- The crypto's price is below the EMAs indicating that the downward fall is continuing.
- The coin had a bullish break that led the price to reach the high of Ƀ0.00000750.
CRO/BTC Medium-term Trend: Ranging
- Resistance Levels: : Ƀ0.00000850, Ƀ0.00000900, Ƀ0.00000950
- Support Levels: Ƀ0.00000600, Ƀ0.00000500, Ƀ0.00000400
On July 23, the CRO/BTC pair was in a bullish trend as it reached a high of the Ƀ0.00000800 price level. On July 24, the bulls retested the Ƀ0.00000800 price level after the initial resistance. After the second resistance, the market fell and was on a downward correction.
The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto's price is below the EMAs indicating that the downward fall is continuing. On July 30, the downward trend was corrected at the Ƀ0.00000566 price level. The coin had a bullish break that led the price to reach the high of Ƀ0.00000750.
However, the bears have pulled back price into the bearish trend zone. 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 is in a bearish trend. The 12-day EMA and 26-day EMA are trending southward indicating that price is falling The crypto’s price are 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.
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