Crypto.com Chain Price Prediction Today: Daily (CRO) Value Forecast – July 12

  • On June 22, the bulls made an upward move to the high of Ƀ0.00000900 but were resisted.
  • The coin will continue its range bound move as long as the small body candlesticks dominate the chart.

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 is 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 in 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.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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