CRO Price Prediction: Long-term (CRO) Value Forecast – July 20
- CRO/BTC trading operations have now resorted to featuring a series of downward price movements.
- The CRO/USD market bulls’ breakout of the B0.000006 mark could be a signal to getting to witness some price territories in the direction of northwards.
CRO/BTC Long-term Trend – Bearish
- Distribution territories: B0.00001, B0.000012, BO.000014
- Accumulation territories: B0.000004, B0.000003, B0.000002
After a long top shadow that occurred on a bearish candlestick on July 12, the CRO/BTC trading operations have now resorted to featuring a series of downward price movements. On July 15, the crypto market went down the SMA trading indicators to the south. The market is now trading below a low value at B0.000006 in averaging a lower point of the immediate accumulation territory B0.000004.
The 50-day SMA is a bit over the 14-day SMA within the ranges of B0.000008 and B0.000006 marks. The Stochastic Oscillators have dipped into the oversold zone. And, they are yet pointing towards the south within it to suggest that the downward moves aren’t over.
The crypto-market now trades around the same low trading zone that it experienced between June 21 and July 2. The bears may need to push beyond the B0.000004 point to confirm a further downward move. Meanwhile, the bulls’ breakout of the B0.000006 mark could be a signal to getting to witness some price territories in the direction of northwards.
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