CRONOS - CRO/USD - 1H - Technical analysis published on 03/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 0.070630 USD
My targets
0.067460 USD (-1.26%)
0.063079 USD (-7.67%)
My analysis
The bearish basic trend is very strong on CRONOS - CRO/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.070630 USD. Crossing the first support at 0.067460 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.063079 USD as an objective. Crossing it would then enable sellers to target 0.056130 USD. Caution, a return to above the resistance located at 0.070630 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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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 0.068320 USD. On the day, this instrument lost -0.03% with the lowest point at 0.068240 USD and the highest point at 0.068810 USD. The deviation from the price is +0.12% for the low point and -0.71% for the high point.0.068240
0.068810
0.068320
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
Technical analysis of this 1H chart of CRONOS - CRO/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.056130 | 0.063079 | 0.067460 | 0.068320 | 0.068600 | 0.070630 | 0.073000 |
| Change (%) | -17.84% | -7.67% | -1.26% | - | +0.41% | +3.38% | +6.85% |
| Change | -0.012190 | -0.005241 | -0.000860 | - | +0.000280 | +0.002310 | +0.004680 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 0.064397 | 0.066013 | 0.067177 | 0.068793 | 0.069957 | 0.071573 | 0.072737 |
| Camarilla | 0.067576 | 0.067830 | 0.068085 | 0.068340 | 0.068595 | 0.068850 | 0.069105 |
| Woodie | 0.064170 | 0.065900 | 0.066950 | 0.068680 | 0.069730 | 0.071460 | 0.072510 |
| Fibonacci | 0.066013 | 0.067075 | 0.067731 | 0.068793 | 0.069855 | 0.070511 | 0.071573 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051867 | 0.057933 | 0.064367 | 0.070433 | 0.076867 | 0.082933 | 0.089367 |
| Camarilla | 0.067363 | 0.068508 | 0.069654 | 0.070800 | 0.071946 | 0.073092 | 0.074238 |
| Woodie | 0.052050 | 0.058025 | 0.064550 | 0.070525 | 0.077050 | 0.083025 | 0.089550 |
| Fibonacci | 0.057933 | 0.062708 | 0.065658 | 0.070433 | 0.075208 | 0.078158 | 0.082933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050067 | 0.061033 | 0.071667 | 0.082633 | 0.093267 | 0.104233 | 0.114867 |
| Camarilla | 0.076360 | 0.078340 | 0.080320 | 0.082300 | 0.084280 | 0.086260 | 0.088240 |
| Woodie | 0.049900 | 0.060950 | 0.071500 | 0.082550 | 0.093100 | 0.104150 | 0.114700 |
| Fibonacci | 0.061033 | 0.069285 | 0.074382 | 0.082633 | 0.090885 | 0.095982 | 0.104233 |
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): | 44.80 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -11.587960 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.068420 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.068403 | |
| Elder Ray (13): | -0.000068 | |
| Super Trend (3,10): | 0.069200 | |
| Zig ZAG (10): | 0.068490 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 61.14 | |
| TEMA (21): | 0.068510 | |
| Williams %R (14): | -50.88 | |
| Chande Momentum Oscillator (20): | 0.000010 | |
| Repulse (5,40,3): | 0.0266 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0385 | |
| Courbe Coppock: | 1.04 |
| MA7: | 0.069929 | |
| MA20: | 0.069384 | |
| MA50: | 0.075270 | |
| MA100: | 0.070318 | |
| MAexp7: | 0.068558 | |
| MAexp20: | 0.068613 | |
| MAexp50: | 0.068985 | |
| MAexp100: | 0.069577 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -9.23% | |
| Price / MA100: | -2.84% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.81% |
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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