CRONOS - CRO/USDT - Daily - Technical analysis published on 11/15/2022 (GMT)
- 301
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.080200 USDT
My targets
-
My analysis
The bearish trend is currently very strong for CRONOS - CRO/USDT. As long as the price remains below the resistance at 0.080200 USDT, you could try to take advantage of the bearish rally. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CRONOS - CRO/USDT rating is 0.069990 USDT. The price registered an increase of +0.60% on the session and was traded between 0.068610 USDT and 0.070590 USDT over the period. The price is currently at +2.01% from its lowest and -0.85% from its highest.0.068610
0.070590
0.069990
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this CRONOS - CRO/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong 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 probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.069990 | 0.105667 | 0.124075 | 0.155300 |
| Change (%) | - | +50.97% | +77.28% | +121.89% |
| Change | - | +0.035677 | +0.054085 | +0.085310 |
| Level | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039283 | 0.047537 | 0.058553 | 0.066807 | 0.077823 | 0.086077 | 0.097093 |
| Camarilla | 0.064271 | 0.066037 | 0.067804 | 0.069570 | 0.071336 | 0.073103 | 0.074869 |
| Woodie | 0.040665 | 0.048228 | 0.059935 | 0.067498 | 0.079205 | 0.086768 | 0.098475 |
| Fibonacci | 0.047537 | 0.054898 | 0.059446 | 0.066807 | 0.074168 | 0.078716 | 0.086077 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011710 | 0.044520 | 0.062180 | 0.094990 | 0.112650 | 0.145460 | 0.163120 |
| Camarilla | 0.065961 | 0.070587 | 0.075214 | 0.079840 | 0.084466 | 0.089093 | 0.093719 |
| Woodie | 0.004135 | 0.040733 | 0.054605 | 0.091203 | 0.105075 | 0.141673 | 0.155545 |
| Fibonacci | 0.044520 | 0.063800 | 0.075711 | 0.094990 | 0.114270 | 0.126181 | 0.145460 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.080200 | 0.088120 | 0.101460 | 0.109380 | 0.122720 | 0.130640 | 0.143980 |
| Camarilla | 0.108954 | 0.110902 | 0.112851 | 0.114800 | 0.116749 | 0.118698 | 0.120647 |
| Woodie | 0.082910 | 0.089475 | 0.104170 | 0.110735 | 0.125430 | 0.131995 | 0.146690 |
| Fibonacci | 0.088120 | 0.096241 | 0.101259 | 0.109380 | 0.117501 | 0.122519 | 0.130640 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.80 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -26.459953 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.083341 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.105154 | |
| Elder Ray (13): | -0.018617 | |
| Super Trend (3,10): | 0.103529 | |
| Zig ZAG (10): | 0.069420 | |
| VORTEX (21): | 0.8301 | |
| Stochastique (14,3,5): | 15.17 | |
| TEMA (21): | 0.075165 | |
| Williams %R (14): | -80.86 | |
| Chande Momentum Oscillator (20): | -0.040950 | |
| Repulse (5,40,3): | -11.4633 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5872 | |
| Courbe Coppock: | 58.11 |
| MA7: | 0.077709 | |
| MA20: | 0.101074 | |
| MA50: | 0.104873 | |
| MA100: | 0.114761 | |
| MAexp7: | 0.078929 | |
| MAexp20: | 0.094057 | |
| MAexp50: | 0.103743 | |
| MAexp100: | 0.119443 | |
| Price / MA7: | -9.93% | |
| Price / MA20: | -30.75% | |
| Price / MA50: | -33.26% | |
| Price / MA100: | -39.01% | |
| Price / MAexp7: | -11.33% | |
| Price / MAexp20: | -25.59% | |
| Price / MAexp50: | -32.54% | |
| Price / MAexp100: | -41.40% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CRONOS - CRO/USDT - Daily