Cronos (CRO) - Bullish divergence

8 Eyl 2023

On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.

3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.

4) The macro bull flag forecasts a first wave target of 30 cents.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%

8 Eyl 2023

İşlem aktif

1 Eki 2023

Not

Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.

21 Eki 2023

İşlem aktif

support confirmed

26 Eki 2023

İşlem aktif

GRM support has now confirmed

7 Kas 2023

Not

45% so far

9 Kas 2023

Not

possible swing trade, is overbought

Daily

20 Kas 2023

Not

100% in a little over two months.

22 Kas 2023

Not

140%.

A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.

2-day chart

20 Haz 2024

İşlem aktif

Never a false signal in 2 years. That is amazing.

8 Ağu 2024

İşlem aktif

wink wink nudge nudge

11 Kas 2024

İşlem kapandı: hedefe ulaştı

300%

27 Ağu

Not

50 cents is likely to be strong resistance, it was where market structure previously broke. Look left.