CRWBTC
CRWBTC Latest Technical Analysis 55% target projection.You can see the Chart of CRWBTC on Daily Timeframe .
It Seems Like correction period End.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Adil Khan
CRWBTC - Crown Crown/BTC - High returns with Many Quiet periodsWe have a lot of quiet periods with this coin using the strategy described below.
However... 36% profit just under 3 months. Max drawdown of: 0.18% !!! (You have to appreciate my minimal max drawdowns :) ? ), 5.14% average pnl per trade.
Strategy
Refer to related ideas for detail into strategy, which works well with only high volume/volatile coins.
Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously.
Crown VS Bitcoin Bullish DivergenceToday Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high.
The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could mean that CRW/BTC have some intentions to reverse to the upside or produce a corrective wave up.
Although price could go below todays' low, it is still seems like the buying opportunity is just around the corner. But to confirm this it is better to way for a break and close above the 12700 satoshis resistance. Only then the corrective wave up should follow, which could result in a growth towards one of the previous resistance levels, either 20200, or 37000 satoshis.
Crown Trading IdeaCurrently sitting on strong support, potentially forming a double bottoms at a level which, until recently, hasn't reached since the last BTCUSD rally from last December. The only issue, and it's a big one, is the volume, but since this is a $20 million mcap coin, it still has hope for a decent rally.