CRONOS - CRO/USDT - 1H - Technical analysis published on 03/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.224200 USDT
My targets
0.240300 USDT (+6.37%)
0.247878 USDT (+9.73%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CRYPTO.COM CHAIN TOKEN - CRO/USDT. This is a positive signal for buyers. As long as the price remains above 0.224200 USDT, a purchase could be considered. The first bullish objective is located at 0.240300 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.247878 USDT as an objective. In the event of a return below 0.224200 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CRYPTO.COM CHAIN TOKEN - CRO/USDT price is 0.225900 USDT. The price has increased by +9.34% since the last closing and was traded between 0.205100 USDT and 0.232800 USDT over the period. The price is currently at +10.14% from its lowest and -2.96% from its highest.0.205100
0.232800
0.225900
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CRYPTO.COM CHAIN TOKEN - CRO/USDT chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.205778 | 0.216450 | 0.224200 | 0.225900 | 0.240300 | 0.247878 |
| Change (%) | -8.91% | -4.18% | -0.75% | - | +6.37% | +9.73% |
| Change | -0.020122 | -0.009450 | -0.001700 | - | +0.014400 | +0.021978 |
| Level | Intermediate | Minor | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.172833 | 0.183667 | 0.195133 | 0.205967 | 0.217433 | 0.228267 | 0.239733 |
| Camarilla | 0.200468 | 0.202512 | 0.204556 | 0.206600 | 0.208644 | 0.210688 | 0.212733 |
| Woodie | 0.173150 | 0.183825 | 0.195450 | 0.206125 | 0.217750 | 0.228425 | 0.240050 |
| Fibonacci | 0.183667 | 0.192185 | 0.197448 | 0.205967 | 0.214485 | 0.219748 | 0.228267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.087833 | 0.126867 | 0.169933 | 0.208967 | 0.252033 | 0.291067 | 0.334133 |
| Camarilla | 0.190423 | 0.197948 | 0.205474 | 0.213000 | 0.220526 | 0.228052 | 0.235578 |
| Woodie | 0.089850 | 0.127875 | 0.171950 | 0.209975 | 0.254050 | 0.292075 | 0.336150 |
| Fibonacci | 0.126867 | 0.158229 | 0.177605 | 0.208967 | 0.240329 | 0.259705 | 0.291067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.168400 | -0.052900 | 0.040600 | 0.156100 | 0.249600 | 0.365100 | 0.458600 |
| Camarilla | 0.076625 | 0.095783 | 0.114942 | 0.134100 | 0.153258 | 0.172417 | 0.191575 |
| Woodie | -0.179400 | -0.058400 | 0.029600 | 0.150600 | 0.238600 | 0.359600 | 0.447600 |
| Fibonacci | -0.052900 | 0.026938 | 0.076262 | 0.156100 | 0.235938 | 0.285262 | 0.365100 |
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): | 66.52 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 19.322820 | |
| AROON (14): | 64.285713 | |
| DEMA (21): | 0.227596 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.232664 | |
| Elder Ray (13): | 0.003969 | |
| Super Trend (3,10): | 0.218254 | |
| Zig ZAG (10): | 0.227300 | |
| VORTEX (21): | 1.3058 | |
| Stochastique (14,3,5): | 83.56 | |
| TEMA (21): | 0.232094 | |
| Williams %R (14): | -24.52 | |
| Chande Momentum Oscillator (20): | 0.007900 | |
| Repulse (5,40,3): | -0.6947 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3305 | |
| Courbe Coppock: | 18.20 |
| MA7: | 0.218429 | |
| MA20: | 0.190565 | |
| MA50: | 0.145119 | |
| MA100: | 0.106495 | |
| MAexp7: | 0.227148 | |
| MAexp20: | 0.220801 | |
| MAexp50: | 0.216007 | |
| MAexp100: | 0.215104 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | +18.54% | |
| Price / MA50: | +55.67% | |
| Price / MA100: | +112.12% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | +2.31% | |
| Price / MAexp50: | +4.58% | |
| Price / MAexp100: | +5.02% |
Quotes :
2021-03-24 16:17:29
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Real time data
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Cryptocompare
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