CRONOS - CRO/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	CROUSDT
ISIN:

CRONOS - CRO/USDT - Weekly - Technical analysis published on 02/19/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 0.307233 USDT

My targets

0.569033 USDT (+30.04%)

0.709767 USDT (+62.20%)

My analysis

The basic bullish trend is very strong on CRYPTO.COM COIN - CRO/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.307233 USDT. Crossing the first resistance at 0.569033 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.709767 USDT as an objective. Crossing it would then enable buyers to target 0.886700 USDT. Caution, a return to below 0.307233 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.1

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CRYPTO.COM COIN - CRO/USDT price is 0.437600 USDT. The price is lower by -12.59% over the 5 days and has been traded over the last 5 days between 0.427000 USDT and 0.502100 USDT. This implies that the 5 day price is +2.48% from its lowest point and -12.85% from its highest point.

0.427000

0.502100

0.437600

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

Technical analysis of this Weekly chart of CRYPTO.COM COIN - CRO/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1
ProTrendLines	0.089161	0.244522	0.437600	0.886700
Change (%)	-79.63%	-44.12%	-	+102.63%
Change	-0.348439	-0.193078	-	+0.449100
Level	Minor	Major	-	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	0.391867	0.409333	0.422267	0.439733	0.452667	0.470133	0.483067
Camarilla	0.426840	0.429627	0.432413	0.435200	0.437987	0.440773	0.443560
Woodie	0.389600	0.408200	0.420000	0.438600	0.450400	0.469000	0.480800
Fibonacci	0.409333	0.420946	0.428121	0.439733	0.451346	0.458521	0.470133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.342967	0.393833	0.440167	0.491033	0.537367	0.588233	0.634567
Camarilla	0.459770	0.468680	0.477590	0.486500	0.495410	0.504320	0.513230
Woodie	0.340700	0.392700	0.437900	0.489900	0.535100	0.587100	0.632300
Fibonacci	0.393833	0.430964	0.453903	0.491033	0.528164	0.551103	0.588233

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.045433	0.186167	0.307233	0.447967	0.569033	0.709767	0.830833
Camarilla	0.356305	0.380303	0.404302	0.428300	0.452298	0.476297	0.500295
Woodie	0.035600	0.181250	0.297400	0.443050	0.559200	0.704850	0.821000
Fibonacci	0.186167	0.286174	0.347959	0.447967	0.547974	0.609759	0.709767

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):	52.92
MACD (12,26,9):	0.0600
Directional Movement:	13.336482
AROON (14):	14.285714
DEMA (21):	0.519058
Parabolic SAR (0,02-0,02-0,2):	0.738869
Elder Ray (13):	0.014234
Super Trend (3,10):	0.763372
Zig ZAG (10):	0.438400
VORTEX (21):	1.1022
Stochastique (14,3,5):	25.49
TEMA (21):	0.518381
Williams %R (14):	-82.76
Chande Momentum Oscillator (20):	-0.312700
Repulse (5,40,3):	-12.7161
ROCnROLL:	-1
TRIX (15,9):	4.1434
Courbe Coppock:	132.24

MA7:	0.463900
MA20:	0.461785
MA50:	0.456454
MA100:	0.526225
MAexp7:	0.462731
MAexp20:	0.429608
MAexp50:	0.316652
MAexp100:	0.222456
Price / MA7:	-5.67%
Price / MA20:	-5.24%
Price / MA50:	-4.13%
Price / MA100:	-16.84%
Price / MAexp7:	-5.43%
Price / MAexp20:	+1.86%
Price / MAexp50:	+38.20%
Price / MAexp100:	+96.71%

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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