The price is currently moving within a falling wedge pattern and trapped between immediate resistance and support lines. Breakout from this range will determine the CRO's major direction. Although Elliot wave pointing towards potential downward move, I will prefer to trade the range.
Targets for both bullish and bearish breaks are shown on the chart.
Stay tuned for more updates and trade safe!
Trade active
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Trade active
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CRO has regained stability above its immediate support line, signifying strength as the price breaks above the major downtrend trendline. This bullish momentum suggests that the provided buy-back zone on the chart presents a favorable opportunity for acquiring the coin and pursuing the outlined targets ranges from internal supply zone to the selloff area.