Crypto.com Chain Price Prediction Today: Daily (CRO) Value Forecast – June 7
- Range price movements have been prevailing in the CRO/BTC market valuation presently.
- The bears' force may soon get exhausted in their consolidation moving mote of the CRO/BTC market.
CRO/BTC Medium-term Trend: Ranging
- Resistance levels: B0.0000095, B0.000001, B0.00000105
- Support levels: B0.0000075, B0.000007, B0.0000065
After a sharp decline in the market of CRO/BTC, the crypto-trade operations have now resorted to featuring a series of choppy price movements. The current range movements started at the fifth formation of 4-hour candlestick on June 4 while price couldn’t move southwards further.
The Bollinger Bands have now moved closer to one another to seemingly continue to trend towards the east. The 50-day SMA is also located within them. The Stochastic Oscillators now consolidate around range 20 near the overbought zone.
There are indications backing the continuation of the current range into witnessing a lower range zone. The presumed price movements may not largely be in favor of the bears for long in the medium-term run.
CRO/BTC Short-term Trend: Ranging
The market movements of CRO/BTC trade line today have been choppily coming on underneath the trend-line of the 50-day SMA. Yesterday’s trading operations saw lower lows closer to the SMA indicator. The 50-day SMA is located under the Bollinger Upper Band. All the trading indicators now move towards the east direction to ascertain the degree of the market’s range movement. The Stochastic Oscillators are now consolidating around range 60.
As long as the market moves within ranges B0.0000084 and B0.000008 marks, the market’s definite direction would remain dicey. However, a reversal from a bearish move might be technically ideal as the bears are not expected to be in the control of this crypto-market for long any longer.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.