Hello you beautiful trader you!
Copied the Elliot wave forward and outlined some long term channels. Excess bleeds to either side, but here's to hopium eh?!
This is until crypto either depegs from the US Stock Market or BTC finds a functional bottom.
As I mentioned in my $ALGO spot buy, the 50 MA also crossed the 200 MA what could lead to a bullish sentiment. At the right side of the chart you see the VWAP indicator. The big candles stands for the volume at that price range, at that price range I searched for S/R levels.
If we flip the first higher low (green cup drawing) I believe the uptrend will follow...
The CRO boys couldn't find a sporting event they didn't want to sponsor during 2021, but the main news that moved the needle was the Stables Center name change that saw CRO get the green light for launch from the moonboys. Since then all markets have really struggled during early 2022 and CRO has slowly come back down to earth. The gentle landing indicates to me...
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(CROUSD 1D Chart)
To turn into an uptrend, it must rise above the 0.4608-0.4802 section.
Therefore, the interval 0.4608-0.4802 is an important interval.
Below 0.3645, it is likely to enter the...
Rising Wedge abt 75% to apex
Decreasing Weis Wave Volume
Volume Profile Resistance unbroken
Increasing Downward Velocity
MACD Signal Down
Short and Long Term MFI Down
Price Object back to longer term trendline
Cronos is making gains lately and with having reached the indicated target zones, direct increases are more than possible. However, until the price is not above $0.3463, the course has the potential to reach lower levels within the blue target zone, before exploding up north.
CROUSD chart on left, CROBTC chart on right
The USD pair can be seen to be touching the top of the channel, this provides a possible bounce and recovery point
While the BTC pair has poised itself right in the middle of a seemingly triangle structure, which has some fair supports (shown in the green box and along the white line)