- On June 22, the bears exhausted their bearish pressure and found support at the Ƀ0.00000537 price level .
- The crypto’s price is above the 12-day EMA and the 26-day EMA.
CRO/BTC Medium-term Trend: Bullish
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000800, Ƀ0.00000750, Ƀ0.00000700
Yesterday, July 9, the CRO/BTC pair was in a bullish trend. On June 22, the bears exhausted their bearish pressure and found support at the Ƀ0.00000537 price level . The crypto commenced a range bound move above the support level. On July 3, the bulls break above the EMAs to commence a bullish trend. A trend line has been drawn to determine the duration of the bullish trend. A bullish trend is said to be ongoing if the trend line is unbroken.
The coin will be making a series of higher highs and higher lows. Each time the price test the trend line, the crypto's price will move up. However, a trend line is said to be terminated if the trend line is broken by a candlestick and another candlestick formed in opposite of it.
Meanwhile, the crypto’s price has reached the overbought region of the daily stochastic but above the 60 % range. This indicates that price is in a bullish momentum and a buy signal.
CRO/BTC Short-term Trend: Bullish
On the 1-hour chart, the CRO price was in a bullish trend. The 12-day EMA and 26-day EMA are trending northward indicating that price is a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA.
The crypto’s price is in a smooth uptrend. Nevertheless, the daily stochastic is in the oversold region but above the 60% range. This indicated that price is in a bullish momentum and a buy signal.
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