All time high test is coming this week, but the hourly chart is very extended and needs a new hourly support to be established. The only resistance left from here is our all time high. CGC is in a similar pattern but hasn't yet broke, so we're watching for that potential tomorrow
Cron is likely to top out below resistance, watching for this pattern to continue to tighten with a break later this week or most likely next week
CRON is likely to form a lower high soon and come back to test a new level above recent daily support at 25.00. Watch for a close below the hourly 12 EMA and a break of low of the previous day
Potential 4hr lower high set Friday, watching for a break of those resistances or a pullback to test a new support above 25
CRON remains in a tightening and choppy 4hr range - if we can break bull on big volume we're looking back up at higher resistances and potentially testing our all time high. Bulls must defend $25.00 support from here
Bulls in full control of daily and hourly charts, on any hourly consolidation we would anticipate a higher low from the low of afternoon consolidation
CRON end of day bounce is weak after testing and holding support by just 20cents. Bulls need to prove it to us
Must hold level for the bulls to remain in full control is the support set at the low of the pullback this afternoon. Lose that level and daily consolidation will begin
CRON bulls hav e een happy the past few weeks but Friday's new All time high had little followthrough and should leave bulls cautious after a 70% bounce. Watch for Friday's low to hold, the break of which would signal consolidation is underway and bulls would then look to form a higher low and have another attempt at resistance.
Watching CRON consolidate on lo volume and breaking supports without much followthrough. Keep an eye on the potential for a gap fill on the daily chart
Watch CRON for a potential bear break of the hourly bear flag. Gap to fill on the daily chart from the investment announcement.
Nice setups on a few names heading into next week TGOD S: 3.16 R: 3.41 OGI S: 5.23 R: 5.65 HEXO: S: 5.65 R: 6.19 CRON: S: 7.70 R: 9.08
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