CRONOS - CRO/USD - 1H - Technical analysis published on 08/30/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.158700 USD
My targets
0.153000 USD (-1.61%)
0.149800 USD (-3.67%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CRYPTO.COM CHAIN TOKEN - CRO/USD as long as the price remains well below 0.158700 USD. The sellers' bearish objective is set at 0.153000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.149800 USD. In case of crossing, the next objective would be the support located at 0.146700 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
0
10
4.5
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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
The CRYPTO.COM CHAIN TOKEN - CRO/USD rating is 0.155500 USD. The price registered a decrease of -2.81% on the session and was between 0.154700 USD and 0.160000 USD. This implies that the price is at +0.52% from its lowest and at -2.81% from its highest.0.154700
0.160000
0.155500
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CRYPTO.COM CHAIN TOKEN - CRO/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.149800 | 0.153000 | 0.155400 | 0.155500 | 0.158700 | 0.162300 | 0.164200 |
| Change (%) | -3.67% | -1.61% | -0.06% | - | +2.06% | +4.37% | +5.59% |
| Change | -0.005700 | -0.002500 | -0.000100 | - | +0.003200 | +0.006800 | +0.008700 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.150367 | 0.152533 | 0.156267 | 0.158433 | 0.162167 | 0.164333 | 0.168067 |
| Camarilla | 0.158378 | 0.158918 | 0.159459 | 0.160000 | 0.160541 | 0.161082 | 0.161623 |
| Woodie | 0.151150 | 0.152925 | 0.157050 | 0.158825 | 0.162950 | 0.164725 | 0.168850 |
| Fibonacci | 0.152533 | 0.154787 | 0.156180 | 0.158433 | 0.160687 | 0.162080 | 0.164333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.129500 | 0.138100 | 0.147000 | 0.155600 | 0.164500 | 0.173100 | 0.182000 |
| Camarilla | 0.151088 | 0.152692 | 0.154296 | 0.155900 | 0.157504 | 0.159108 | 0.160713 |
| Woodie | 0.129650 | 0.138175 | 0.147150 | 0.155675 | 0.164650 | 0.173175 | 0.182150 |
| Fibonacci | 0.138100 | 0.144785 | 0.148915 | 0.155600 | 0.162285 | 0.166415 | 0.173100 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.076233 | 0.087187 | 0.108393 | 0.119347 | 0.140553 | 0.151507 | 0.172713 |
| Camarilla | 0.120756 | 0.123704 | 0.126652 | 0.129600 | 0.132548 | 0.135496 | 0.138444 |
| Woodie | 0.081360 | 0.089750 | 0.113520 | 0.121910 | 0.145680 | 0.154070 | 0.177840 |
| Fibonacci | 0.087187 | 0.099472 | 0.107062 | 0.119347 | 0.131632 | 0.139222 | 0.151507 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.28 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.278957 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.157617 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.160004 | |
| Elder Ray (13): | -0.002025 | |
| Super Trend (3,10): | 0.158965 | |
| Zig ZAG (10): | 0.155600 | |
| VORTEX (21): | 0.8462 | |
| Stochastique (14,3,5): | 5.30 | |
| TEMA (21): | 0.157093 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.002400 | |
| Repulse (5,40,3): | -1.1304 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0471 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.155429 | |
| MA20: | 0.151455 | |
| MA50: | 0.133640 | |
| MA100: | 0.124124 | |
| MAexp7: | 0.156882 | |
| MAexp20: | 0.157376 | |
| MAexp50: | 0.156556 | |
| MAexp100: | 0.155537 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +2.67% | |
| Price / MA50: | +16.36% | |
| Price / MA100: | +25.28% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.19% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
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Cryptocompare
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