CRONOS BULL FLAG BREAKOUT
Cronos looks to have closed the daily with a very bullish print of a bull pennant pattern.
We are now trading above key EMAs 50 and 200 after the golden cross occurred back in November 2023 and we are still holding this level very well indeed.
We have this initial rally starting around mid October 2023 and the price increased by over 150% and right now we have pulled back to the 61.8% fibonacci retracement level and found support once again
This is an amazing long opportunity to get into something as big as CRO token with huge utility and major sponsorship deals with Formula 1 and The UFC so i am grabbing it with both hands
Targets for the next take profit levels can be around $0.14 for this next leg up and I will make a new analysis once we reach that level
Overall I am very bullish on CRO and i believe this token can achieve much higher numbers in the long run and i strongly believe CRO will be at the forefront of crypto in the future
We are now trading above key EMAs 50 and 200 after the golden cross occurred back in November 2023 and we are still holding this level very well indeed.
We have this initial rally starting around mid October 2023 and the price increased by over 150% and right now we have pulled back to the 61.8% fibonacci retracement level and found support once again
This is an amazing long opportunity to get into something as big as CRO token with huge utility and major sponsorship deals with Formula 1 and The UFC so i am grabbing it with both hands
Targets for the next take profit levels can be around $0.14 for this next leg up and I will make a new analysis once we reach that level
Overall I am very bullish on CRO and i believe this token can achieve much higher numbers in the long run and i strongly believe CRO will be at the forefront of crypto in the future
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.