Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.