CRONOS - CRO/USD - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.092900 USD
My targets
0.091106 USD (-0.71%)
0.082028 USD (-10.60%)
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 0.092900 USD. The next support located at 0.091106 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 0.082028 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CRONOS - CRO/USD rating 0.091755 USD. The price registered a decrease of -0.16% on the session and was traded between 0.091385 USD and 0.093401 USD over the period. The price is currently at +0.40% from its lowest and -1.76% from its highest.0.091385
0.093401
0.091755
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CRONOS - CRO/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.082028 | 0.091106 | 0.091755 | 0.092201 | 0.092900 | 0.093803 |
| Change (%) | -10.60% | -0.71% | - | +0.49% | +1.25% | +2.23% |
| Change | -0.009727 | -0.000649 | - | +0.000446 | +0.001145 | +0.002048 |
| Level | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.087989 | 0.089487 | 0.090696 | 0.092194 | 0.093403 | 0.094901 | 0.096110 |
| Camarilla | 0.091161 | 0.091409 | 0.091657 | 0.091905 | 0.092153 | 0.092401 | 0.092649 |
| Woodie | 0.087845 | 0.089415 | 0.090552 | 0.092122 | 0.093259 | 0.094829 | 0.095966 |
| Fibonacci | 0.089487 | 0.090521 | 0.091160 | 0.092194 | 0.093228 | 0.093867 | 0.094901 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.087037 | 0.089057 | 0.091549 | 0.093569 | 0.096061 | 0.098081 | 0.100573 |
| Camarilla | 0.092799 | 0.093213 | 0.093626 | 0.094040 | 0.094454 | 0.094867 | 0.095281 |
| Woodie | 0.087272 | 0.089175 | 0.091784 | 0.093687 | 0.096296 | 0.098199 | 0.100808 |
| Fibonacci | 0.089057 | 0.090781 | 0.091846 | 0.093569 | 0.095293 | 0.096358 | 0.098081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044279 | 0.065086 | 0.078326 | 0.099133 | 0.112373 | 0.133180 | 0.146420 |
| Camarilla | 0.082204 | 0.085325 | 0.088446 | 0.091567 | 0.094688 | 0.097809 | 0.100930 |
| Woodie | 0.040497 | 0.063194 | 0.074544 | 0.097241 | 0.108591 | 0.131288 | 0.142638 |
| Fibonacci | 0.065086 | 0.078092 | 0.086127 | 0.099133 | 0.112139 | 0.120174 | 0.133180 |
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): | 45.04 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -16.403352 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.092566 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.093273 | |
| Elder Ray (13): | -0.000522 | |
| Super Trend (3,10): | 0.093489 | |
| Zig ZAG (10): | 0.092240 | |
| VORTEX (21): | 0.9737 | |
| Stochastique (14,3,5): | 40.85 | |
| TEMA (21): | 0.092597 | |
| Williams %R (14): | -57.19 | |
| Chande Momentum Oscillator (20): | -0.000663 | |
| Repulse (5,40,3): | 0.1108 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.56 |
| MA7: | 0.093413 | |
| MA20: | 0.090160 | |
| MA50: | 0.094453 | |
| MA100: | 0.109351 | |
| MAexp7: | 0.092473 | |
| MAexp20: | 0.092622 | |
| MAexp50: | 0.092794 | |
| MAexp100: | 0.093141 | |
| Price / MA7: | -1.77% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | -2.86% | |
| Price / MA100: | -16.09% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -1.12% | |
| Price / MAexp100: | -1.49% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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