#CHRUSDT
CHR broke out the upper line of falling wedge and touched the first resistance zone as I expected, current support is around $0.35 that may touch another time then go upward to reach $0.5. in weekly time frame I can see a inverted head and shoulders pattern that $0.5 is its neck line, a break above this resistance can lead price toward $0.79 that is the target of head and shoulders.
CHR broke out the upper line of falling wedge and touched the first resistance zone as I expected, current support is around $0.35 that may touch another time then go upward to reach $0.5. in weekly time frame I can see a inverted head and shoulders pattern that $0.5 is its neck line, a break above this resistance can lead price toward $0.79 that is the target of head and shoulders.
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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.