CRONOS - CRO/USDT - Daily - Technical analysis published on 02/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.447967 USDT
My targets
0.402500 USDT (-8.02%)
0.336578 USDT (-23.09%)
My analysis
There is a bearish trend on CRYPTO.COM COIN - CRO/USDT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.447967 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.402500 USDT. Then the price could move towards 0.336578 USDT. Then 0.244522 USDT by extension. Be careful, a return to above the resistance 0.447967 USDT would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 rating is 0.437600 USDT. The price registered an increase of +0.55% on the session and was between 0.434300 USDT and 0.449400 USDT. This implies that the price is at +0.76% from its lowest and at -2.63% from its highest.0.434300
0.449400
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of CRYPTO.COM COIN - CRO/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.244522 | 0.336578 | 0.402500 | 0.437600 | 0.515100 | 0.644000 | 0.886700 |
| Change (%) | -44.12% | -23.09% | -8.02% | - | +17.71% | +47.17% | +102.63% |
| Change | -0.193078 | -0.101022 | -0.035100 | - | +0.077500 | +0.206400 | +0.449100 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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): | 45.70 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | -3.112237 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.461994 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.526450 | |
| Elder Ray (13): | -0.019014 | |
| Super Trend (3,10): | 0.416100 | |
| Zig ZAG (10): | 0.438400 | |
| VORTEX (21): | 1.0259 | |
| Stochastique (14,3,5): | 12.68 | |
| TEMA (21): | 0.470125 | |
| Williams %R (14): | -90.18 | |
| Chande Momentum Oscillator (20): | -0.056400 | |
| Repulse (5,40,3): | -9.2526 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2368 | |
| Courbe Coppock: | 10.58 |
| MA7: | 0.463900 | |
| MA20: | 0.461785 | |
| MA50: | 0.456454 | |
| MA100: | 0.526225 | |
| MAexp7: | 0.455594 | |
| MAexp20: | 0.459644 | |
| MAexp50: | 0.465689 | |
| MAexp100: | 0.451336 | |
| Price / MA7: | -5.67% | |
| Price / MA20: | -5.24% | |
| Price / MA50: | -4.13% | |
| Price / MA100: | -16.84% | |
| Price / MAexp7: | -3.95% | |
| Price / MAexp20: | -4.80% | |
| Price / MAexp50: | -6.03% | |
| Price / MAexp100: | -3.04% |
Quotes :
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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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