CHRUSDT | Bearish Flag Pattern

26 apr 2023

CHRUSDT is currently forming a bearish flag pattern on the 1-day timeframe, and it has already broken its flag. We are currently entering at the CMP, and our first TP is 0.1502, the second TP is 0.1328, and the third TP for a long run is its weak low at 0.1023. Additionally, the market structure is forming a harmonic pattern, which is AB = CD. The strong support levels for CHRUSDT are 0.1581, 0.1460, and 0.1306 on the 1-day timeframe, while the resistance levels are 0.1670, 0.1708, and 0.1815. There is also an FVG, which is the fair value cape between 0.1640 and 0.1827. Therefore, if there is no bad news, it will likely fill its gap.