CRONOS - CRO/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CROUSD
ISIN:

CRONOS - CRO/USD - 1H - Technical analysis published on 09/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 0.080257 USD

My targets

0.085733 USD (+4.04%)

0.089054 USD (+8.07%)

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 0.080257 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 0.080257 USD. The next bullish objective for buyers is set at 0.085733 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.089054 USD. If there is any crossing, the next objective would be the resistance located at 0.095015 USD. PS: if there is a bearish break in the support located at 0.080257 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.6

Comment on the analysis

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

The CRONOS - CRO/USD rating is 0.082405 USD. The price is lower by -0.01% since the last closing and was traded between 0.081808 USD and 0.083038 USD over the period. The price is currently at +0.73% from its lowest and -0.76% from its highest.

0.081808

0.083038

0.082405

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CRONOS - CRO/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.078566	0.080257	0.082384	0.082405	0.095015	0.108008	0.121508
Change (%)	-4.66%	-2.61%	-0.03%	-	+15.30%	+31.07%	+47.45%
Change	-0.003839	-0.002148	-0.000021	-	+0.012610	+0.025603	+0.039103
Level	Intermediate	Minor	Minor	-	Intermediate	Intermediate	Major

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	0.078568	0.079943	0.081178	0.082553	0.083788	0.085163	0.086398
Camarilla	0.081694	0.081934	0.082173	0.082412	0.082651	0.082891	0.083130
Woodie	0.078497	0.079908	0.081107	0.082518	0.083717	0.085128	0.086327
Fibonacci	0.079943	0.080940	0.081556	0.082553	0.083550	0.084166	0.085163

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.069229	0.072550	0.077481	0.080802	0.085733	0.089054	0.093985
Camarilla	0.080143	0.080899	0.081656	0.082412	0.083168	0.083925	0.084681
Woodie	0.070034	0.072953	0.078286	0.081205	0.086538	0.089457	0.094790
Fibonacci	0.072550	0.075702	0.077650	0.080802	0.083954	0.085902	0.089054

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.028446	0.047935	0.064579	0.084068	0.100712	0.120201	0.136845
Camarilla	0.071285	0.074598	0.077910	0.081222	0.084534	0.087846	0.091159
Woodie	0.027023	0.047224	0.063156	0.083357	0.099289	0.119490	0.135422
Fibonacci	0.047935	0.061738	0.070266	0.084068	0.097871	0.106399	0.120201

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):	50.39
MACD (12,26,9):	0.0000
Directional Movement:	-3.016691
AROON (14):	-71.428572
DEMA (21):	0.082441
Parabolic SAR (0,02-0,02-0,2):	0.082876
Elder Ray (13):	0.000034
Super Trend (3,10):	0.081942
Zig ZAG (10):	0.082443
VORTEX (21):	1.1267
Stochastique (14,3,5):	40.51
TEMA (21):	0.082249
Williams %R (14):	-48.37
Chande Momentum Oscillator (20):	-0.000565
Repulse (5,40,3):	0.2865
ROCnROLL:	1
TRIX (15,9):	0.0013
Courbe Coppock:	0.17

MA7:	0.080764
MA20:	0.079738
MA50:	0.083900
MA100:	0.088431
MAexp7:	0.082361
MAexp20:	0.082437
MAexp50:	0.082124
MAexp100:	0.081255
Price / MA7:	+2.03%
Price / MA20:	+3.34%
Price / MA50:	-1.78%
Price / MA100:	-6.81%
Price / MAexp7:	+0.05%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.34%
Price / MAexp100:	+1.42%

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 AI

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