CRYPTO.COM CHAIN Price Prediction Today: Daily (CRO) Value Forecast – June 20

  • The short and medium-term outlook is in Tthe uptrend.
  • Responsible buying may be considered.

CRO/BTC Medium-term Trend: Bullish

Supply zones: 0.0000086, 0.0000088, 0.0000090
Demand zones: 0.0000030, 0.0000020, 0.0000010

The cryptocurrency is in an uptrend in its medium-term outlook. Shortly after yesterday opening, the bulls briefly push the coin to $0.0000074 and lost momentum at the trendline. The bounce was expected as the bears stage a gradual return with a bearish spinning top.

Increased momentum drops the coin at $0.0000067 before the end of yesterday session.
The bears sustained the momentum as the market opens today as CROBTC fell to $0.0000064 closing the candle as a bullish doji an indication of an imminent trend reversal.

The bulls area currently in control of the market with a target at the trendline in the medium-term. This is further confirmed by the signal of the stochastic oscillator as it points up at 38% suggesting upward momentum. $0.0000072 at the trendline is the bulls target.

CRO/BTC Short-term Trend: Bullish

CRO/BTC is in an uptrend in its short-term outlook. The bulls took control of the market at $0.0000064 after the formation of the bullish spinning top. Price rose to $0.0000070 breaking the resistance at the 10-EMA.

The stochastic oscillator signal points up at 51% an indication of upward momentum in prices of the cryptocurrency.

Price is above the 10-EMA an indication of bullish pressure. With more buyers taking positions $0.0000071 in the supply area may be retested.

Please add a valid coin_id. You can get it from coin page's url (slug or short name).

 

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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