- The CRO coin will range for few more days as the chart was dominated by small body candlesticks .
- The coin is in a bearish momentum and a sell signal.
CRO/BTC Medium-term Trend: Ranging
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000800, Ƀ0.00000750, Ƀ0.00000700
The CRO/BTC was in a sideways trend. On June 22, the bulls made an upward move to the high of Ƀ0.00000900 but were resisted. The bears pulled back price to the range-bound zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. The presence of small body candlesticks are the major issue of the sideways trend.
The small body candlesticks like the Doji and spinning tops describe the indecision between the buyers and sellers at the current market price. The coin will continue its range bound move as long as the small body candlesticks dominate the chart. Meanwhile, the crypto’s price has reached the oversold region of the daily stochastic but below the 20 % range. This indicates that price is in a bearish momentum and a sell signal.
CRO/BTC Short-term Trend: Ranging
On the 1-hour chart, the CRO price was in a sideways trend. The 12-day EMA and 26-day EMA are trending horizontally indicating that price is a sideways trend. The crypto’s price is above the 12-day EMA and the 26-day EMA. Nevertheless, the daily stochastic is in the oversold region but below the 20% range. This indicated that price is in a bearish momentum and a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Buy, Sell or Swap Any Cryptocurrency at Your Convenience [Powered by Changelly]
GET CRYTOCURRENCY NEWS UPDATE DAILY. SUBSCRIBE BELOW
Bitcoin Market Price Chart in RealTime