CRON has been consolidating in this range for months now, creating a very noticeable Bullish Triangle.Will be looking to enter at around $5.75 (triangle support).
Possible Outcomes:
- Triangle Breaks and follows thru to +- $8 area with a huge profit of +40%.
- Triangle fails to break, we fall back to the $6 (would sell before going bellow $6.30) where we sell for a small profit or breakeven. Do not hold on and make this a losing trade.
Share your opinion, comments and questions. Good Luck!
Risk Level: High.
I will keep updating this post.
Trade active
In the trade at $5.76 before the close.Trade closed manually
Lots of sellers today, sold for a +10% profit.Trade active
Back in at $6.00 today!Trade closed manually
SOLD at $6.40 (+6.6%).Note
Unbelievable performance today for CRON, up 13% right now!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.