- CHSB Token price breaks a bullish breakout of a symmetrical triangle.
- The token price jumps higher than all the critical EMAs in the daily chart.
- The CHSB/BTC pair is trading at 0.00001932 BTC with an intraday fall of -3.36%.
CHSB token price breaks out of the symmetrical triangle pattern with a boost in daily volume. The token’s price action in shows higher price action from the 0.00002150 BTC as the candlesticks forms long wick.
The token price trades significantly higher than the crucial EMAs in the daily chart while the EMAs are gaining bullish push to drive higher that may soon result in bullish crossovers.
The Token price at the moment is $0.942. The market cap increased by 2.21% over the past 24 hours. It means that prices are rising with a bullish boost.
The intraday trading volume of the token has fallen by 50% over the last 24 hours. It indicates that investors are losing interest in the coin and could lead to a short-term retracement.
CHSB Token In The 4-hour Chart
CHSB token price retrace back to the support level of 0.00001923 BTC as the price fails to sustain higher. The price action preps up to face the resistance level of 0.00002150 BTC once again. On the other side, 0.00001681 and 0.00001542 BTC are now support levels for the coin price.
The EMAs in the 4-hour chart rise higher in a bullish alignment with a positive slope that may shortly provide support to the retracing token price.
The RSI (bullish) indicates bullish momentum as the slope of the RSI indicator rises higher.
The ADX indicator projects a rise in price trend momentum.
Conclusion – The CHSB token price rises higher with the support of the increasing bullish pressure. Investors may find entry spots near the dips on the 20-period EMA.
Support – 0.00001681 and 0.00001542 BTC
Resistance – 0.00002150 and 0.00002375 BTC