SwissBorg (CHSB) is a Defi project currently focusing on personal finance. It was developed in 2017 to help the fiat banking system with blockchain technology. It aims to use smart contracts to create a decentralized network for personal finances. Let us look at the technical analysis for CHSB. Past Performance On June 24, 2021, CHSB started trading at $0.53. As of June 30, 2021, the closing price of CHSB was $0.55. Thus, in the past week, the CHSB price has hardly been volatile. In the last 24 hours, CHSB has traded between $0.545 – $0.639. https://ift.tt/2Ub0Uj0 Day Ahead And Tomorrow Currently, CHSB is trading at $0.6133. The price has increased from the opening price of $0.5466. Thus, the market looks bullish. The MACD and signal lines are in the negative zone. Plus, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish, and we can expect a price pullback. However, both the lines are close to the zero lines and may change signs soon. If buying pressure takes over the selling pressure, we might witness a clear breakout on the upside for CHSB. The RSI indicator is at 51%. It has risen from the 48% mark. Thus, it indicates that the buying pressure is high in the market. Hence, we can expect the price to rise for some time. The price has tested and fallen below the Fibonacci pivot point of $0.64 (BTC 0.00001872). As some of the oscillators have shown bearish signals, we can expect the price to fall and test the first Fibonacci pivot support level of $0.54 (BTC 0.00001666) soon. CHSB Technical Analysis The price has been tested and is currently trading below the 38.2% FIB retracement level of $0.64 (BTC 0.00001872). If the price falls below the 23.6% FIB extension level of $0.54 (BTC 0.00001666) in some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. However, if the price tests and rises above the 38.2% FIB retracement level of $0.64 (BTC 0.00001872). It can test the 50% FIB retracement level of $0.71 (BTC 0.00002058).
The post CHSB Technical Analysis: Price Tested and Currently Trading Below 38.2% FIB Retracement Level of $0.64 appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
