CRO continued its descent last week, making progress in line with our primary expectation. Now, it is not far from the green Target Zone between $0.0771 and $0.0571, into which we expect the price to dip to set the low of the green wave 2. Long entries could be made within the range, with stops around 1% below the lower edge to minimize risk. Once the low is in place, a reversal should occur, and the price should rally to well above resistance at $0.1230.
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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.