- CHSB token shows a golden crossover of the 50 and 200-day EMA
- The CHSB/BTC pair was trading at 0.00001986 BTC with a loss of 6.89%
- the 24 trading volume in CHSB token is $14.5 Million
The CHSB token has been travelling in a sideways trend since the start of February month. The extreme levels of this range go from $0.0000275 to the $0.0000141 mark. Furthermore, the price was wavering below the $1974 mark since the sudden fall in June month, indicating a strong bearish momentum in this token. However, yesterday the price finally manages to break out from that overhead resistance of $0.0000195, suggesting the continuation of the sideways trend.
Due to the fluctuating movement in the price action, the crucial EMA’s of CHSB gave clustered together, suggesting an unclear signal. Thus, the token traders can use the 50 and 200 EMA’s to find the primary trend, which has also given a golden crossover in the daily chart, attracting more buyers in CHSB.
The RSI (BULLISH) value is at 58, indicating a bullish sentiment in the token. Moreover, the market bulls are growing stronger as the RSIline broke through its resistance level.
CHSB Token Shows A Breakout From A Small Range
The CHSB token has been resonating in a smaller range in the 4hr time frame chart. However, today the price gave a strong breakout from the $0.0000198 level, which is the same as the crucial resistance of this range. Currently, the price is giving a retest to this level to obtain valid support, providing a good entry opportunity for CHSB traders.
The MACD indicator(BULLISH) shows a bullish sentiment in the price as both the MACD and signal lines are moving higher to the neutral zone(0.00).
Conclusion: From a technical perspective, the overall trend of CHBS is sideways, as mentioned a reversal from the bottom support, i.e., $0.000015 would suggest the price rising back to the top resistance level, i.e., 0.0000275, thus a breakout from the $0.0000195 could trigger this rally but, the CHSB traders must wait for the price to sustain above this level before entering the Crypto market.
Support: $0.0000195
Resistance: $0.00002381