In our previous analysis we predicted the drop down from just under a dollar and identified our current level as a possible bottom for CRO as shown below;
Only took us 5 months but we got here lol. Following a zig-zag correction currently, in theory, wave C of this pattern should be 61.8%, 100%, or 123.6% of wave A. If it extends to 161.8% then we can expect Wave C to be a wave 3 of a 5-way impulse move (this is why we should apply proper risk management).
Price has currently retraced 100% of Wave A and we'll be hoping it doesn't go beyond our possibble bottom zone aligned with the 123.6 fib support level.
Our targets provided we don't drop to the 161.8% fib support will range from $1.85-$3.6 dollars before a top is in.
Past analysis linked below.
If you agree, pls leave a like, share and comment your thoughts below. As always, feedback is appreciated!
You DIDN'T PREDICT NOTHING... CRO only went down because of their rewards being elminated. Like you knew and predicted that? LOL. You people who say 'I predicted'..... lame