Cronos: Target Zone AheadCronos (CRO) has recently been steering a less volatile sideways course. We have identified a beige Target Zone between $0.13 and $0.08, which should catch the low of the ongoing wave in green, thus presenting an opportunity to open long positions. However, if the price directly breaches the resistance at $0.23, we will have to consider the green wave alt. as complete, and the outlined Target Zone will be missed. We assign a 33% probability to this alternative scenario.
Crocoin
$CRO spot buy 15th of july at 0.1227As I mentioned in my $ALGO spot buy, the 50 MA also crossed the 200 MA what could lead to a bullish sentiment. At the right side of the chart you see the VWAP indicator. The big candles stands for the volume at that price range, at that price range I searched for S/R levels.
If we flip the first higher low (green cup drawing) I believe the uptrend will follow up, TP's are in the chart.
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CROUSD DailyPrice is now on the 4 hour ascending trendline, & lower timeframe demand zone. Watching price action here for a reversal, also it is possible that if price breaks the trendline can test key level support for a 3rd reaction for powerful movement. CRO coin has big future potential as it is highly sponsored & has alot of great utilities as well.
CRO should test 200EMAKUCOIN:CROUSDT
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Possible Targets
➡️For continuation I think CRO should retest 1 level by FIB and 200EMA on D1
➡️Interest zone now between 0.15$ and 0.25$
➡️Yellow arrow I marked possible scenario for CRO how to reach new ATH in 2022
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