CHROMA - CHR/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CHRUSDT
ISIN:

CHROMA - CHR/USDT - Daily - Technical analysis published on 07/29/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.284767 USDT

My targets

0.425800 USDT (+27.64%)

0.503600 USDT (+50.96%)

My analysis

The bullish trend is currently very strong on CHROMA - CHR/USDT. As long as the price remains above the support at 0.284767 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.425800 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.503600 USDT as an objective. Crossing it would then enable buyers to target 0.570600 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CHROMA - CHR/USDT rating is 0.333600 USDT. The price is lower by -1.45% since the last closing and was traded between 0.324500 USDT and 0.359300 USDT over the period. The price is currently at +2.80% from its lowest and -7.15% from its highest.

0.324500

0.359300

0.333600

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on CHROMA - CHR/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this CHROMA - CHR/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.128300	0.223600	0.284767	0.333600	0.433500	0.570600
Change (%)	-61.54%	-32.97%	-14.64%	-	+29.95%	+71.04%
Change	-0.205300	-0.110000	-0.048833	-	+0.099900	+0.237000
Level	Major	Intermediate	Intermediate	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.266500	0.299100	0.318800	0.351400	0.371100	0.403700	0.423400
Camarilla	0.324118	0.328912	0.333706	0.338500	0.343294	0.348088	0.352883
Woodie	0.260050	0.295875	0.312350	0.348175	0.364650	0.400475	0.416950
Fibonacci	0.299100	0.319079	0.331421	0.351400	0.371379	0.383721	0.403700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041400	0.119200	0.233600	0.311400	0.425800	0.503600	0.618000
Camarilla	0.295145	0.312763	0.330382	0.348000	0.365618	0.383237	0.400855
Woodie	0.059700	0.128350	0.251900	0.320550	0.444100	0.512750	0.636300
Fibonacci	0.119200	0.192620	0.237980	0.311400	0.384820	0.430180	0.503600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.014300	0.050700	0.099700	0.164700	0.213700	0.278700	0.327700
Camarilla	0.117350	0.127800	0.138250	0.148700	0.159150	0.169600	0.180050
Woodie	-0.022300	0.046700	0.091700	0.160700	0.205700	0.274700	0.319700
Fibonacci	0.050700	0.094248	0.121152	0.164700	0.208248	0.235152	0.278700

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.53
MACD (12,26,9):	0.0467
Directional Movement:	17.301020
AROON (14):	57.142860
DEMA (21):	0.337886
Parabolic SAR (0,02-0,02-0,2):	0.249005
Elder Ray (13):	0.034552
Super Trend (3,10):	0.206839
Zig ZAG (10):	0.345700
VORTEX (21):	1.1428
Stochastique (14,3,5):	68.79
TEMA (21):	0.369789
Williams %R (14):	-31.70
Chande Momentum Oscillator (20):	0.149000
Repulse (5,40,3):	-4.6726
ROCnROLL:	1
TRIX (15,9):	2.8747
Courbe Coppock:	129.74

MA7:	0.349800
MA20:	0.268325
MA50:	0.202896
MA100:	0.233894
MAexp7:	0.334593
MAexp20:	0.281105
MAexp50:	0.237113
MAexp100:	0.227679
Price / MA7:	-4.63%
Price / MA20:	+24.33%
Price / MA50:	+64.42%
Price / MA100:	+42.63%
Price / MAexp7:	-0.30%
Price / MAexp20:	+18.67%
Price / MAexp50:	+40.69%
Price / MAexp100:	+46.52%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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