Technical Analysis for $CHR
/USDT
Current Price: $0.2618
24h Change: +9.72%
24h High: $0.2694
24h Low: $0.2097
SAR (Stop and Reverse): 0.2491
Volume: 64.83M (CHR), 15.01M (USDT)
Technical Indicators:
1. RSI (Relative Strength Index): Indicates possible overbought or oversold conditions (if RSI > 70, overbought; if RSI < 30, oversold).
2. SAR Indicator: Suggests trend reversal at $0.2491, signaling potential support for the price.
Trade Signal:
Trend: Bullish (Price has increased by 9.72% in the last 24 hours).
Momentum: Positive, with a strong uptrend.
Support Level: $0.2505 (SAR suggests potential support).
Resistance Level: $0.2694 (24h High).
Target Levels 🎯:
1. First Target: $0.2724 — near the current depth resistance level.
2. Second Target: $0.2800 — potential next resistance point based on momentum.
3. Third Target: $0.3000 — psychological resistance as the price approaches higher levels.
Trade Momentum:
Bullish momentum continues with strong buying activity in the market.
If price breaks above $0.2694, expect further upside momentum.
Watch for potential retracement around the SAR level ($0.2491) if the trend weakens.
Trade Recommendation: Buy on pullbacks near $0.2505 or above the current price for further upside. Consider setting stop-loss below $0.2491 in case of a trend reversal.
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