CRONOS - CRO/USDT
CRONOS - CRO/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: CROUSDT
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CRONOS - CRO/USDT - 1H - Technical analysis published on 09/15/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.165078 USDT
My targets
0.177133 USDT (+4.20%)
0.182000 USDT (+7.06%)
My analysis
The bullish trend is currently very strong on CRYPTO.COM CHAIN TOKEN - CRO/USDT. As long as the price remains above the support at 0.165078 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.177133 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.182000 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CRYPTO.COM CHAIN TOKEN - CRO/USDT rating 0.170000 USDT. The price has increased by +0.83% since the last closing with the lowest point at 0.167200 USDT and the highest point at 0.171800 USDT. The deviation from the price is +1.67% for the low point and -1.05% for the high point.

0.167200
0.171800
0.170000

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

Central Gaps

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:

Technical


A technical analysis in 1H of this CRYPTO.COM CHAIN TOKEN - CRO/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.159827 0.165078 0.169800 0.170000 0.182000
Change (%) -5.98% -2.90% -0.12% - +7.06%
Change -0.010173 -0.004922 -0.000200 - +0.012000
Level Intermediate Minor Intermediate - Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1525000.1562000.1624000.1661000.1723000.1760000.182200
Camarilla0.1658780.1667850.1676930.1686000.1695080.1704150.171323
Woodie0.1537500.1568250.1636500.1667250.1735500.1766250.183450
Fibonacci0.1562000.1599820.1623180.1661000.1698820.1722180.176000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1307670.1375330.1505670.1573330.1703670.1771330.190167
Camarilla0.1581550.1599700.1617850.1636000.1654150.1672300.169045
Woodie0.1339000.1391000.1537000.1589000.1735000.1787000.193300
Fibonacci0.1375330.1450970.1497700.1573330.1648970.1695700.177133


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1087670.1317330.1552670.1782330.2017670.2247330.248267
Camarilla0.1660130.1702750.1745380.1788000.1830630.1873250.191588
Woodie0.1090500.1318750.1555500.1783750.2020500.2248750.248550
Fibonacci0.1317330.1494960.1604700.1782330.1959960.2069700.224733

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.14
MACD (12,26,9): 0.0007
Directional Movement: 2.011749
AROON (14): 21.428571
DEMA (21): 0.170246
Parabolic SAR (0,02-0,02-0,2): 0.171736
Elder Ray (13): -0.000165
Super Trend (3,10): 0.167283
Zig ZAG (10): 0.169100
VORTEX (21): 1.0420
Stochastique (14,3,5): 44.20
TEMA (21): 0.169740
Williams %R (14): -52.17
Chande Momentum Oscillator (20): 0.001800
Repulse (5,40,3): 0.1706
ROCnROLL: -1
TRIX (15,9): 0.0926
Courbe Coppock: 0.67
MA7: 0.160714
MA20: 0.163020
MA50: 0.164742
MA100: 0.147210
MAexp7: 0.169588
MAexp20: 0.169072
MAexp50: 0.166890
MAexp100: 0.163598
Price / MA7: +5.78%
Price / MA20: +4.28%
Price / MA50: +3.19%
Price / MA100: +15.48%
Price / MAexp7: +0.24%
Price / MAexp20: +0.55%
Price / MAexp50: +1.86%
Price / MAexp100: +3.91%

Quotes : 2020-09-15 20:34:57 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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