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CHRUSD

CHR/BTC (Bearish Short Term Pattern?)💎Technical Analysis Summary💎 BINANCE: CHRBTC -CHR is following a Bearish rising wedge pattern -The price touches the key level of resistance -We saw a strong rejection sending the price back inside the channel -Though the pattern still valid for an uptrend -For me personally, I won't trade Long on rising wedge patterns -Especially if the price already hits a key resistance area or profit zone -I will wait for better bullish patterns instead A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
CHR/BTC (Rejected @ Trendline resistance?)BINANCE: CHRBTC -CHR found support at previous resistance area around 400 sat -The price bounces up to 584 sat which is a 67% increase from low to high -But yesterday got rejected by the trendline resistance -I expect it to pullback and potentially retest the previous support -And try to form a double bottom reversal -I recommend buying the break of trendline resistance -Because it will likely confirm a reversal -And continue higher in the coming weeks **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
3