CRONOS - CRO/USD - 1H - Technical analysis published on 08/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.126420 USD
My targets
0.130217 USD (+1.81%)
0.139100 USD (+8.76%)
My analysis
The basic bullish trend is very strong on CRYPTO.COM CHAIN TOKEN - CRO/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.126420 USD. Crossing the first resistance at 0.130217 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.139100 USD as an objective. Crossing it would then enable buyers to target 0.167500 USD. Caution, a return to below 0.126420 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CRYPTO.COM CHAIN TOKEN - CRO/USD rating 0.127900 USD. The price registered a decrease of -1.62% on the session and was traded between 0.126500 USD and 0.129900 USD over the period. The price is currently at +1.11% from its lowest and -1.54% from its highest.0.126500
0.129900
0.127900
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CRYPTO.COM CHAIN TOKEN - CRO/USD:
Technical
A technical analysis in 1H of this CRYPTO.COM CHAIN TOKEN - CRO/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.121180 | 0.123350 | 0.126420 | 0.127900 | 0.130217 | 0.139100 | 0.167500 |
| Change (%) | -5.25% | -3.56% | -1.16% | - | +1.81% | +8.76% | +30.96% |
| Change | -0.006720 | -0.004550 | -0.001480 | - | +0.002317 | +0.011200 | +0.039600 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.111733 | 0.115267 | 0.120933 | 0.124467 | 0.130133 | 0.133667 | 0.139333 |
| Camarilla | 0.124070 | 0.124913 | 0.125757 | 0.126600 | 0.127443 | 0.128287 | 0.129130 |
| Woodie | 0.112800 | 0.115800 | 0.122000 | 0.125000 | 0.131200 | 0.134200 | 0.140400 |
| Fibonacci | 0.115267 | 0.118781 | 0.120952 | 0.124467 | 0.127981 | 0.130152 | 0.133667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.100000 | 0.106200 | 0.117900 | 0.124100 | 0.135800 | 0.142000 | 0.153700 |
| Camarilla | 0.124678 | 0.126318 | 0.127959 | 0.129600 | 0.131241 | 0.132882 | 0.134523 |
| Woodie | 0.102750 | 0.107575 | 0.120650 | 0.125475 | 0.138550 | 0.143375 | 0.156450 |
| Fibonacci | 0.106200 | 0.113038 | 0.117262 | 0.124100 | 0.130938 | 0.135162 | 0.142000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.074900 | 0.086520 | 0.108060 | 0.119680 | 0.141220 | 0.152840 | 0.174380 |
| Camarilla | 0.120481 | 0.123521 | 0.126560 | 0.129600 | 0.132640 | 0.135679 | 0.138719 |
| Woodie | 0.079860 | 0.089000 | 0.113020 | 0.122160 | 0.146180 | 0.155320 | 0.179340 |
| Fibonacci | 0.086520 | 0.099187 | 0.107013 | 0.119680 | 0.132347 | 0.140173 | 0.152840 |
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): | 53.12 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 3.525726 | |
| AROON (14): | -71.428574 | |
| DEMA (21): | 0.128186 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.128832 | |
| Elder Ray (13): | 0.000283 | |
| Super Trend (3,10): | 0.122097 | |
| Zig ZAG (10): | 0.128000 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 74.67 | |
| TEMA (21): | 0.127893 | |
| Williams %R (14): | -20.73 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 0.2737 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0933 | |
| Courbe Coppock: | 1.30 |
| MA7: | 0.125786 | |
| MA20: | 0.118045 | |
| MA50: | 0.114110 | |
| MA100: | 0.127980 | |
| MAexp7: | 0.127632 | |
| MAexp20: | 0.127279 | |
| MAexp50: | 0.125871 | |
| MAexp100: | 0.124874 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +8.35% | |
| Price / MA50: | +12.08% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +2.42% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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