CRONOS - CRO/USD - 1H - Technical analysis published on 07/08/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.057450 USD
My targets
0.055895 USD (-0.84%)
0.055137 USD (-2.19%)
My analysis
The basic trend is very bearish on CRONOS - CRO/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on CRONOS - CRO/USD. As long as you stay below the resistance 0.057450 USD, sellers' retain the upper hand. A break in the support at 0.055895 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.055137 USD as an objective. Crossing it would then enable sellers to target 0.054820 USD. If the price were to depress the resistance 0.057450 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CRONOS - CRO/USD rating is 0.056370 USD. On the day, this instrument lost -0.07% and was between 0.056190 USD and 0.056450 USD. This implies that the price is at +0.32% from its lowest and at -0.14% from its highest.0.056190
0.056450
0.056370
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CRONOS - CRO/USD:
Technical
Technical analysis of this 1H chart of CRONOS - CRO/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.054820 | 0.055137 | 0.055895 | 0.056370 | 0.056569 | 0.057450 | 0.057786 |
| Change (%) | -2.75% | -2.19% | -0.84% | - | +0.35% | +1.92% | +2.51% |
| Change | -0.001550 | -0.001233 | -0.000475 | - | +0.000199 | +0.001080 | +0.001416 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.054883 | 0.055377 | 0.055893 | 0.056387 | 0.056903 | 0.057397 | 0.057913 |
| Camarilla | 0.056132 | 0.056225 | 0.056317 | 0.056410 | 0.056503 | 0.056595 | 0.056688 |
| Woodie | 0.054895 | 0.055383 | 0.055905 | 0.056393 | 0.056915 | 0.057403 | 0.057925 |
| Fibonacci | 0.055377 | 0.055763 | 0.056001 | 0.056387 | 0.056773 | 0.057011 | 0.057397 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049040 | 0.051930 | 0.054710 | 0.057600 | 0.060380 | 0.063270 | 0.066050 |
| Camarilla | 0.055931 | 0.056451 | 0.056970 | 0.057490 | 0.058010 | 0.058530 | 0.059049 |
| Woodie | 0.048985 | 0.051903 | 0.054655 | 0.057573 | 0.060325 | 0.063243 | 0.065995 |
| Fibonacci | 0.051930 | 0.054096 | 0.055434 | 0.057600 | 0.059766 | 0.061104 | 0.063270 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038753 | 0.044657 | 0.050453 | 0.056357 | 0.062153 | 0.068057 | 0.073853 |
| Camarilla | 0.053033 | 0.054105 | 0.055178 | 0.056250 | 0.057323 | 0.058395 | 0.059468 |
| Woodie | 0.038700 | 0.044630 | 0.050400 | 0.056330 | 0.062100 | 0.068030 | 0.073800 |
| Fibonacci | 0.044657 | 0.049126 | 0.051887 | 0.056357 | 0.060826 | 0.063587 | 0.068057 |
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): | 44.52 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -7.521706 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.056193 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.055966 | |
| Elder Ray (13): | 0.000012 | |
| Super Trend (3,10): | 0.056944 | |
| Zig ZAG (10): | 0.056370 | |
| VORTEX (21): | 1.0169 | |
| Stochastique (14,3,5): | 59.06 | |
| TEMA (21): | 0.056268 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.000070 | |
| Repulse (5,40,3): | -0.0125 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0467 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.056840 | |
| MA20: | 0.056562 | |
| MA50: | 0.057402 | |
| MA100: | 0.062983 | |
| MAexp7: | 0.056333 | |
| MAexp20: | 0.056388 | |
| MAexp50: | 0.056693 | |
| MAexp100: | 0.056854 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -1.80% | |
| Price / MA100: | -10.50% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.85% |
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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