CRONOS - CRO/USD - 1H - Technical analysis published on 08/08/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.058347 USD
My targets
0.057290 USD (-0.64%)
0.053585 USD (-7.07%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CRONOS - CRO/USD. As long as you are under the resistance located at 0.058347 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.057290 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.053585 USD as an objective. If the resistance 0.058347 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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Additional analysis
Quotes
CRONOS - CRO/USD rating 0.057660 USD. On the day, this instrument lost -0.04% and was between 0.057370 USD and 0.058010 USD. This implies that the price is at +0.51% from its lowest and at -0.60% from its highest.0.057370
0.058010
0.057660
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CRONOS - CRO/USD in 1H shows an overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.053585 | 0.057290 | 0.057647 | 0.057660 | 0.058347 | 0.058556 | 0.059044 |
| Change (%) | -7.07% | -0.64% | -0.02% | - | +1.19% | +1.55% | +2.40% |
| Change | -0.004075 | -0.000370 | -0.000013 | - | +0.000687 | +0.000896 | +0.001384 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056010 | 0.056700 | 0.057190 | 0.057880 | 0.058370 | 0.059060 | 0.059550 |
| Camarilla | 0.057356 | 0.057464 | 0.057572 | 0.057680 | 0.057788 | 0.057896 | 0.058005 |
| Woodie | 0.055910 | 0.056650 | 0.057090 | 0.057830 | 0.058270 | 0.059010 | 0.059450 |
| Fibonacci | 0.056700 | 0.057151 | 0.057429 | 0.057880 | 0.058331 | 0.058609 | 0.059060 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.053540 | 0.055410 | 0.056540 | 0.058410 | 0.059540 | 0.061410 | 0.062540 |
| Camarilla | 0.056845 | 0.057120 | 0.057395 | 0.057670 | 0.057945 | 0.058220 | 0.058495 |
| Woodie | 0.053170 | 0.055225 | 0.056170 | 0.058225 | 0.059170 | 0.061225 | 0.062170 |
| Fibonacci | 0.055410 | 0.056556 | 0.057264 | 0.058410 | 0.059556 | 0.060264 | 0.061410 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048697 | 0.051943 | 0.055297 | 0.058543 | 0.061897 | 0.065143 | 0.068497 |
| Camarilla | 0.056835 | 0.057440 | 0.058045 | 0.058650 | 0.059255 | 0.059860 | 0.060465 |
| Woodie | 0.048750 | 0.051970 | 0.055350 | 0.058570 | 0.061950 | 0.065170 | 0.068550 |
| Fibonacci | 0.051943 | 0.054465 | 0.056022 | 0.058543 | 0.061065 | 0.062622 | 0.065143 |
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): | 52.58 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 10.407619 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.057518 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.057447 | |
| Elder Ray (13): | 0.000082 | |
| Super Trend (3,10): | 0.057277 | |
| Zig ZAG (10): | 0.057690 | |
| VORTEX (21): | 1.0479 | |
| Stochastique (14,3,5): | 71.07 | |
| TEMA (21): | 0.057546 | |
| Williams %R (14): | -33.96 | |
| Chande Momentum Oscillator (20): | 0.000220 | |
| Repulse (5,40,3): | 0.2344 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0307 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.058317 | |
| MA20: | 0.059104 | |
| MA50: | 0.058111 | |
| MA100: | 0.059582 | |
| MAexp7: | 0.057622 | |
| MAexp20: | 0.057626 | |
| MAexp50: | 0.057780 | |
| MAexp100: | 0.058002 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -2.44% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.59% |
Quotes :
-
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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