CHR/USDT – brief trading analysis and scenario
Current price: 0.1030 USDT (+4.25% in 24 hours)
24-hour range: 0.0968 – 0.1034
Volumes: 17.50 million CHR / 1.74 million USDT
Technical indicators:
EMA: EMA(7) = 0.1003, EMA(25) = 0.0992, EMA(99) = 0.0993 → short-term EMA above long-term, indicating a weak bullish trend.
MACD: MACD line slightly above the signal line → weak bullish momentum.
RSI and Stochastic RSI: RSI(14)=68.28, RSI(7)=76.92, Stochastic RSI fast = 92.75 → overbought, a pullback or consolidation is possible.
Chart patterns:
Recent breakout of resistance around 0.10 USDT after a period of consolidation confirms short-term upward momentum.
Recommendations and entry points
📈Bullish scenario (continuation of growth):
➡️Entry point: 0.1010–0.1020 (pullback to broken resistance).
Targets:
🎯Short-term: 0.1060 (+3–4%)
🎯Medium-term: 0.1100 (+7–8%)
⛔️Stop-loss: 0.0985 (below EMA25/99)
📉Bearish scenario (pullback):
If the price does not hold above 0.1000 → pullback to supports is possible:
🎯0.0980 – 0.0990
🎯0.0968 (minimum for 24 hours)
Conclusion:
The CHR/USDT pair is currently in a short-term upward trend, but with a high probability of being overbought. Trading is recommended with caution, considering a possible pullback or consolidation.