CRON Flag BreakoutCRON is now breaking out of it long term flag pattern. The 9,20 and 50 day moving averages are converging nicely under the price action. The long term consolidation pattern within the flag will lead to more momentum behind a breakout. Looking for a potential 10-13% move before it runs into upper resistance range. Earnings are released August 8th, will want to sell before that point regardless of profit target being reached or not.Longby BBTrader29Updated 3
Wait!I am not betting for this stock to drop nor in favor of it going up. With the MACD appeared to be seemingly showing signs that it wants to go Bull. It is not good enough. The news might be saying good stuff about CRONOs, but the Canadian cannabis market is a disaster. With the stock trading between the range and close to earnings report. Unless the earnings report is super positive, I don't see any reason for this stock to raise. Only chance for a buy in my opinion: 1/ MACD showing clear signs of bullish momentum. 2/ Positive earnings report. 3/ Breakout of resistance level. Until then, keep waiting. :Pby TradingCow4
CRON .. you are high...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... GLShortby dee718335
CRON . BTC's ugly step brother...(TGT practice)Downtrend. TR hovering IVO (in vicinity of) FIB re-trace... looking for volume reactions at the edges... better volume detail using the 15 or 5 minute. GL Shortby dee7185
[Idea] CRON longThis is similar to the NIO chart I just posted, except on a much larger daily timeframe. We can see that it's basing over a support level, and moving averages compressing. As a major bonus, analyst at Hedgeye likes it: app.hedgeye.com I will probably look for a position soon.by tangman3
Long on CRON after bounce off trend lineNASDAQ:CRON Illinois recently made huge progress by being the first to legalize marijuana through state legislation. I think this is going to be the turning point for legalization across the United States, and potentially even federal legalization sometime in the next couple years. The whole gay marriage thing did something similar a few years back, and I think we're going to see the same thing here. Slow progress, sudden progress. CRON just bounced off a trend line, and is heading towards a trend confirmation line. It may retest this lower trend line, but it will do so with a higher low. I believe we'll see this gain the 63% back to retest highs before breaking through on to new highs. This 2 year uptrend is mighty convincing. I think this is a great entry for a long.Longby pobudzUpdated 110
CRON weak bounce, watch the hourly uptrendPotential daily bear flag on CRON, If we reject from breaking the high of the previous day and lose the hourly uptrend, that will signal a search for a new daily support. If this happens tomorrow that increases the likelihood of the daily bear flag playing out04:10by McGuireTO4
quick flip 13 to 15I think this thing will take a dip under 13 this week on the H&S. Buy it at the convergence of the H&S target, bottom of schiff channel, support from top of wave 2, and bottom of falling wedge. If you're buying options I'd just as soon take profit or sell covered short term calls when it bounces to the top of the wedge, I think it'll consolidate at best for the next month around the .618 retrace so why burn premium? Long term holders may wanna just hold it until it either breaks out or dump it on a breakdown past 12.50. Could it be a $30 stock before the end of the year? Yea sure, but I'd rather wait for technical confirmation and/or a legit fundamental catalyst.Longby chinawildmanUpdated 773
CRON - Elliott Wave Count - Sideways 4th Wave Correction7/7 Current in W(IV) on the Weekly timeframe - Yellow count is invalidated if W(IV) drops below W(I) at 13.95. - White count is invalidated if W(IV) drops below W(I) at 11.90.by dencor2
$cronFolks, I have to be honest. Canada is in a major repricing of their rated Euro Bonds and especially their currency. I would not imagine it to last much longer. When the tweets start.. Then buckle your seatbelts. We could continue to drop. This Stock ESPECIALLY. This stock trades directly to the Canadian Dollar. Yes. Cronos Group Hlds Ltd is a Public company in Canada. NOT the USA. I would Expect to See a retest of previous June Lows of around the 13 Handle. I personally am not a buyer again until the 5's range. Thats right. 5.37. This Price would be indicative of a CADUSD rate of 1.27 Very low indeed. I have sold Calls against all my shares for income generation. Profits are in the 2 to 5 percent every month. Some of you own puts. #goodput Shortby stockischeap113
cron update 19jun2019 @cryptokneeupdating long term... biggest taint tickle comes from seeing these long term charts have reactions to analysis done days,weeks,months ago... the tickle is prolly hindsight kicking me in my taint. Dat bottom right channel doe!by CryptoKnee2
CRON adding channel for long scenarioI've add some lines for a developing channel. There's a gap to fill right below the current price at ~$14.50. It could fill and still maintain the trend and added channel. Best case scenario, it closes with a hard bounce early AM. If it loses $14, however, I'll likely assume the short scenario. Disclaimer: This is my own speculative opinion and is not financial advice.by spyder39095
CRON update... pivot point, more bullish than bearishUpdating my thoughts on my previous idea about a CRON when it exited the downward wedge for a possible breakout. The first two days looked promising, but since it has not been at all positive for CRON or SPY . I'm adding some expanded possible influences in this view to try and get a better understanding of the next possible move. There's a combination of different supports just below CRON's current level. The 200MA (as well as the 100MA) have been very influential in the past year, causing several hard bounces and consolidation periods before significant moves. There also seems to have been a hard fought battle with the $13-14 area in recent past that suggests it may not give it up easily. My best estimate for where the 100 and 200MAs could track in the bullish scenario have been added with hashed lines, as this influences my projected path in the "bullish" scenario. Beyond the 100MA, I expect there would be a significant battle with the > $22 area if it makes it there. That said, if it does give up $13-14 in my "bearish" scenario, I don't see any reason why this wouldn't continue it's downtrend to around $10 as it seemed to fight with this area for ~4 months last year. My plan is to hold long for a possible double-bottom off long-term support + 200MA as I am more bullish , than bearish . However, if it loses the $13-14 level, I would turn bearish and look for a trade target of $10-11. Disclaimer: This is my own speculative opinion and should not be considered financial advice.Longby spyder3909Updated 2