Hello, welcome to this CRO/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Cronos (CRO) continued to move away from a recent three-month low on Friday, after rising for a second straight session.
After trading at a bottom of 0.05072 on Thursday, CRO/USD surged to a peak of 0.05291 earlier in the day.
This move comes as Cronos bulls managed to avoid a full breakout...
Hello everyone, let's take a look at the 1H CRO to USDT chart as you can see the price is moving below the local uptrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 0.1548
T2 = $ 0.1555
T3 = $ 0.1560
T4 = $ 0.1566
and
T5 = $ 0.1573
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.1541
SL2...
As displayed in the chart, CROUSDT has maintained a downward channel for some days.
It has also shown a sign of sell as it touched the resistance channel and created a lower low.
I will go short on CROUSDT and my TP will be at 0.5151
CRO 1H support is at ~$0.46
Enter 50% here
and try to set some buy orders near the support zone
If CRO holds above the trendline,
the Take-Profit target would be $0.506, $0.552, and $0.644
Cheers
Technical: Bearish Rising Wedge Pattern cycle has completed and bearish price action is taking place at the point of writing. From our analysis, we believe CRO will be facing a strong pullback, and depending on the market sentiment and the Bulls holding power for CRO we can expect to at least hit first range of support @$0.095 range where second Major Support will...
If Long Term Resistance Line cannot be broken we can see a strong pullback in the coming future with Stoch RSI and other Indicators at the peak of Oversold Level. Yellow Drawing is to show Mild Pullback towards Fibonacci Middle Band Support Line ranging around $0.1 USD and the Major Pullback from Orange Drawing @0.052 USD will be at a crucial support line to...
