CRONOS - CRO/USD - 1H - Technical analysis published on 04/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.068252 USD
My targets
0.067080 USD (-0.99%)
0.063079 USD (-6.89%)
My analysis
CRONOS - CRO/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.068252 USD. The next support located at 0.067080 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.063079 USD. Below this support, sellers could then target 0.055267 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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Additional analysis
Quotes
CRONOS - CRO/USD rating 0.067750 USD. On the day, this instrument lost -0.18% and was traded between 0.067730 USD and 0.070300 USD over the period. The price is currently at +0.03% from its lowest and -3.63% from its highest.0.067730
0.070300
0.067750
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CRONOS - CRO/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. 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 : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.055267 | 0.063079 | 0.067080 | 0.067750 | 0.068252 | 0.069279 | 0.070140 |
| Change (%) | -18.43% | -6.89% | -0.99% | - | +0.74% | +2.26% | +3.53% |
| Change | -0.012483 | -0.004671 | -0.000670 | - | +0.000502 | +0.001529 | +0.002390 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 0.060203 | 0.063997 | 0.065933 | 0.069727 | 0.071663 | 0.075457 | 0.077393 |
| Camarilla | 0.066294 | 0.066820 | 0.067345 | 0.067870 | 0.068395 | 0.068921 | 0.069446 |
| Woodie | 0.059275 | 0.063533 | 0.065005 | 0.069263 | 0.070735 | 0.074993 | 0.076465 |
| Fibonacci | 0.063997 | 0.066186 | 0.067538 | 0.069727 | 0.071916 | 0.073268 | 0.075457 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.063613 | 0.065347 | 0.068293 | 0.070027 | 0.072973 | 0.074707 | 0.077653 |
| Camarilla | 0.069953 | 0.070382 | 0.070811 | 0.071240 | 0.071669 | 0.072098 | 0.072527 |
| Woodie | 0.064220 | 0.065650 | 0.068900 | 0.070330 | 0.073580 | 0.075010 | 0.078260 |
| Fibonacci | 0.065347 | 0.067134 | 0.068239 | 0.070027 | 0.071814 | 0.072919 | 0.074707 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039233 | 0.049667 | 0.059233 | 0.069667 | 0.079233 | 0.089667 | 0.099233 |
| Camarilla | 0.063300 | 0.065133 | 0.066967 | 0.068800 | 0.070633 | 0.072467 | 0.074300 |
| Woodie | 0.038800 | 0.049450 | 0.058800 | 0.069450 | 0.078800 | 0.089450 | 0.098800 |
| Fibonacci | 0.049667 | 0.057307 | 0.062027 | 0.069667 | 0.077307 | 0.082027 | 0.089667 |
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): | 36.59 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -20.320270 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.068495 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.069954 | |
| Elder Ray (13): | -0.000839 | |
| Super Trend (3,10): | 0.069566 | |
| Zig ZAG (10): | 0.067860 | |
| VORTEX (21): | 0.8669 | |
| Stochastique (14,3,5): | 16.42 | |
| TEMA (21): | 0.068513 | |
| Williams %R (14): | -98.81 | |
| Chande Momentum Oscillator (20): | -0.001200 | |
| Repulse (5,40,3): | -1.8949 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0765 | |
| Courbe Coppock: | 0.44 |
| MA7: | 0.070419 | |
| MA20: | 0.069280 | |
| MA50: | 0.069587 | |
| MA100: | 0.073024 | |
| MAexp7: | 0.068687 | |
| MAexp20: | 0.069053 | |
| MAexp50: | 0.069761 | |
| MAexp100: | 0.070226 | |
| Price / MA7: | -3.79% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | -7.22% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -1.89% | |
| Price / MAexp50: | -2.88% | |
| Price / MAexp100: | -3.53% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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