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2021-03-19

CHSB to Rise After Price Pullbacks – Technical Analysis

CHSB price

CHSB is the native multi-utility token of the Swissborg blockchain network which has been forked from the Ethereum blockchain. Swissborg aims at driving innovation in the DeFi sector and change the relationship dynamics between people and their investment managers. Past Performance On March 11, 2021, CHSB started trading at $1.50. As of March 18, 2021, the closing price was $1.36. Thus, in the past week, the CHSB price has declined by approximately 9%. In the last 24 hours, the price has traded between $1.31 and $1.36. https://ift.tt/3c0HsvT Day-Ahead and Tomorrow Currently, CHSB is trading at $1.34. There has been a slight decline from the opening price of $1.36. Thus, the market is downtick. The A/D line is upward sloping. Whale accumulation is higher than whale distribution. High demand for CHSB will exert upward pressure on its price. Hence, we can expect the price to start rising in some time. Presently, the MACD line has turned negative while the signal line is positive. Thus, a bearish crossover by the MACD line over the signal line has occurred. Hence, we can expect the price to decline further. Currently, the RSI indicator is at 60%. It is continuing to rise. Thus, buying pressures are high. Hence, we can expect the CHSB price to rise after intermittent price pullbacks. CHSB Price Analysis Currently, the price is above the Fibonacci pivot point of $1.34. We can be assured that a trend reversal has occurred if the price breaches the first Fibonacci pivot resistance level of $1.36, in some time. Watch these levels in 4-hour windows. The price has tested and broken out of the 76.4% FIB retracement level of $1.348. As some of the indicators are showing bullish signs, we can expect the price to start rising. If the bullish trend sustains till day close, then we can be positive about the CHSB price tomorrow as well.  

The post CHSB to Rise After Price Pullbacks – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.



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