CRO Technical Analysis in Weekly Timeframe.
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
CRO is trending below the resistance trendline and the 50 EMA. Currently, it is holding good support at $0.081, but it still looks critical. If the rejection continues from the CMP, we are likely to see CRO testing the support trendline at $0.061.
For a bullish confirmation,CRO needs to break above the 50 EMA and the resistance trendline.
Key levels:
- Primary Support/Entry 1: $0.081 to CMP.
- Lower Support/Entry 2: $0.05 to $0.061.
- Resistance: $0.107.
- Long-term Target: $0.95 to $1.
- Invalidation Point: A close below the support trendline.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
CRO is trending below the resistance trendline and the 50 EMA. Currently, it is holding good support at $0.081, but it still looks critical. If the rejection continues from the CMP, we are likely to see CRO testing the support trendline at $0.061.For a bullish confirmation,
CRO needs to break above the 50 EMA and the resistance trendline.Key levels:
- Primary Support/Entry 1: $0.081 to CMP.
- Lower Support/Entry 2: $0.05 to $0.061.
- Resistance: $0.107.
- Long-term Target: $0.95 to $1.
- Invalidation Point: A close below the support trendline.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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