon? ððCHR analysis
ðParadisers, 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.
ð 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.
ð 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 successðī
ð 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.
ð 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 successðī
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ð What are your thoughts on this development, everyone?