3 entry level point for the next cannabis bull run
Cronos Group had a strong uptrend and maintained it for about a year when there was a lot bullish speculation around cannabis as more states in the U.S. began to legalize the plant for recreational and medical use. There were huge estimations on the total worth of the market, however, an estimation on any market will come with errors, estimations on the size of...
This is where I think we are, closing in at the end of the ABCDE, ABC, ABCDE consolidation. If the chart holds, I am looking for the final E wave to bounce off the channel around the 8 USD mark, and from there, we begin impulse wave #1 of the next Elliot cycle.
CRON with increasing bear volume approaching major Daily support at 9.60. It will be a good trade to get in when Daily RSI will be oversold with D support. Major Investment in CRON was at 17 CAD.
Hello Traders, 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 has been on a horrible downfall over the past months. Looks like it could have found its bottom. On a technical basis looking for a trade to 14$
Painful ride down but expecting some buying in the 10-11 area.
Daily bull div on CRON, crushed earnings, at support and VRPR POC. 14 day calls, OTM price .15 with a delta of .18, have to take it
It's roughly $200 for each straddle with a 14 strike and expiration of Aug 30.
I believe we are at the bottom right now.
Don't get me wrong, overall I am bullish on this stock. Coming up, however, we are due for a correction from a market driven largely by news / media. Check the financials. Keep in mind everything from 1/28 -> on could be artificial movement due to Kramer calling it out on TV. I would expect quite a big profit taking coming up, wouldn't be surprised by a drop of...
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- 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...
Should head to 400s next over the next few years