CRONOS - CRO/USD - 1H - Technical analysis published on 08/20/2023 (GMT)
- 203
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Neutral between 0.051670 USD and 0.054440 USD
My targets
-
My analysis
The short-term increase on CRONOS - CRO/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.054440 USD. The first support is located at 0.051670 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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
CRONOS - CRO/USD rating 0.052250 USD. The price registered a decrease of -0.04% on the session with the lowest point at 0.052160 USD and the highest point at 0.052340 USD. The deviation from the price is +0.17% for the low point and -0.17% for the high point.0.052160
0.052340
0.052250
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CRONOS - CRO/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.050990 | 0.051670 | 0.052250 | 0.054440 | 0.055750 | 0.057297 |
| Change (%) | -2.41% | -1.11% | - | +4.19% | +6.70% | +9.66% |
| Change | -0.001260 | -0.000580 | - | +0.002190 | +0.003500 | +0.005047 |
| Level | Intermediate | Major | - | Minor | Minor | 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 | 0.051017 | 0.051283 | 0.051777 | 0.052043 | 0.052537 | 0.052803 | 0.053297 |
| Camarilla | 0.052061 | 0.052131 | 0.052200 | 0.052270 | 0.052340 | 0.052409 | 0.052479 |
| Woodie | 0.051130 | 0.051340 | 0.051890 | 0.052100 | 0.052650 | 0.052860 | 0.053410 |
| Fibonacci | 0.051283 | 0.051574 | 0.051753 | 0.052043 | 0.052334 | 0.052513 | 0.052803 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043403 | 0.047197 | 0.049733 | 0.053527 | 0.056063 | 0.059857 | 0.062393 |
| Camarilla | 0.050529 | 0.051110 | 0.051690 | 0.052270 | 0.052850 | 0.053431 | 0.054011 |
| Woodie | 0.042775 | 0.046883 | 0.049105 | 0.053213 | 0.055435 | 0.059543 | 0.061765 |
| Fibonacci | 0.047197 | 0.049615 | 0.051109 | 0.053527 | 0.055945 | 0.057439 | 0.059857 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048697 | 0.051943 | 0.055297 | 0.058543 | 0.061897 | 0.065143 | 0.068497 |
| Camarilla | 0.056835 | 0.057440 | 0.058045 | 0.058650 | 0.059255 | 0.059860 | 0.060465 |
| Woodie | 0.048750 | 0.051970 | 0.055350 | 0.058570 | 0.061950 | 0.065170 | 0.068550 |
| Fibonacci | 0.051943 | 0.054465 | 0.056022 | 0.058543 | 0.061065 | 0.062622 | 0.065143 |
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): | 61.49 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 11.869241 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.052158 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.051837 | |
| Elder Ray (13): | 0.000144 | |
| Super Trend (3,10): | 0.051851 | |
| Zig ZAG (10): | 0.052260 | |
| VORTEX (21): | 1.1930 | |
| Stochastique (14,3,5): | 94.97 | |
| TEMA (21): | 0.052389 | |
| Williams %R (14): | -15.09 | |
| Chande Momentum Oscillator (20): | 0.000400 | |
| Repulse (5,40,3): | 0.1854 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 1.63 |
| MA7: | 0.053517 | |
| MA20: | 0.056430 | |
| MA50: | 0.057741 | |
| MA100: | 0.058035 | |
| MAexp7: | 0.052239 | |
| MAexp20: | 0.052042 | |
| MAexp50: | 0.052275 | |
| MAexp100: | 0.053156 | |
| Price / MA7: | -2.37% | |
| Price / MA20: | -7.41% | |
| Price / MA50: | -9.51% | |
| Price / MA100: | -9.97% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -1.70% |
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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