CHESS has been grinding sideways for months, holding that strong horizontal support around the 0.038–0.041 zone. The chart shows a long consolidation base — the kind of structure that often precedes a big shift when volume eventually picks up. Right now, it’s hovering right above that demand area, which has held firm multiple times since early 2025.
What stands out is the risk-to-reward setup — buyers are stepping in close to historical lows with clear invalidation below support, while upside potential stretches toward the mid-range resistance around 0.26. It’s the kind of asymmetric setup traders hunt for.
Despite weak performance metrics on the year (-70%+ YTD), this tight range could turn into a strong rebound if broader market sentiment improves. Early accumulation phases like this can feel boring — until they don’t.
If CHESS manages to reclaim the short-term resistance around 0.05 with volume confirmation, momentum could shift fast. Let’s see if bulls can finally turn this quiet base into a proper move higher.
DONT FORGET TO CHECK MY PROFILE BELOW 👇👇👇
What stands out is the risk-to-reward setup — buyers are stepping in close to historical lows with clear invalidation below support, while upside potential stretches toward the mid-range resistance around 0.26. It’s the kind of asymmetric setup traders hunt for.
Despite weak performance metrics on the year (-70%+ YTD), this tight range could turn into a strong rebound if broader market sentiment improves. Early accumulation phases like this can feel boring — until they don’t.
If CHESS manages to reclaim the short-term resistance around 0.05 with volume confirmation, momentum could shift fast. Let’s see if bulls can finally turn this quiet base into a proper move higher.
DONT FORGET TO CHECK MY PROFILE BELOW 👇👇👇
👉👉👉 I am using indicators from Risological.com
✅ Works on all markets
✅ 30-Day Money-Back Guarantee.
👉👉👉 CHECK IT OUT @ Risological.com
✅ Works on all markets
✅ 30-Day Money-Back Guarantee.
👉👉👉 CHECK IT OUT @ Risological.com
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👉👉👉 I am using indicators from Risological.com
✅ Works on all markets
✅ 30-Day Money-Back Guarantee.
👉👉👉 CHECK IT OUT @ Risological.com
✅ Works on all markets
✅ 30-Day Money-Back Guarantee.
👉👉👉 CHECK IT OUT @ Risological.com
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.