CRONOS - CRO/USD - 1H - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.518900 USD
My targets
0.547300 USD (+3.46%)
0.569833 USD (+7.72%)
My analysis
The bullish trend is currently very strong on CRYPTO.COM COIN - CRO/USD. As long as the price remains above the support at 0.518900 USD, you could try to benefit from the boom. The first bullish objective is located at 0.547300 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.569833 USD as an objective. Crossing it would then enable buyers to target 0.643800 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
0
10
8.4
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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
The CRYPTO.COM COIN - CRO/USD price is 0.529000 USD. On the day, this instrument gained +2.52% and was between 0.498300 USD and 0.537600 USD. This implies that the price is at +6.16% from its lowest and at -1.60% from its highest.0.498300
0.537600
0.529000
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CRYPTO.COM COIN - CRO/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.475100 | 0.500200 | 0.518900 | 0.529000 | 0.643800 | 0.889200 |
| Change (%) | -10.19% | -5.44% | -1.91% | - | +21.70% | +68.09% |
| Change | -0.053900 | -0.028800 | -0.010100 | - | +0.114800 | +0.360200 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major |
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 | 0.446500 | 0.462000 | 0.489000 | 0.504500 | 0.531500 | 0.547000 | 0.574000 |
| Camarilla | 0.504313 | 0.508208 | 0.512104 | 0.516000 | 0.519896 | 0.523792 | 0.527688 |
| Woodie | 0.452250 | 0.464875 | 0.494750 | 0.507375 | 0.537250 | 0.549875 | 0.579750 |
| Fibonacci | 0.462000 | 0.478235 | 0.488265 | 0.504500 | 0.520735 | 0.530765 | 0.547000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.334300 | 0.362800 | 0.405300 | 0.433800 | 0.476300 | 0.504800 | 0.547300 |
| Camarilla | 0.428275 | 0.434783 | 0.441292 | 0.447800 | 0.454308 | 0.460817 | 0.467325 |
| Woodie | 0.341300 | 0.366300 | 0.412300 | 0.437300 | 0.483300 | 0.508300 | 0.554300 |
| Fibonacci | 0.362800 | 0.389922 | 0.406678 | 0.433800 | 0.460922 | 0.477678 | 0.504800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043033 | 0.184467 | 0.306433 | 0.447867 | 0.569833 | 0.711267 | 0.833233 |
| Camarilla | 0.355965 | 0.380110 | 0.404255 | 0.428400 | 0.452545 | 0.476690 | 0.500835 |
| Woodie | 0.033300 | 0.179600 | 0.296700 | 0.443000 | 0.560100 | 0.706400 | 0.823500 |
| Fibonacci | 0.184467 | 0.285086 | 0.347248 | 0.447867 | 0.548486 | 0.610648 | 0.711267 |
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): | 59.35 | |
| MACD (12,26,9): | 0.0052 | |
| Directional Movement: | -2.455555 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.523075 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.534500 | |
| Elder Ray (13): | 0.006719 | |
| Super Trend (3,10): | 0.538098 | |
| Zig ZAG (10): | 0.531100 | |
| VORTEX (21): | 1.1001 | |
| Stochastique (14,3,5): | 51.73 | |
| TEMA (21): | 0.525074 | |
| Williams %R (14): | -8.01 | |
| Chande Momentum Oscillator (20): | 0.021100 | |
| Repulse (5,40,3): | 2.5179 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1563 | |
| Courbe Coppock: | 2.93 |
| MA7: | 0.481943 | |
| MA20: | 0.430050 | |
| MA50: | 0.479232 | |
| MA100: | 0.514885 | |
| MAexp7: | 0.521070 | |
| MAexp20: | 0.515636 | |
| MAexp50: | 0.506190 | |
| MAexp100: | 0.492189 | |
| Price / MA7: | +9.76% | |
| Price / MA20: | +23.01% | |
| Price / MA50: | +10.38% | |
| Price / MA100: | +2.74% | |
| Price / MAexp7: | +1.52% | |
| Price / MAexp20: | +2.59% | |
| Price / MAexp50: | +4.51% | |
| Price / MAexp100: | +7.48% |
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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