CronosUpdated CRO Chart Looking Interesting
Quick note on CRO - chart has formed a bullish wedge, and will be looking for a breakout soon.
Assumption is bullish based on trend, HOWEVER the current point is not in my opinion a good point to enter a position - look for a breakout and preferably retest of the upper trendline.
Retest may not come if breakout is strong enough, though.
Be aware that failure to downside is possible, but less likely.
Keep an eye on this one.
Assumption is bullish based on trend, HOWEVER the current point is not in my opinion a good point to enter a position - look for a breakout and preferably retest of the upper trendline.
Retest may not come if breakout is strong enough, though.
Be aware that failure to downside is possible, but less likely.
Keep an eye on this one.
Note
CRO had a false breakdown on this part, currently back inside the pattern. At worst it has broken down and is retesting the breakdown, but I think this is unlikely given market conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.