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 10/06/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.168071 USD

My targets

0.190667 USD (+8.40%)

0.204022 USD (+15.99%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CRYPTO.COM CHAIN TOKEN - CRO/USD as long as the price remains well above 0.168071 USD. The buyers' bullish objective is set at 0.190667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.204022 USD. If there is any crossing, the next objective would be the resistance located at 0.216100 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.3

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 0.175900 USD. On the day, this instrument lost -2.76% and was between 0.175900 USD and 0.182100 USD. This implies that the price is at 0% from its lowest and at -3.40% from its highest.

0.175900

0.182100

0.175900

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this CRYPTO.COM CHAIN TOKEN - CRO/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

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 under support 1

Type : Neutral

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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:

Near resistance of channel

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	0.130273	0.145300	0.168071	0.175900	0.190667	0.204022	0.216100
Change (%)	-25.94%	-17.40%	-4.45%	-	+8.40%	+15.99%	+22.85%
Change	-0.045627	-0.030600	-0.007829	-	+0.014767	+0.028122	+0.040200
Level	Intermediate	Major	Intermediate	-	Intermediate	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	0.169333	0.172167	0.176533	0.179367	0.183733	0.186567	0.190933
Camarilla	0.178920	0.179580	0.180240	0.180900	0.181560	0.182220	0.182880
Woodie	0.170100	0.172550	0.177300	0.179750	0.184500	0.186950	0.191700
Fibonacci	0.172167	0.174917	0.176616	0.179367	0.182117	0.183816	0.186567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.119333	0.131867	0.153033	0.165567	0.186733	0.199267	0.220433
Camarilla	0.164933	0.168022	0.171111	0.174200	0.177289	0.180378	0.183468
Woodie	0.123650	0.134025	0.157350	0.167725	0.191050	0.201425	0.224750
Fibonacci	0.131867	0.144740	0.152693	0.165567	0.178440	0.186393	0.199267

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.072867	0.108633	0.133467	0.169233	0.194067	0.229833	0.254667
Camarilla	0.141635	0.147190	0.152745	0.158300	0.163855	0.169410	0.174965
Woodie	0.067400	0.105900	0.128000	0.166500	0.188600	0.227100	0.249200
Fibonacci	0.108633	0.131783	0.146084	0.169233	0.192383	0.206684	0.229833

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):	54.43
MACD (12,26,9):	0.0021
Directional Movement:	3.100445
AROON (14):	28.571426
DEMA (21):	0.172023
Parabolic SAR (0,02-0,02-0,2):	0.149503
Elder Ray (13):	0.008171
Super Trend (3,10):	0.185013
Zig ZAG (10):	0.175900
VORTEX (21):	0.9749
Stochastique (14,3,5):	86.87
TEMA (21):	0.171251
Williams %R (14):	-19.44
Chande Momentum Oscillator (20):	0.016500
Repulse (5,40,3):	0.7544
ROCnROLL:	1
TRIX (15,9):	-0.0302
Courbe Coppock:	3.99

MA7:	0.175029
MA20:	0.168220
MA50:	0.167134
MA100:	0.145729
MAexp7:	0.174917
MAexp20:	0.169802
MAexp50:	0.163731
MAexp100:	0.154439
Price / MA7:	+0.50%
Price / MA20:	+4.57%
Price / MA50:	+5.24%
Price / MA100:	+20.70%
Price / MAexp7:	+0.56%
Price / MAexp20:	+3.59%
Price / MAexp50:	+7.43%
Price / MAexp100:	+13.90%

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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