- CHSB/USD has been trading sideways for a few weeks after a massive bull run to $0.173.
- The digital asset has formed a clear and still wide equilibrium pattern.
CHSB had a massive bull rally long before Bitcoin or Ethereum had theirs. The digital asset went from a low of $0.0137 to $0.173 in just two months. Of course, every big rally has a significant consolidation period. CHSB is holding well though at $0.116 and defending daily EMAs.
CHSB/USD daily chart
The equilibrium pattern is really apparent with a lower high established at $0.134 and a higher low at $0.091, the break of any of these two levels will lead to a significant breakout. Of course, considering that CHSB is bullish, the entire market is also bullish, buyers have a better chance to see a breakout towards $0.173 and ultimately $0.20 than not. SwissBorg is currently incentivizing users to bring even more users through a Rewards Program.
Our Rewards Program has been live for two weeks & YOU have already invited 19,236 friends & scratched 16,695 Reward Tickets ❣️ Keep going & invite more friends to earn more #Bitcoin and grow the community: https://t.co/S4a3gSUNak pic.twitter.com/EAKrvocapV
— SwissBorg (@swissborg) July 29, 2020
CHSB/USD weekly chart
In fact, even on the weekly chart, CHSB is inside an equilibrium pattern. The lower high and higher low are the same here as well which means a break of these levels will certainly produce a massive breakout.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Base attracts Lion’s share of Ethereum deposits among Layer 2 chains, beats Optimism in TVL
Base, Coinbase’s Ethereum Layer 2 chain, has noted a spike in inflows to its blockchain this week. Nearly $20 million in Ether flowed into Base since Monday, nearly two times that of Arbitrum and five times as much as Optimism, its competitors in the scaling ecosystem.
SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51
Ripple lawsuit develops further as redacted version of SEC filing goes public. Ripple, SEC and related parties will file motions to seal material from the remedies-related filings by May 13.
FET suffers 2% decline as whales deposit Fetch.AI tokens to exchanges
Fetch.AI (FET) token will be the reserve currency of the Superintelligence Alliance (ASI), a merge of three Artificial Intelligence (AI) projects: Fetch.AI, Ocean protocol and SingularityNET.
Ethereum resume sideways move as Grayscale files to withdraw Ethereum futures ETF application with the SEC
Grayscale has withdrawn its 19b-4 application for an Ethereum futures ETF. SEC Chair Gensler says several crypto assets are securities as he waives off ETH classification question.
Bitcoin: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.