Comprehensive Technical Analysis for Chime Financial (CHYM) – June 15, 2025

1. Price Movement Overview

• Previous Sessions:
  • June 12: Wild price swing. Open: $43.00, High: $44.94, Low: $36.19, Close: $37.11. Massive volume: 36.1M. Indicates panic selling, possible news/event-driven crash. The candle forms a giant bearish engulfing bar with a large real body, reinforcing downward momentum.
  • June 13: Attempt at stabilization. Open: $36.63, High: $36.87, Low: $33.00, Close: $34.79. Volume: 9.4M. Decreased volume suggests waning selling pressure but persistent volatility.
• Current Price: $34.79 (as of June 15 close) – sitting just above the June 13 low. Two consecutive bearish sessions, with a dramatic breakdown on June 12, followed by lower volatility but unsuccessful recovery.

2. Candlestick Pattern Analysis

• The chart shows a violent, high-volume downward move followed by an inside bar with reduced volume. The inside bar (lower high, higher low compared to previous day) implies indecision but, coming after a large drop, often signals continued weakness (bearish continuation).
• The lack of bullish reversal candlesticks (like hammers or bullish engulfing) and failure to reclaim lost levels suggests buyers remain on the sidelines.

3. Trend Analysis

• Short-term Trend: Violently bearish, defined by lower highs, lower lows, and massive momentum to the downside.
• Medium-term Trend: The chart suggests acceleration of a downtrend, confirmed by volume spikes and successive breakdowns of support zones.

4. Volume Analysis

• Volume on the plunge (June 12) at 36.1M far outweighs volume on stabilization (June 13) at 9.4M. This imbalance suggests that forced liquidation or institutional dump occurred, while buyers have not stepped in strongly.
• Declining volume on slight price stabilization indicates possible dead cat bounce—or at best, a pause before the next leg down.

5. Support & Resistance Levels

• Support: Immediate support is $33.00 (June 13 low). Below that, no clear data in the limited sample, but psychological support may appear near round levels ($30.00).
• Resistance: $37.11 (June 12 close), $36.87 (June 13 high).

6. Gap & Momentum Analysis

• The jump from $43 to $36.6 to $34.79 represents a large price gap that often acts as a resistance zone for future rallies. The momentum is sharply negative.
• Current momentum indicators (inferred from price action and volume disparity) point toward oversold conditions, but oversold can stay oversold in crash scenarios.

7. Relative Strength and RSI Assessment (Contextual)

• If RSI were calculated using this span, it would likely be in the low 30s/high 20s, which is technically oversold. However, price behavior overrides this for now as the selling is news-driven, not just technically overextended.

8. Moving Average/Trendline Insights

• Though we lack longer-term data, the two-day sequence easily sets price below a hypothetical 10- or 20-day moving average, supporting continued bearishness.

9. Event/Volatility Assessment

• The massive volume spike and gap down strongly suggest a significant catalyst (earnings miss, regulatory news, or sector-wide panic). Post-event, such moves usually see attempts at stabilization, but oversold levels can persist. A secondary leg down is not uncommon.
• Volatility remains elevated, increasing risk for both sides.

10. Fibonacci Retracement (Rough Calculation)

• From June 12 high ($44.94) to June 13 low ($33.00):
  • 23.6% retrace: ~$35.87
  • 38.2% retrace: ~$37.69
  • 50% retrace: ~$38.97
• Price unable to reclaim the first retrace zone (closed under $35.87), reinforcing downtrend.

11. Risk-Reward and Sentiment Analysis

• Sentiment: Extremely bearish. Early shorts profited wildly; dip buyers are absent, as shown in anemic volume post-collapse. Caution: the risk of a short squeeze is present during oversold bounces, but nothing signals this yet.
• Risk-Reward: Shorting at the close of $34.79 with stop above $36.87 (June 13 high) requires tight discipline. Targeting next support at $33.00 or further to $30.00 if panic resumes.

12. Strategic Synthesis

• Despite oversold technicals, price/volume action strongly support a continued bear bias short-term. Further price erosion toward $33, possibly $30, looks probable within the next session as buyers remain absent and technical bounces have failed to manifest. However, it is important to trail stops to guard against sudden short-covering rallies.

Summary Table

Signal	Indication
Short-term trend	Down
Volume	Bearish
Candlestick pattern	Bearish
Support	$33.00
Resistance	$36.87-$37.11
Risk	Heightened
Bias	Short

Final Prediction (Next 24h)

• Likely continued pressure to the downside: price to challenge the $33.00 low, with potential extension to the psychological $30.00 level if sellers retain control.
• Upside risk limited to a test of $36.87 (prior high); upside reversal unlikely without a bullish catalyst or heavy buying volume.

---

Conclusion: Trend, patterns, and volume all suggest further downside. Sell rallies and avoid premature long positioning until reversal confirmed by volume and price reclaiming resistance.