CRONOS - CRO/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CROUSD
ISIN:

CRONOS - CRO/USD - Daily - Technical analysis published on 04/15/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.216100 USD

My targets

0.259000 USD (+9.10%)

0.310400 USD (+30.75%)

My analysis

CRYPTO.COM CHAIN TOKEN - CRO/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.216100 USD. The next resistance located at 0.259000 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.310400 USD. After this resistance, buyers could then target 0.373100 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CRYPTO.COM CHAIN TOKEN - CRO/USD price is 0.237400 USD. On the day, this instrument lost -1.29% with the lowest point at 0.231300 USD and the highest point at 0.240400 USD. The deviation from the price is +2.64% for the low point and -1.25% for the high point.

0.231300

0.240400

0.237400

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CRYPTO.COM CHAIN TOKEN - CRO/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.156680	0.187100	0.216100	0.237400	0.239900
Change (%)	-34.00%	-21.19%	-8.97%	-	+1.05%
Change	-0.080720	-0.050300	-0.021300	-	+0.002500
Level	Minor	Intermediate	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.210500	0.216700	0.228600	0.234800	0.246700	0.252900	0.264800
Camarilla	0.235523	0.237182	0.238841	0.240500	0.242159	0.243818	0.245478
Woodie	0.213350	0.218125	0.231450	0.236225	0.249550	0.254325	0.267650
Fibonacci	0.216700	0.223614	0.227886	0.234800	0.241714	0.245986	0.252900

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.142400	0.161700	0.187300	0.206600	0.232200	0.251500	0.277100
Camarilla	0.200553	0.204668	0.208784	0.212900	0.217016	0.221132	0.225248
Woodie	0.145550	0.163275	0.190450	0.208175	0.235350	0.253075	0.280250
Fibonacci	0.161700	0.178852	0.189448	0.206600	0.223752	0.234348	0.251500

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.030800	0.082200	0.144900	0.196300	0.259000	0.310400	0.373100
Camarilla	0.176223	0.186682	0.197141	0.207600	0.218059	0.228518	0.238978
Woodie	0.036450	0.085025	0.150550	0.199125	0.264650	0.313225	0.378750
Fibonacci	0.082200	0.125786	0.152714	0.196300	0.239886	0.266814	0.310400

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.88
MACD (12,26,9):	0.0099
Directional Movement:	13.618687
AROON (14):	42.857140
DEMA (21):	0.225752
Parabolic SAR (0,02-0,02-0,2):	0.182200
Elder Ray (13):	0.018531
Super Trend (3,10):	0.187446
Zig ZAG (10):	0.237400
VORTEX (21):	1.0630
Stochastique (14,3,5):	95.74
TEMA (21):	0.223415
Williams %R (14):	-6.17
Chande Momentum Oscillator (20):	0.022500
Repulse (5,40,3):	9.0295
ROCnROLL:	1
TRIX (15,9):	0.5738
Courbe Coppock:	12.40

MA7:	0.219671
MA20:	0.211465
MA50:	0.191688
MA100:	0.138016
MAexp7:	0.223544
MAexp20:	0.212524
MAexp50:	0.188382
MAexp100:	0.157727
Price / MA7:	+8.07%
Price / MA20:	+12.26%
Price / MA50:	+23.85%
Price / MA100:	+72.01%
Price / MAexp7:	+6.20%
Price / MAexp20:	+11.71%
Price / MAexp50:	+26.02%
Price / MAexp100:	+50.51%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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