Impuse to that 1300-1320 zone! High probability of reaching the 1.2 FIB level
Shortterm I expect an impulsive action to about 9-12 cents that should be an shake out in the 4th wave and after that the ending descending impulse to that 2-3 cents!
Weakness in candlesticks and bearish divergences in 1 hTF
Technical analysis and Waves! Some FIB for the entry and exit
Weekly TF bullish divergence could even take as arround that 10 cents levels again!
Better explanation of my idea of the Cronos Bullush sentiment! It seem the acumulation is still in!
After all this FUD of Crypto.com that was totally unbased and spread by CZ and his usefull idiots across the globe ( in my humble opinion), Cronos keeps building and it seems to me that we are staying in a big accomulational phase! The macro environment still not very healthy so it could take some time, thou!
After the crash of the market bacause of Alameda and FTX I rebild the drawings and the possible figure it's even more beautiful!
With the uncertanty in the markets some ALTCOINS are experiencing a pretty good growth! Here an idea of a POSSIBLE Inverted Head & Shoulders formation with the explanation of the growth! The figure is not formed still and we need to see the complete formation of the right shoulder!
As FED raised fear of economical decline we can go visit the 300 Weeks MA and hopefully start the accomulation phase there!
Let's see if crofam can brake 0'20 resistance! If Bitcoin stay calm Cronos could see a 10-15% increase!