CRONOS - CRO/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	CROUSD
ISIN:

CRONOS - CRO/USD - Daily - Technical analysis published on 05/13/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.167160 USD

My targets

0.134700 USD (-14.48%)

0.085233 USD (-45.88%)

My analysis

CRYPTO.COM CHAIN TOKEN - CRO/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.167160 USD. The next support located at 0.134700 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.085233 USD. Below this support, sellers could then target 0.082277 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.5

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 rating is 0.157500 USD. On the day, this instrument gained +3.08% and was between 0.144100 USD and 0.165100 USD. This implies that the price is at +9.30% from its lowest and at -4.60% from its highest.

0.144100

0.165100

0.157500

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CRYPTO.COM CHAIN TOKEN - CRO/USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.065199	0.082277	0.134700	0.157500	0.167160	0.196278	0.227800
Change (%)	-58.60%	-47.76%	-14.48%	-	+6.13%	+24.62%	+44.63%
Change	-0.092301	-0.075223	-0.022800	-	+0.009660	+0.038778	+0.070300
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.118533	0.135667	0.144233	0.161367	0.169933	0.187067	0.195633
Camarilla	0.145733	0.148088	0.150444	0.152800	0.155156	0.157512	0.159868
Woodie	0.114250	0.133525	0.139950	0.159225	0.165650	0.184925	0.191350
Fibonacci	0.135667	0.145484	0.151549	0.161367	0.171184	0.177249	0.187067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.137600	0.151200	0.166800	0.180400	0.196000	0.209600	0.225200
Camarilla	0.174370	0.177047	0.179723	0.182400	0.185077	0.187753	0.190430
Woodie	0.138600	0.151700	0.167800	0.180900	0.197000	0.210100	0.226200
Fibonacci	0.151200	0.162354	0.169246	0.180400	0.191554	0.198446	0.209600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.030667	0.085233	0.140767	0.195333	0.250867	0.305433	0.360967
Camarilla	0.166023	0.176115	0.186208	0.196300	0.206393	0.216485	0.226578
Woodie	0.031150	0.085475	0.141250	0.195575	0.251350	0.305675	0.361450
Fibonacci	0.085233	0.127292	0.153275	0.195333	0.237392	0.263375	0.305433

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.04
MACD (12,26,9):	-0.0093
Directional Movement:	-18.811183
AROON (14):	-85.714286
DEMA (21):	0.167456
Parabolic SAR (0,02-0,02-0,2):	0.193442
Elder Ray (13):	-0.018837
Super Trend (3,10):	0.208277
Zig ZAG (10):	0.157300
VORTEX (21):	0.9095
Stochastique (14,3,5):	25.68
TEMA (21):	0.160791
Williams %R (14):	-75.28
Chande Momentum Oscillator (20):	-0.035500
Repulse (5,40,3):	-10.1073
ROCnROLL:	2
TRIX (15,9):	-0.5445
Courbe Coppock:	16.71

MA7:	0.170114
MA20:	0.178795
MA50:	0.196700
MA100:	0.170899
MAexp7:	0.167099
MAexp20:	0.178666
MAexp50:	0.184118
MAexp100:	0.169488
Price / MA7:	-7.42%
Price / MA20:	-11.91%
Price / MA50:	-19.93%
Price / MA100:	-7.84%
Price / MAexp7:	-5.74%
Price / MAexp20:	-11.85%
Price / MAexp50:	-14.46%
Price / MAexp100:	-7.07%

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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