- On June 3, CRO price reached a high of Ƀ0.00000950 overhead resistance.
- On the upside, if the support level of the Ƀ0.00000800 price level holds, the crypto’s price will rise to break the EMAs and reach the bullish trend zone.
CRO/BTC Medium-term Trend: Bearish
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000800, Ƀ0.00000750, Ƀ0.00000700
Yesterday, June 11, the price of CRO was in a sideways trend. On June 3, CRO price reached a high of Ƀ0.00000950 overhead resistance. However, the bulls were resisted and the market had a downward correction to the low of Ƀ0.00000828 on June 4. The CRO market began to have a range bound move above the Ƀ0.00000700 price level. From the Fibonacci retracement level, the downward correction was made at the 0.786 Fib. retracement levels.
The current trend has been terminated.From the price action, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates the price is likely to fall. On the upside, if the support level of the Ƀ0.00000800 price level holds, the crypto’s price will rise to break the EMAs and reach the bullish trend zone.The crypto’s price has reached the oversold region of the daily stochastic but below the 40 % 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 fluctuating below and above EMAs. 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.
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