- On the downside, the coin may further depreciate because price is below the EMA.
- On July 11, the bulls reached the high of Ƀ0.00000900 but were resisted as price fell below the 12-day EMA and the 26-day EMA.
CRO/BTC Medium-term Trend: Ranging
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000800, Ƀ0.00000750, Ƀ0.00000700
Yesterday, July 18, the CRO coin was in a sideways trend fluctuating below the EMAs. The CRO coin was earlier in a bearish trend. On July 11, the bulls reached the high of Ƀ0.00000900 but were resisted as price fell below the 12-day EMA and the 26-day EMA. On the downside, the coin may further depreciate because price is below the EMAs.
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: 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 above the 12-day EMA and the 26-day EMA. Nevertheless, the daily stochastic is in the oversold region but above the 20% range. This indicated that price is in a bullish momentum and a sell signal.
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