Good day, fellow traders,
Above the weekly chart for Cronos, position wise it looks like a bullish reversal is possible.
Looking at the daily chart we see further signals for a bullish continuation. We had decent sideways consolidation, with MACD and RSI showing plenty of room for upwards pressure.
The current entry is riskier because of the position within the structure, where rejection is always possible. Either wait for a pullback or trade the breakout. Obviously, market maker BTC can influence the momentum.
The fib 1 level of the a,b,c extensions should be the minimal target possibility.
having said that, you never see the order book so always confirm with your own research
Goodluck and have a nice day,
The Donkey:)
Above the weekly chart for Cronos, position wise it looks like a bullish reversal is possible.
Looking at the daily chart we see further signals for a bullish continuation. We had decent sideways consolidation, with MACD and RSI showing plenty of room for upwards pressure.
The current entry is riskier because of the position within the structure, where rejection is always possible. Either wait for a pullback or trade the breakout. Obviously, market maker BTC can influence the momentum.
The fib 1 level of the a,b,c extensions should be the minimal target possibility.
having said that, you never see the order book so always confirm with your own research
Goodluck and have a nice day,
The Donkey:)