Chromia has been doing pretty well after recovering from the december lows. Holding well in this dip and already gaining upwards momentum.
I couldnt help but realise this pattern re occur (one in green rectangle). if you look closer it is very similar and if it plays out could signify a local top at the 618 level of the current fib retracement from the dip.
Furthermore the red line you see all the way down is a trend line that exists from previous ATH to subsequent tops and once that broke CHR flew like there is no tomorrow.
The recent crash wick retested this line so it is possibly a nice confirmation of upward move.
I couldnt help but realise this pattern re occur (one in green rectangle). if you look closer it is very similar and if it plays out could signify a local top at the 618 level of the current fib retracement from the dip.
Furthermore the red line you see all the way down is a trend line that exists from previous ATH to subsequent tops and once that broke CHR flew like there is no tomorrow.
The recent crash wick retested this line so it is possibly a nice confirmation of upward move.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.