CRONOS - CRO/USD - 1H - Technical analysis published on 04/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 0.156206 USD
My targets
0.149916 USD (-1.19%)
0.144504 USD (-4.75%)
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 0.156206 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 0.156206 USD. The next bearish objective for sellers is set at 0.149916 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.144504 USD. In case of crossing, the next objective would be the support located at 0.136579 USD. PS: if there is a bullish break in the resistance located at 0.156206 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 sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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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 0.151718 USD. The price registered a decrease of -0.71% on the session and was traded between 0.147469 USD and 0.160790 USD over the period. The price is currently at +2.88% from its lowest and -5.64% from its highest.0.147469
0.160790
0.151718
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CRONOS - CRO/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.136579 | 0.144504 | 0.149916 | 0.151718 | 0.156206 | 0.159323 | 0.169333 |
| Change (%) | -9.98% | -4.75% | -1.19% | - | +2.96% | +5.01% | +11.61% |
| Change | -0.015139 | -0.007214 | -0.001802 | - | +0.004488 | +0.007605 | +0.017615 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.148074 | 0.149453 | 0.151127 | 0.152506 | 0.154180 | 0.155559 | 0.157233 |
| Camarilla | 0.151960 | 0.152240 | 0.152520 | 0.152800 | 0.153080 | 0.153360 | 0.153640 |
| Woodie | 0.148221 | 0.149527 | 0.151274 | 0.152580 | 0.154327 | 0.155633 | 0.157380 |
| Fibonacci | 0.149453 | 0.150620 | 0.151340 | 0.152506 | 0.153673 | 0.154393 | 0.155559 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.117925 | 0.127716 | 0.139911 | 0.149702 | 0.161897 | 0.171688 | 0.183883 |
| Camarilla | 0.146060 | 0.148075 | 0.150091 | 0.152106 | 0.154121 | 0.156137 | 0.158152 |
| Woodie | 0.119127 | 0.128317 | 0.141113 | 0.150303 | 0.163099 | 0.172289 | 0.185085 |
| Fibonacci | 0.127716 | 0.136115 | 0.141303 | 0.149702 | 0.158101 | 0.163289 | 0.171688 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048908 | 0.079021 | 0.115910 | 0.146023 | 0.182912 | 0.213025 | 0.249914 |
| Camarilla | 0.134375 | 0.140516 | 0.146658 | 0.152800 | 0.158942 | 0.165084 | 0.171226 |
| Woodie | 0.052297 | 0.080715 | 0.119299 | 0.147717 | 0.186301 | 0.214719 | 0.253303 |
| Fibonacci | 0.079021 | 0.104615 | 0.120428 | 0.146023 | 0.171617 | 0.187430 | 0.213025 |
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): | 45.86 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -1.695908 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.149896 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.156202 | |
| Elder Ray (13): | -0.000522 | |
| Super Trend (3,10): | 0.155651 | |
| Zig ZAG (10): | 0.149909 | |
| VORTEX (21): | 0.9627 | |
| Stochastique (14,3,5): | 26.65 | |
| TEMA (21): | 0.149483 | |
| Williams %R (14): | -67.06 | |
| Chande Momentum Oscillator (20): | 0.000978 | |
| Repulse (5,40,3): | 0.7731 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0536 | |
| Courbe Coppock: | 2.34 |
| MA7: | 0.152452 | |
| MA20: | 0.145004 | |
| MA50: | 0.128781 | |
| MA100: | 0.108468 | |
| MAexp7: | 0.149849 | |
| MAexp20: | 0.150823 | |
| MAexp50: | 0.151680 | |
| MAexp100: | 0.151448 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | +4.63% | |
| Price / MA50: | +17.81% | |
| Price / MA100: | +39.87% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.18% |
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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