CRO Coin Bearish Head & Shoulders Pattern
Updated
First time trying out TA on my own so take what I say with a massive heap of salt. Cro seems to be forming a perfect bearish H&S pattern on the 4 hour chart. We've just finished forming the right shoulder and I'm expecting a drop back down to baseline support around .50 cents where the left shoulder started. I also use the reverse MACD to get a feel for bullish/bearish momentum. A green bubble on the reverse MACD along with baby blue candles means the bears are coming out to roost. On the daily chart we closed bearish on the 25th with strengthening signs of 🌈🐻 momentum shown with a resurging baby blue candle on the RMACD along with the 4 hour closing bearish today (27th) as well. I love CRO but it's hard for me to be super bullish right now. Lemme know what you think. If I'm correct my ego will sky rocket and I'll be certain I'm a trading genius 🧠
Trade closed: target reached
Big brain moment achieved 😏🧠
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