cro

On the weekly chart, CRO/USD continues to respect a long-term ascending channel that has been in place since the 2022 bottom. Price has repeatedly bounced from the lower trendline and previously made strong impulsive moves toward the upper resistance.

Notably, previous major rallies within this structure took approximately 266 days from bottom to top, which aligns closely with the current market structure and timing. If this cyclical behavior repeats, a similar move could be in play.

At the moment, price is once again trading near the lower boundary of the ascending channel, an area that has historically acted as strong support. This zone also coincides with long-term moving averages, adding confluence.

Key points:

Clear ascending channel on the weekly timeframe

Repeated reactions from the lower trendline

Historical moves show ~266-day expansion phases

Potential upside of approximately +300% if price reaches the upper channel resistance

This setup favors a long-term swing or position trade, provided the lower channel support holds. A breakdown below the channel would invalidate the bullish scenario.

As always, this is not financial advice—manage risk accordingly.

#CRO