CRONOS - CRO/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	CROUSD
ISIN:

CRONOS - CRO/USD - Daily - Technical analysis published on 03/01/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 0.444033 USD

My targets

0.342267 USD (-21.75%)

0.245133 USD (-43.96%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.444033 USD remains possible. It is advisable to trade CRONOS - CRO/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.444033 USD. The next bearish objective for sellers is set at 0.342267 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.245133 USD. In case of crossing, the next objective would be the support located at 0.243100 USD. PS: if there is a bullish break in the resistance located at 0.444033 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.7

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

CRONOS - CRO/USD rating 0.437400 USD. The price is lower by -0.46% since the last closing and was between 0.430000 USD and 0.451200 USD. This implies that the price is at +1.72% from its lowest and at -3.06% from its highest.

0.430000

0.451200

0.437400

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this CRONOS - CRO/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.057635	0.243100	0.337700	0.437400	0.440650	0.516000	0.643800
Change (%)	-86.82%	-44.42%	-22.79%	-	+0.74%	+17.97%	+47.19%
Change	-0.379765	-0.194300	-0.099700	-	+0.003250	+0.078600	+0.206400
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.348867	0.369933	0.404667	0.425733	0.460467	0.481533	0.516267
Camarilla	0.424055	0.429170	0.434285	0.439400	0.444515	0.449630	0.454745
Woodie	0.355700	0.373350	0.411500	0.429150	0.467300	0.484950	0.523100
Fibonacci	0.369933	0.391249	0.404418	0.425733	0.447049	0.460218	0.481533

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.268100	0.307500	0.360800	0.400200	0.453500	0.492900	0.546200
Camarilla	0.388608	0.397105	0.405603	0.414100	0.422598	0.431095	0.439593
Woodie	0.275050	0.310975	0.367750	0.403675	0.460450	0.496375	0.553150
Fibonacci	0.307500	0.342911	0.364789	0.400200	0.435611	0.457489	0.492900

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.143367	0.245133	0.342267	0.444033	0.541167	0.642933	0.740067
Camarilla	0.384703	0.402935	0.421168	0.439400	0.457633	0.475865	0.494098
Woodie	0.141050	0.243975	0.339950	0.442875	0.538850	0.641775	0.737750
Fibonacci	0.245133	0.321113	0.368054	0.444033	0.520013	0.566954	0.642933

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):	51.03
MACD (12,26,9):	-0.0100
Directional Movement:	-7.263225
AROON (14):	-64.285714
DEMA (21):	0.417447
Parabolic SAR (0,02-0,02-0,2):	0.348898
Elder Ray (13):	0.015653
Super Trend (3,10):	0.490778
Zig ZAG (10):	0.441000
VORTEX (21):	0.9417
Stochastique (14,3,5):	50.88
TEMA (21):	0.415073
Williams %R (14):	-37.09
Chande Momentum Oscillator (20):	0.009900
Repulse (5,40,3):	5.9298
ROCnROLL:	-1
TRIX (15,9):	-0.2913
Courbe Coppock:	25.99

MA7:	0.413700
MA20:	0.440810
MA50:	0.436122
MA100:	0.517973
MAexp7:	0.421618
MAexp20:	0.430306
MAexp50:	0.447732
MAexp100:	0.444003
Price / MA7:	+5.73%
Price / MA20:	-0.77%
Price / MA50:	+0.29%
Price / MA100:	-15.56%
Price / MAexp7:	+3.74%
Price / MAexp20:	+1.65%
Price / MAexp50:	-2.31%
Price / MAexp100:	-1.49%

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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