CRONOS - CRO/USD - 1H - Technical analysis published on 12/09/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.102397 USD
My targets
0.120368 USD (+12.08%)
0.151933 USD (+41.48%)
My analysis
The bullish trend is currently very strong on CRONOS - CRO/USD. As long as the price remains above the support at 0.102397 USD, you could try to benefit from the boom. The first bullish objective is located at 0.120368 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.151933 USD as an objective. Crossing it would then enable buyers to target 0.337700 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8.6
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Additional analysis
Quotes
The CRONOS - CRO/USD rating is 0.107390 USD. On the day, this instrument gained +8.82% and was traded between 0.098566 USD and 0.110530 USD over the period. The price is currently at +8.95% from its lowest and -2.84% from its highest.0.098566
0.110530
0.107390
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CRONOS - CRO/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CRONOS - CRO/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.097727 | 0.099500 | 0.100979 | 0.107390 | 0.107959 | 0.337700 | 0.516000 |
| Change (%) | -9.00% | -7.35% | -5.97% | - | +0.53% | +214.46% | +380.49% |
| Change | -0.009663 | -0.007890 | -0.006411 | - | +0.000569 | +0.230310 | +0.408610 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 0.089509 | 0.091505 | 0.095094 | 0.097090 | 0.100679 | 0.102675 | 0.106264 |
| Camarilla | 0.097148 | 0.097660 | 0.098172 | 0.098684 | 0.099196 | 0.099708 | 0.100220 |
| Woodie | 0.090307 | 0.091903 | 0.095892 | 0.097488 | 0.101477 | 0.103073 | 0.107062 |
| Fibonacci | 0.091505 | 0.093638 | 0.094956 | 0.097090 | 0.099223 | 0.100541 | 0.102675 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078736 | 0.083443 | 0.088213 | 0.092920 | 0.097690 | 0.102397 | 0.107167 |
| Camarilla | 0.090378 | 0.091247 | 0.092115 | 0.092984 | 0.093853 | 0.094722 | 0.095590 |
| Woodie | 0.078769 | 0.083459 | 0.088246 | 0.092936 | 0.097723 | 0.102413 | 0.107200 |
| Fibonacci | 0.083443 | 0.087063 | 0.089300 | 0.092920 | 0.096540 | 0.098777 | 0.102397 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.002702 | 0.028863 | 0.058833 | 0.090398 | 0.120368 | 0.151933 | 0.181903 |
| Camarilla | 0.071880 | 0.077521 | 0.083161 | 0.088802 | 0.094443 | 0.100083 | 0.105724 |
| Woodie | -0.003501 | 0.028464 | 0.058035 | 0.089999 | 0.119570 | 0.151534 | 0.181105 |
| Fibonacci | 0.028863 | 0.052370 | 0.066892 | 0.090398 | 0.113905 | 0.128427 | 0.151933 |
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): | 76.29 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 43.064794 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.106476 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.102241 | |
| Elder Ray (13): | 0.003213 | |
| Super Trend (3,10): | 0.102178 | |
| Zig ZAG (10): | 0.107969 | |
| VORTEX (21): | 1.2870 | |
| Stochastique (14,3,5): | 77.77 | |
| TEMA (21): | 0.107982 | |
| Williams %R (14): | -23.47 | |
| Chande Momentum Oscillator (20): | 0.007136 | |
| Repulse (5,40,3): | 1.4090 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3261 | |
| Courbe Coppock: | 14.16 |
| MA7: | 0.096948 | |
| MA20: | 0.094154 | |
| MA50: | 0.083208 | |
| MA100: | 0.067041 | |
| MAexp7: | 0.106296 | |
| MAexp20: | 0.102501 | |
| MAexp50: | 0.099577 | |
| MAexp100: | 0.097473 | |
| Price / MA7: | +10.77% | |
| Price / MA20: | +14.06% | |
| Price / MA50: | +29.06% | |
| Price / MA100: | +60.19% | |
| Price / MAexp7: | +1.03% | |
| Price / MAexp20: | +4.77% | |
| Price / MAexp50: | +7.85% | |
| Price / MAexp100: | +10.17% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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