CROUSD - Technical short term downtrend (15m chart) - 004
Since last update on 14Mar, CROUSDT touched the support @ 0.35 (one of the outcomes validated) and resumed uptrend.
Resistance @ 0.42 held once on 20Mar, with it trading sideways for a bit, before breaching on 23Mar.
Currently in a short term ascending triangle, looking to test resistance at 0.456. Next resistance looking at 0.54 region.
Failure in breaching will see it drift towards 0.42 and 0.37.
Momentum is strong with MACD trending up though daily RSI oversold.
Resistance @ 0.42 held once on 20Mar, with it trading sideways for a bit, before breaching on 23Mar.
Currently in a short term ascending triangle, looking to test resistance at 0.456. Next resistance looking at 0.54 region.
Failure in breaching will see it drift towards 0.42 and 0.37.
Momentum is strong with MACD trending up though daily RSI oversold.
Comment:
currently coasting on top of the ascending support line, on route to 0.54 region. Waiting to see a failure of ascending support holding
