With BTC falling, it's time for some overbought assets to fall back and correct their strong gains.
CHR (and several others) have seen very strong gains over the last couple of days, and are the first to lose their value when BTC continues falling.
As of now, CHR is consolidating around the top resistance of the triangle. Wait for a proper fall through this area before going short. Always keep an eye on BTC when trading alts.
Happy trading!
CHR (and several others) have seen very strong gains over the last couple of days, and are the first to lose their value when BTC continues falling.
As of now, CHR is consolidating around the top resistance of the triangle. Wait for a proper fall through this area before going short. Always keep an eye on BTC when trading alts.
Happy trading!
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