CRONOS - CRO/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CROUSDT
ISIN:

CRONOS - CRO/USDT - Daily - Technical analysis published on 02/26/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 0.505900 USDT

My targets

0.402500 USDT (-3.69%)

0.337500 USDT (-19.24%)

My analysis

The bearish trend is currently very strong for CRONOS - CRO/USDT. As long as the price remains below the resistance at 0.505900 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.402500 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.337500 USDT as an objective. Crossing it would then enable sellers to target 0.244522 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.4

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

Additional analysis

Quotes

The CRONOS - CRO/USDT price is 0.417900 USDT. The price registered an increase of +0.07% on the session and was traded between 0.414700 USDT and 0.426900 USDT over the period. The price is currently at +0.77% from its lowest and -2.11% from its highest.

0.414700

0.426900

0.417900

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of CRONOS - CRO/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% 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, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.244522	0.337500	0.402500	0.417900	0.515100	0.644000	0.886700
Change (%)	-41.49%	-19.24%	-3.69%	-	+23.26%	+54.10%	+112.18%
Change	-0.173378	-0.080400	-0.015400	-	+0.097200	+0.226100	+0.468800
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.373800	0.384000	0.400800	0.411000	0.427800	0.438000	0.454800
Camarilla	0.410175	0.412650	0.415125	0.417600	0.420075	0.422550	0.425025
Woodie	0.377100	0.385650	0.404100	0.412650	0.431100	0.439650	0.458100
Fibonacci	0.384000	0.394314	0.400686	0.411000	0.421314	0.427686	0.438000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.309867	0.368333	0.402367	0.460833	0.494867	0.553333	0.587367
Camarilla	0.410963	0.419442	0.427921	0.436400	0.444879	0.453358	0.461838
Woodie	0.297650	0.362225	0.390150	0.454725	0.482650	0.547225	0.575150
Fibonacci	0.368333	0.403668	0.425498	0.460833	0.496168	0.517998	0.553333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.171700	0.249300	0.338800	0.416400	0.505900	0.583500	0.673000
Camarilla	0.382348	0.397665	0.412983	0.428300	0.443618	0.458935	0.474253
Woodie	0.177650	0.252275	0.344750	0.419375	0.511850	0.586475	0.678950
Fibonacci	0.249300	0.313132	0.352568	0.416400	0.480232	0.519668	0.583500

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):	45.67
MACD (12,26,9):	-0.0136
Directional Movement:	-12.939409
AROON (14):	-78.571429
DEMA (21):	0.416576
Parabolic SAR (0,02-0,02-0,2):	0.437695
Elder Ray (13):	-0.003371
Super Trend (3,10):	0.483523
Zig ZAG (10):	0.418900
VORTEX (21):	0.9807
Stochastique (14,3,5):	36.36
TEMA (21):	0.409649
Williams %R (14):	-58.66
Chande Momentum Oscillator (20):	-0.051100
Repulse (5,40,3):	4.0443
ROCnROLL:	2
TRIX (15,9):	-0.2033
Courbe Coppock:	32.28

MA7:	0.403000
MA20:	0.451885
MA50:	0.437602
MA100:	0.523729
MAexp7:	0.413854
MAexp20:	0.431758
MAexp50:	0.450453
MAexp100:	0.444980
Price / MA7:	+3.70%
Price / MA20:	-7.52%
Price / MA50:	-4.50%
Price / MA100:	-20.21%
Price / MAexp7:	+0.98%
Price / MAexp20:	-3.21%
Price / MAexp50:	-7.23%
Price / MAexp100:	-6.09%

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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