Cronos (CRO) - Bullish divergence

Sep 8, 2023

On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.

3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.

4) The macro bull flag forecasts a first wave target of 30 cents.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%

Sep 8, 2023

Trade active

Oct 1, 2023

Note

Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.

Oct 21, 2023

Trade active

support confirmed

Oct 26, 2023

Trade active

GRM support has now confirmed

Nov 7, 2023

Note

45% so far

Nov 9, 2023

Note

possible swing trade, is overbought

Daily

Nov 20, 2023

Note

100% in a little over two months.

Nov 22, 2023

Note

140%.

A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.

2-day chart

Jun 20, 2024

Trade active

Never a false signal in 2 years. That is amazing.

Aug 8, 2024

Trade active

wink wink nudge nudge

Nov 11, 2024

Trade closed: target reached

300%

Aug 27

Note

50 cents is likely to be strong resistance, it was where market structure previously broke. Look left.