CRONOS - CRO/USD

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Type:	Cryptocurrencies
Ticker:	CROUSD
ISIN:

CRONOS - CRO/USD - Daily - Technical analysis published on 01/31/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 0.066733 USD

My targets

0.080400 USD (+3.47%)

0.091200 USD (+17.37%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CRONOS - CRO/USD as long as the price remains well above 0.066733 USD. The buyers' bullish objective is set at 0.080400 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.091200 USD. If there is any crossing, the next objective would be the resistance located at 0.101933 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

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

Additional analysis

Quotes

The CRONOS - CRO/USD price is 0.077700 USD. The price registered a decrease of -0.13% on the session and was between 0.077300 USD and 0.077900 USD. This implies that the price is at +0.52% from its lowest and at -0.26% from its highest.

0.077300

0.077900

0.077700

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of CRONOS - CRO/USD in Daily shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.057100	0.077700	0.080400	0.101933	0.124100
Change (%)	-26.51%	-	+3.47%	+31.19%	+59.72%
Change	-0.020600	-	+0.002700	+0.024233	+0.046400
Level	Major	-	Minor	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.069467	0.073133	0.075467	0.079133	0.081467	0.085133	0.087467
Camarilla	0.076150	0.076700	0.077250	0.077800	0.078350	0.078900	0.079450
Woodie	0.068800	0.072800	0.074800	0.078800	0.080800	0.084800	0.086800
Fibonacci	0.073133	0.075425	0.076841	0.079133	0.081425	0.082841	0.085133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.069900	0.073200	0.077000	0.080300	0.084100	0.087400	0.091200
Camarilla	0.078848	0.079498	0.080149	0.080800	0.081451	0.082102	0.082753
Woodie	0.070150	0.073325	0.077250	0.080425	0.084350	0.087525	0.091450
Fibonacci	0.073200	0.075912	0.077588	0.080300	0.083012	0.084688	0.087400

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.043667	0.049333	0.052367	0.058033	0.061067	0.066733	0.069767
Camarilla	0.053008	0.053805	0.054603	0.055400	0.056198	0.056995	0.057793
Woodie	0.042350	0.048675	0.051050	0.057375	0.059750	0.066075	0.068450
Fibonacci	0.049333	0.052657	0.054710	0.058033	0.061357	0.063410	0.066733

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):	55.99
MACD (12,26,9):	0.0039
Directional Movement:	10.374654
AROON (14):	42.857143
DEMA (21):	0.081488
Parabolic SAR (0,02-0,02-0,2):	0.073625
Elder Ray (13):	-0.000611
Super Trend (3,10):	0.070154
Zig ZAG (10):	0.077700
VORTEX (21):	1.1596
Stochastique (14,3,5):	66.08
TEMA (21):	0.082950
Williams %R (14):	-45.38
Chande Momentum Oscillator (20):	0.003500
Repulse (5,40,3):	-3.3034
ROCnROLL:	-1
TRIX (15,9):	0.9772
Courbe Coppock:	16.03

MA7:	0.080314
MA20:	0.077295
MA50:	0.066336
MA100:	0.074451
MAexp7:	0.079294
MAexp20:	0.076187
MAexp50:	0.072183
MAexp100:	0.077670
Price / MA7:	-3.25%
Price / MA20:	+0.52%
Price / MA50:	+17.13%
Price / MA100:	+4.36%
Price / MAexp7:	-2.01%
Price / MAexp20:	+1.99%
Price / MAexp50:	+7.64%
Price / MAexp100:	+0.04%

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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