Swissborg is a blockchain platform that allows users to trade and exchange cryptocurrencies for fiat currencies. The in-built smart engine connects users to multiple exchanges and executes digital money transactions instantly. It is secured with advanced MPC cryptography and identity verification measures. CHSB is the native token of this ecosystem and the technical analysis is as follows: Past Performance On May 13, 2021, CHSB started trading at $1.07. On May 19, 2021, CHSB closed at $0.82. Thus, in the past week, the CHSB price has decreased by roughly 24%. In the last 24 hours, CHSB has traded between $0.72-$0.88. https://ift.tt/3oFcoGD Day-Ahead and Tomorrow Currently, CHSB is trading at $0.85. The price has increased from the day’s opening price of $0.82. Thus, the market seems to be bullish. The MACD and signal lines are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to rise further. Currently, the RSI indicator is at 65%. It faced rejection at 62% and rallied to the current level. Thus, buying pressures are high. Thus, the RSI indicator is giving further credence to the bullish signals given by the MACD oscillator. Besides, the A/D indicator is steadily rising too. Thus, whale accumulations are much higher than whale distributions. Heavy buying activity is likely to exert upward pressure on the CHSB price. In short, all three oscillators have given positive signals. CHSB Technical Analysis Currently, the price is above the Fibonacci pivot point of $0.81. The price is soon likely to break out of the first resistance level of $0.87. The price may break out of the subsequent resistance levels of $0.90 and $0.97, respectively, in some time. The price has tested and broken out of the 23.6% FIB retracement level of $0.85. It may break out of the 23.6% FIB extension level of $0.93 as well within some time. Thus, as of now, the bullish trend seems strong, and the price rise is likely to continue tomorrow as well.
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