PERFECT three drives pattern setup w/ 1.27 fib. Looks like it will have a sucker's rally up to the high then dump on retest. Looks like there's no way daily RSI won't diverge at that point. Watching this one closely as it's a rare pattern.
CRON hourly chart broke resistance but bears smacked the price back down. Watching for another test of our 20.53ish level tomorrow potentially, given the weak close. This level is a zone of support, and is a 4x bottom on the daily now
Bulls are watching an hourly inverse head and shoulders pattern to give confirmation that $20.53 is our new daily higher low, after defending this level on four different days in the past couple of weeks.
CRON has lost the daily higher low pattern and resides in an hourly bear flag setup. If we get an aggressive push down tomorrow I'll start scouting for the potential of an hourly oversold bounce. In my opinion CRON is the reason the restof the sector had lacklustre continuation on their bounces from Friday
A couple of counts possibly leading us to the same place...up. Have not dove into the bearish count yet.There is a bear count.... Short term down..then long.
Looks like an ascending channel, and we got a higher low. So I assume we could go up again to test the upper channel resistance but volume is weak. A breakdown of both Meso & Trendline support could take us to 18 ish level.
CRON has a weaker daily candle than other major names int he sector, and has a weaker hourly setup than most other names as well. Surprising, as it's been a lead bull over the past couple of months
CRON hourly chart is a tightening range as bulls wait for the rest of the sector and the market to get it s bounce underway. Bulls are holding up very well and are well positioned for a move back to test our only two daily resistances if the market and the rest of the sector get a bounce going
CRON saw the anticipated hourly pullback to cool off RSI levels and backtested previous resistance as support. Key level support is the low of the day, and key resistance is the high of the afternoon bounce.
Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing...
CRON was downgraded to a hold earlier in the month because an analyst felt that the price action needed to cool off to prevent a bubble from forming. I'm seeing some smoke signals that the steam is beginning to build up again on this one. There's a very clear cup and handle going on here, and I don't think CRON has run its price too far up yet. I was holding...
Sharp gain followed by consolidation and accumulation, forming a bull flag. If price breaks $22, it may retest $25 ATH. If rejected at $22, it may retest $19.
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 STRONG again nice 5min pattern breakout.
Watch it reach his target in the A point in the next few days.
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