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Doxbin
Sep 28, 2022 1:57 AM

CRONOS AUSTRALIA | CAU.ASX | BULLISH BREAKOUT Long

Description

Hi all currently watching Cronos.ASX for a bullish break of 0.70. The price tested this level earlier in the week and then rejected support at 0.620 it is now going for another test of 0.70, if we can see a clean break of this level we should expect some strong upside volume entering the market to continue its already incredibly strong bullish momentum.

Trade closed: target reached

Comments
zAngus
Its been a strong runner. I hold. Bit quiet today on a bullish asx. Hopefully consolidating before next push up.
Doxbin
@zAngus, If we can just clear the 0.70 level its game on. Fingers crossed this small handle formation on the 1h doesnt retrace for to long ahah
Doxbin
@zAngus, Booooom! straight through 0.70 lets gooooo
zAngus
@Doxbin, looking at Commsec there isnt a lot of volume or trades but demand is in our favour with 67 buyers for 347,096 units and 11 sellers for 242,012 units.
Doxbin
@zAngus, Yeah there is actually pretty minimal volume, hopefully this is an area of reflexivity that will bring in some more fomo buys
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