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CRONOS - CRO/USD
CRONOS - CRO/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: CROUSD
ISIN:

CRONOS - CRO/USD - 1H - Technical analysis published on 09/16/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.050414 USD
My targets
0.051787 USD (+1.42%)
0.052490 USD (+2.80%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.050414 USD remains possible. It is advisable to trade CRONOS - CRO/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.050414 USD. The next bullish objective for buyers is set at 0.051787 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.052490 USD. If there is any crossing, the next objective would be the resistance located at 0.052828 USD. PS: if there is a bearish break in the support located at 0.050414 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CRONOS - CRO/USD price is 0.051060 USD. The price is lower by -0.04% since the last closing and was between 0.051020 USD and 0.051640 USD. This implies that the price is at +0.08% from its lowest and at -1.12% from its highest.

0.051020
0.051640
0.051060

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 this 1H chart of CRONOS - CRO/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.049550 0.050054 0.050414 0.051060 0.051105 0.051787 0.052490
Change (%) -2.96% -1.97% -1.27% - +0.09% +1.42% +2.80%
Change -0.001510 -0.001006 -0.000646 - +0.000045 +0.000727 +0.001430
Level Minor Major Intermediate - Minor Intermediate 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
Standard0.0490330.0497270.0504030.0510970.0517730.0524670.053143
Camarilla0.0507030.0508290.0509540.0510800.0512060.0513310.051457
Woodie0.0490250.0497230.0503950.0510930.0517650.0524630.053135
Fibonacci0.0497270.0502500.0505730.0510970.0516200.0519430.052467


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0459730.0477370.0497630.0515270.0535530.0553170.057343
Camarilla0.0507480.0510950.0514430.0517900.0521370.0524850.052832
Woodie0.0461050.0478030.0498950.0515930.0536850.0553830.057475
Fibonacci0.0477370.0491840.0500790.0515270.0529740.0538690.055317


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0375630.0439270.0471230.0534870.0566830.0630470.066243
Camarilla0.0476910.0485670.0494440.0503200.0511960.0520730.052949
Woodie0.0359800.0431350.0455400.0526950.0551000.0622550.064660
Fibonacci0.0439270.0475790.0498350.0534870.0571390.0593950.063047

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): 49.49
MACD (12,26,9): 0.0000
Directional Movement: 5.588881
AROON (14): -71.428571
DEMA (21): 0.051210
Parabolic SAR (0,02-0,02-0,2): 0.051366
Elder Ray (13): -0.000049
Super Trend (3,10): 0.050790
Zig ZAG (10): 0.051100
VORTEX (21): 1.0405
Stochastique (14,3,5): 14.04
TEMA (21): 0.051136
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.000350
Repulse (5,40,3): -0.0570
ROCnROLL: -1
TRIX (15,9): 0.0217
Courbe Coppock: 0.88
MA7: 0.050839
MA20: 0.051136
MA50: 0.053785
MA100: 0.055392
MAexp7: 0.051107
MAexp20: 0.051145
MAexp50: 0.051020
MAexp100: 0.050926
Price / MA7: +0.43%
Price / MA20: -0.15%
Price / MA50: -5.07%
Price / MA100: -7.82%
Price / MAexp7: -0.09%
Price / MAexp20: -0.17%
Price / MAexp50: +0.08%
Price / MAexp100: +0.26%

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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Londinia
Londinia AI

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