Updated
Can Cronos recapture the flag?
We saw a strict bullmarket since July 2016. This Trend ended with a Double Top @ 3,5 CAD. Since we made this DT, a shortterm downtrend was formed.
The market seemed to be well secured at the Level ~ 2,5-2,6 - this supportzone was bought several times. A bullish flag was formed. But 4 days ago we left this Level and broke the big uptrend and the flag bodys bottom edge.
Now it is important to recapture this trend for forther Longs. In yesterdays strong tradingsession we could see a nearly-retest of the mentioned breakout-Level, supported by a RSI-uying-Signal.
Is that just a Ross Hook t has Cronos the power to make higher highs?
*Trading below 2,6 ould mean aiming again the low at 2,15 respective 1,95 (EMA200)
The market seemed to be well secured at the Level ~ 2,5-2,6 - this supportzone was bought several times. A bullish flag was formed. But 4 days ago we left this Level and broke the big uptrend and the flag bodys bottom edge.
Now it is important to recapture this trend for forther Longs. In yesterdays strong tradingsession we could see a nearly-retest of the mentioned breakout-Level, supported by a RSI-uying-Signal.
Is that just a Ross Hook t has Cronos the power to make higher highs?
*Trading below 2,6 ould mean aiming again the low at 2,15 respective 1,95 (EMA200)
Note
Note
Kissed the EMA 200 - Note
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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.