SwissBorg Token Analysis
CHSB Token Analysis October 2020
Token Analyst: Cryptophil / Analyst Assistant: Marian
Analysis Summary
👉 NEUTRAL
2020 has been a great year for CHSB with many promising developments however this trend needs to be confirmed in 2021. The current trend is neutral, Bitcoin is showing that he’s the boss and CHSB must wait a little while before catching up.
In any case, this year has been a very good year for Swissborg with the long-awaited release of the Wealth App’, which allows the purchase and sale of cryptocurrencies with ease.
For the investor, the price of the CHSB token being undervalued currently offers a great buying opportunity for a very significant return on investment in the long term.
Nevertheless, in the short and medium-term, we have to remain cautious because for the moment the markets are undecided and the value of CHSB is, like all other Altcoins, dependent on the evolution of the price of Bitcoin added to the uncertainties related to Covid and the results of the American elections of November 3.
Fundamental Analysis
👉 NEUTRAL
The Wealth App the financial management application, linked to 4 exchanges simultaneously, now offers the possibility to buy and sell in 17 different FIAT.
Although some developments take a little time, the figures for new users, volumes, the number of stacker tokens and the number of premium members are constantly increasing. There is also the protect and burn which offers real protection of the token value in case of too sharp a drop in the market price. The number of tokens listed to which it is now possible to invest in the application has gone from 6 tokens: Bitcoin, Etherum, Swissborg, USDC, Pax Golg and Enjin now 12 tokens: KNC, Compound, Aave, Ren, DAI et Binance coin.
Announcements in the very near future should bring a real plus to this ever-growing project.
Some evolutions take time because they are always tested and evaluated before being proposed to offer the user an experience of quality and ease worthy of the greatest Swiss-made brands!
Technical Analysis
👍 BULLISH — Long term
In Weekly, the situation, against the Dollar, is bullish as long as weekly closings remain above long-term support. Nevertheless, we will keep an eye on the evolution of prices in the coming weeks, as the price of CHSB is very close to its support and volumes are decreasing, which is a sign of an important future movement.
If this movement is up, we will first test the next resistance which is at $0.10 and if on the contrary, it is down, we will try to find support on the next support around $0.045–0.05.
Versus BTC, the situation is different with a Neutral trend. The strong surge in the price of bitcoin has pushed down the price of CHSB, and it is in the process of returning to its former resistance, which should serve as a support this time. What is now expected is that the price will consolidate in the reload zone between 0.618 and 0.768 Fibonacci.
👉 NEUTRAL — Middle term
In Daily, Things are interesting with price compression close to resistance, volumes are down and Bollinger bands are tightening.
The next few days could give a clear trend in the following direction with either a break at the top to get the $0.095–0.10 or at the bottom where we will test the support around $0.06.
We will also monitor the RSI level as the 40–41 level has often been used as Support/Resistance and could provide confirmation of the upcoming trend.
In the current state between the economic/sanitary uncertainties and Bitcoin assuming its King status, I would prefer a price that would stagnate between $0.06 and $0.09 to have a nice consolidation.
👉 NEUTRAL — Short term
In 4h and 1h, not much to say, we are a little bit in the same situation as we were in Daily. The price is compressed, volumes are low and the RSi goes back and forth. All scenarios are possible. The most likely scenario is to re-integrate the cloud of Ichimoku and breakout upwards and then settle in a range between $0.06 and $0.085. The MACD also shows a bullish divergence in 4h
Until next month
To conclude, I think it’s the right time to accumulate and invest in this high potential project with exponential evolutions. It would also be the right time to download the application via this link, earn a few BTCs and become a premium member because, in my opinion, we’re not about to see such a low price again in the future.
See you soon for a new analysis! #WeAreSwissborg — The Future is Bright! — CryptoPhil
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About the author.
My name is Philippe aka Cryptophil, passionate about cryptocurrencies, poker, cooking, motorcycling and apprentice investor. I love to share my passions and actively participate in projects. Members of a service club.
The Wealth App offers one of the best experiences for buying crypto signing-up offers you a chance to win up to $100 in Bitcoin with my link https://join.swissborg.com/r/philipNTYT
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Disclaimer
The information provided in this document is produced by passionate and active contributors from the SwissBorg DAO. This Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Please consult with an accredited financial advisor before making any investment decisions and ensure that you conduct your own research.
