SwissBorg Price Prediction 2021 – Will CHSB Hit $2 Soon?

SwissBorg Price Prediction 2021 - Will CHSB Hit $2 Soon?
  • Bullish CHSB price prediction ranges from $0.80 to $1.55.
  • The CHSB price might also reach $2.
  • CHSB bearish market price prediction for 2021 is $0.33.

In SwissBorg (CHSB) price prediction 2021, we use statistics, price patterns, ADX, and much other information about CHSB to analyze the future movement of the cryptocurrency

SwissBorg (CHSB) is a Switzerland-based project aiming to bring independence and decentralization to personal finance. The developers also launched the SwissBorg Wealth APP. The main aim of the app is to connect different cryptocurrency exchanges to give users a single place to trade crypto using traditional fiat currency. The SwissBorg platform depends heavily on blockchain decentralization to ensure that personal data is protected and users can control their funds without any prohibition.

Current Market Status of SwissBorg (CHSB)

According to Coingecko, the price of CHSB is $0.7205 with a 24-hour trading volume of $3,865,951 at the time of writing. However, CHSB surged to 2.17% in the last 24 hours.

Moreover, CHSB has a circulating supply of 1.00B CHSB coins. Currently, CHSB trades in cryptocurrency exchanges such as  HitBTC, KuCoin, Uniswap (V3), Uniswap (V2), and 1inch Exchange.

SwissBorg (CHSB) Price Prediction 2021

SwissBorg (CHSB) holds the 108th position on CoinGecko right now. CHSB price prediction 2021 explained below with a daily time frame. 

CHSB/USDT Ascending Triangle Trend (Source: Tradingview)

The ascending triangle pattern is a bullish pattern that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend but they are typically continuation patterns.

The upper trend line must be horizontal, indicating nearly diagonally, identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers patiently step up their bids.

Currently, CHSB is waving at $0.7205. After this, CHSB may continue to fall or rise according to the direction of the breakout. With this pattern, CHSB might reach the target of $1.24 and $1.60  soon. If the trend reverses, then the price of CHSB may fall to $0.46.

SwissBorg (CHSB) Support and Resistance Level

The below chart shows the support and resistance level of SwissBorg (CHSB). 

CHSB/USDT Support and Resistance Level (Source: TradingView)

The above chart is observed as the support and resistance level of CHSB

  • Resistance Level 1 – $0.80
  • Resistance Level 2 – $0.95
  • Resistance Level 3 – $1.24
  • Resistance Level 4 – $1.55
  • Support Level 1 – $0.64
  • Support Level 2 – $0.46
  • Support Level 3 – $0.33

The chart depicts the bullish performance of CHSB over the previous month. However, this trend will continue to reach a resistance level at $1.55 soon. Even more, if the trend reversed then CHSB might fall to $0.33 presenting a bearish signal.

SwissBorg (CHSB) Average Directional Index (ADX)

Let us now look at CHSB’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

CHSB/USDT ADX (Source: TradingView)

The above chart represents the ADX of CHSB with the range at 3.846, so it indicates a weak trend.

Conclusion

The CHSB is one of the cryptos which is great for long-term investment. In addition, CHSB price prediction will be bearish or bullish, until the breakout direction confirmed. But, it has a good chance of reach its all-time $1.64 this year. Similarly, CHSB might also reach its target at $1.55, if the pattern continues. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the CHSB ecosystem, the performance of CHSB would rise reaching $1.55 very soon. But, it might also reach $2 if the investors believe that CHSB is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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