- On the upside , if the EMAs support holds the crypto's price will rise to retest the Ƀ0.00000913 price level.
- 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 23, the bulls broke above the 12-day EMA and the 26-day EMA. The crypto's has been sustained above the EMAs in the last 24 hours. On the upside , if the EMAs support holds the crypto's price will rise to retest the Ƀ0.00000913 price level.
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 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.
