📊 Cronos (CRO) : the moment to bounce back?
After a violent drop, the price of CRO is back on an important support at $0.07. This is where the bulls must react to have a new bullish period!
👉 sector: Layer 1
👉 weekly situation: on a key support
Moving on to the technical analysis:
➡️ bullish signal: staying above the support and the closing low at 0,067$ + bouncing above the moving averages (EMA13/MA30) + closing above 0,11$ + bullish momentum (stochastic coming out of the oversold zone)
➡️ possible targets: 0,18$ / 0,245$ / $0.4
➡️ invalidation: closing below $0.067
After a violent drop, the price of CRO is back on an important support at $0.07. This is where the bulls must react to have a new bullish period!
👉 sector: Layer 1
👉 weekly situation: on a key support
Moving on to the technical analysis:
➡️ bullish signal: staying above the support and the closing low at 0,067$ + bouncing above the moving averages (EMA13/MA30) + closing above 0,11$ + bullish momentum (stochastic coming out of the oversold zone)
➡️ possible targets: 0,18$ / 0,245$ / $0.4
➡️ invalidation: closing below $0.067