Welcome back to another chart, Today’s chart will be on the MJ sector – CRON
Points to consider,
- Price is trending bullish up retest of trend line
- Local resistance a .618 Fibonacci Line
- RSI coming into apex
- Stochs testing resistance
- EMA’s giving price resistance at current given time
- Volume is well below average
- VPVR, showing...
- CRON had a 300% increase in price between 2018-2019
- Followed by a seemingly healthy technical correction reaching the 618 Fib level
- Now, price has attempted to break that level twice, and failed
- On RSI, trend-line was broken and new higher low formed
- It has also formed a textbook bullish candlestick pattern on second...
I have to go with what the chart says here.
I do not see any evidence of positioning
No high volume reactions in the low ground.. or very limited..
I would contend that this is still bearish and needs news or something to get it some life... of maybe all the capital moved back to crypto? Its almost as if the money goes back and forth...