- 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 July 11, the bulls made an upward move to the high of Ƀ0.00000900 but were resisted. The bears pulled back price below EMAs. 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: Bearish
On the 1-hour chart, the CRO price was in a bearish trend. The 12-day EMA and 26-day EMA are trending southwardly indicating that price is falling. The crypto’s price is below 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.
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