CRONOS - CRO/USD - 1H - Technical analysis published on 11/22/2023 (GMT)
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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:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.089794 USD
My targets
0.098874 USD (+4.72%)
0.103700 USD (+9.83%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CRONOS - CRO/USD as long as the price remains well above 0.089794 USD. The buyers' bullish objective is set at 0.098874 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.103700 USD. If there is any crossing, the next objective would be the resistance located at 0.109162 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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Additional analysis
Quotes
The CRONOS - CRO/USD price is 0.094418 USD. On the day, this instrument gained +12.80% with the lowest point at 0.083579 USD and the highest point at 0.095156 USD. The deviation from the price is +12.97% for the low point and -0.78% for the high point.0.083579
0.095156
0.094418
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CRONOS - CRO/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CRONOS - CRO/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.087837 | 0.089794 | 0.094163 | 0.094418 | 0.098874 | 0.103700 | 0.109162 |
| Change (%) | -6.97% | -4.90% | -0.27% | - | +4.72% | +9.83% | +15.62% |
| Change | -0.006581 | -0.004624 | -0.000255 | - | +0.004456 | +0.009282 | +0.014744 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 0.067316 | 0.075500 | 0.079602 | 0.087786 | 0.091888 | 0.100072 | 0.104174 |
| Camarilla | 0.080325 | 0.081452 | 0.082578 | 0.083704 | 0.084830 | 0.085956 | 0.087083 |
| Woodie | 0.065275 | 0.074480 | 0.077561 | 0.086766 | 0.089847 | 0.099052 | 0.102133 |
| Fibonacci | 0.075500 | 0.080193 | 0.083093 | 0.087786 | 0.092479 | 0.095379 | 0.100072 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056585 | 0.070752 | 0.084261 | 0.098428 | 0.111937 | 0.126104 | 0.139613 |
| Camarilla | 0.090160 | 0.092697 | 0.095234 | 0.097771 | 0.100308 | 0.102845 | 0.105382 |
| Woodie | 0.056257 | 0.070588 | 0.083933 | 0.098264 | 0.111609 | 0.125940 | 0.139285 |
| Fibonacci | 0.070752 | 0.081324 | 0.087855 | 0.098428 | 0.109000 | 0.115531 | 0.126104 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039882 | 0.044338 | 0.053185 | 0.057641 | 0.066488 | 0.070944 | 0.079791 |
| Camarilla | 0.058375 | 0.059594 | 0.060814 | 0.062033 | 0.063252 | 0.064472 | 0.065691 |
| Woodie | 0.042079 | 0.045436 | 0.055382 | 0.058739 | 0.068685 | 0.072042 | 0.081988 |
| Fibonacci | 0.044338 | 0.049419 | 0.052559 | 0.057641 | 0.062722 | 0.065862 | 0.070944 |
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): | 63.20 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 18.140883 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.091772 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.089396 | |
| Elder Ray (13): | 0.002083 | |
| Super Trend (3,10): | 0.088332 | |
| Zig ZAG (10): | 0.094632 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 85.00 | |
| TEMA (21): | 0.093372 | |
| Williams %R (14): | -7.39 | |
| Chande Momentum Oscillator (20): | 0.008223 | |
| Repulse (5,40,3): | 1.8421 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0368 | |
| Courbe Coppock: | 15.13 |
| MA7: | 0.095003 | |
| MA20: | 0.089006 | |
| MA50: | 0.068368 | |
| MA100: | 0.059803 | |
| MAexp7: | 0.092786 | |
| MAexp20: | 0.091349 | |
| MAexp50: | 0.092187 | |
| MAexp100: | 0.093848 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +6.08% | |
| Price / MA50: | +38.10% | |
| Price / MA100: | +57.88% | |
| Price / MAexp7: | +1.76% | |
| Price / MAexp20: | +3.36% | |
| Price / MAexp50: | +2.42% | |
| Price / MAexp100: | +0.61% |
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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