CRONOS - CRO/USD - 1H - Technical analysis published on 09/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.051180 USD
My targets
0.052010 USD (+0.87%)
0.052520 USD (+1.86%)
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 0.051180 USD. The buyers' bullish objective is set at 0.052010 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.052520 USD. If there is any crossing, the next objective would be the resistance located at 0.059511 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The CRONOS - CRO/USD price is 0.051560 USD. The price is lower by -0.04% since the last closing and was between 0.051240 USD and 0.051880 USD. This implies that the price is at +0.62% from its lowest and at -0.62% from its highest.0.051240
0.051880
0.051560
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.050000 | 0.050865 | 0.051180 | 0.051560 | 0.051770 | 0.052010 | 0.052520 |
| Change (%) | -3.03% | -1.35% | -0.74% | - | +0.41% | +0.87% | +1.86% |
| Change | -0.001560 | -0.000695 | -0.000380 | - | +0.000210 | +0.000450 | +0.000960 |
| Level | Major | Minor | Minor | - | 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 | 0.048327 | 0.049173 | 0.050377 | 0.051223 | 0.052427 | 0.053273 | 0.054477 |
| Camarilla | 0.051016 | 0.051204 | 0.051392 | 0.051580 | 0.051768 | 0.051956 | 0.052144 |
| Woodie | 0.048505 | 0.049263 | 0.050555 | 0.051313 | 0.052605 | 0.053363 | 0.054655 |
| Fibonacci | 0.049173 | 0.049956 | 0.050440 | 0.051223 | 0.052006 | 0.052490 | 0.053273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045220 | 0.047430 | 0.048970 | 0.051180 | 0.052720 | 0.054930 | 0.056470 |
| Camarilla | 0.049479 | 0.049823 | 0.050166 | 0.050510 | 0.050854 | 0.051198 | 0.051541 |
| Woodie | 0.044885 | 0.047263 | 0.048635 | 0.051013 | 0.052385 | 0.054763 | 0.056135 |
| Fibonacci | 0.047430 | 0.048863 | 0.049748 | 0.051180 | 0.052613 | 0.053498 | 0.054930 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.037563 | 0.043927 | 0.047123 | 0.053487 | 0.056683 | 0.063047 | 0.066243 |
| Camarilla | 0.047691 | 0.048567 | 0.049444 | 0.050320 | 0.051196 | 0.052073 | 0.052949 |
| Woodie | 0.035980 | 0.043135 | 0.045540 | 0.052695 | 0.055100 | 0.062255 | 0.064660 |
| Fibonacci | 0.043927 | 0.047579 | 0.049835 | 0.053487 | 0.057139 | 0.059395 | 0.063047 |
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): | 72.08 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 24.702393 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.051703 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.051163 | |
| Elder Ray (13): | 0.000210 | |
| Super Trend (3,10): | 0.050877 | |
| Zig ZAG (10): | 0.051590 | |
| VORTEX (21): | 1.2303 | |
| Stochastique (14,3,5): | 59.60 | |
| TEMA (21): | 0.051831 | |
| Williams %R (14): | -43.93 | |
| Chande Momentum Oscillator (20): | 0.000460 | |
| Repulse (5,40,3): | -0.1564 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0985 | |
| Courbe Coppock: | 2.89 |
| MA7: | 0.050819 | |
| MA20: | 0.051303 | |
| MA50: | 0.055148 | |
| MA100: | 0.056035 | |
| MAexp7: | 0.051573 | |
| MAexp20: | 0.051273 | |
| MAexp50: | 0.050821 | |
| MAexp100: | 0.050673 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | -6.51% | |
| Price / MA100: | -7.99% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +1.45% | |
| Price / MAexp100: | +1.75% |
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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