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 08/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.058549 USD

My targets

0.048697 USD (-5.64%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CRONOS - CRO/USD as long as the price remains well below 0.058549 USD. The sellers' bearish objective is set at 0.048697 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CRONOS - CRO/USD price is 0.051610 USD. On the day, this instrument lost -0.06% with the lowest point at 0.051550 USD and the highest point at 0.051780 USD. The deviation from the price is +0.12% for the low point and -0.33% for the high point.

0.051550

0.051780

0.051610

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CRONOS - CRO/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.051610	0.051670	0.058549	0.073850
Change (%)	-	+0.12%	+13.45%	+43.09%
Change	-	+0.000060	+0.006939	+0.022240
Level	-	Major	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	0.050230	0.050740	0.051190	0.051700	0.052150	0.052660	0.053110
Camarilla	0.051376	0.051464	0.051552	0.051640	0.051728	0.051816	0.051904
Woodie	0.050200	0.050725	0.051160	0.051685	0.052120	0.052645	0.053080
Fibonacci	0.050740	0.051107	0.051333	0.051700	0.052067	0.052293	0.052660

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.054867	0.055903	0.056497	0.057533	0.058127	0.059163	0.059757
Camarilla	0.056642	0.056791	0.056941	0.057090	0.057239	0.057389	0.057538
Woodie	0.054645	0.055793	0.056275	0.057423	0.057905	0.059053	0.059535
Fibonacci	0.055903	0.056526	0.056911	0.057533	0.058156	0.058541	0.059163

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	20.58
MACD (12,26,9):	-0.0016
Directional Movement:	-32.251040
AROON (14):	-71.428572
DEMA (21):	0.054162
Parabolic SAR (0,02-0,02-0,2):	0.055076
Elder Ray (13):	-0.003300
Super Trend (3,10):	0.055027
Zig ZAG (10):	0.051580
VORTEX (21):	0.6272
Stochastique (14,3,5):	9.21
TEMA (21):	0.052754
Williams %R (14):	-91.95
Chande Momentum Oscillator (20):	-0.006070
Repulse (5,40,3):	-4.6332
ROCnROLL:	2
TRIX (15,9):	-0.2136
Courbe Coppock:	16.11

MA7:	0.054073
MA20:	0.056714
MA50:	0.057831
MA100:	0.058130
MAexp7:	0.053565
MAexp20:	0.055917
MAexp50:	0.057401
MAexp100:	0.059216
Price / MA7:	-4.55%
Price / MA20:	-9.00%
Price / MA50:	-10.76%
Price / MA100:	-11.22%
Price / MAexp7:	-3.65%
Price / MAexp20:	-7.70%
Price / MAexp50:	-10.09%
Price / MAexp100:	-12.84%

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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Londinia AI

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