Maybe a bit of a pullback although it looks like its about to pull through that supply zone like its barely there.
Somethings up. Price will be going up. If not immediately, at most by fib, which would make a nice cup and handle pattern for those who follow pattern analysis.
Supply looks light with candles pointing north.
(target practice)
$CRON Target 10.34 for 27.28%
Or next add level is at 5.97
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first...
As always, not financial advice, just being friendly. I went a little far with this triangle Idea. I saw an Idea posted with a Fibonacci retracement that lookes much cleaner @AmazinRaisin but I'm sticking with mine. Like if you agree with anything I said or comment or both.
I did a FIB retracement on this run up and price is right in the golden zone of .618 and .65. Also, It coincides with a demand zone where buyers should step in. On the Weekly RSI, there shows signs of hidden bullish divergence. With higher time frames, the higher the probability the hidden bull div will play out.
I think there is a head and shoulders formation is forming for CRON. I'd short it.
This is not trading advice. I'm new to this and wrong more often than right. Please don't listen to me.
I like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo.
DYODD
Cycle wave 3 underway. primary wave 2 not yet finished.
As long as CRON is above $9, it should go to $27 then $44 eventually.
No time scale given, this could take a year or two to play out. This is a mid-long term hold strategy.
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Simple ideas - No junk * Full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or like if want to send support * FX - STOCK - CRYPTO *
💡 CRON technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher...
Possible stop under C.
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, in this case RSI but other indicators can be used. Divergence is a concept that can allow a trader to see a possible reversal in the direction of price ahead of time. Generally, an indicator will move in...
