CRON looking like...Its about to go tits up.
Target on this H&S is sub $0.
Major bear trap or bankruptcy?
We shall see!
CRON trade ideas
🟢 ADDED to $CRON Target 10.53 for 31.30% 🟢 $CRON Target 10.53 for 31.30%
Or double position at 5.51
I added here because it bounced off of support…
RSI looks great on the daily...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
CRON at Key SupportMuch like Tilray, Cron is currently at a key supporting trend line as well (red dotted line).
Stop loss would be below $6.85
Please see my Tilray idea below for a similar setup.
$CRON - possible local bottomWatching $CRON here to continue making higher lows
needs to get above EMA's at around 8.30 to 8.50, then clear wave 1 high around 9.50
This is simply a journaling exercise to keep track of my predictions.
$CRON Target 10.78 for 30.35%$CRON Target 10.78 for 30.35%
Or double position at 5.80
Support Bounce here too— I raised my target a little for CRONos... Let's go, canna-bulls 🤣 I'll let myself out...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
CRON - D1 :: Short Target - $11.30Price analysis is in a support and resistance region.
Take profit at region $11.3
CRON Had a Breakout going to $12 and $15CRON had a good breakout followed by good buying with volume heading much higher. Try to get IN during a pullback if yo can.
Target-1 $12
Target-2 $15
$CRON Cronus Group trade Setup
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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CRON 29 MAY 2021 (target practice)Maybe a bit of a pullback although it looks like its about to pull through that supply zone like its barely there.
Somethings up. Price will be going up. If not immediately, at most by fib, which would make a nice cup and handle pattern for those who follow pattern analysis.
Supply looks light with candles pointing north.
(target practice)
NEW POSITION $CRON Target 10.34 for 27.28% $CRON Target 10.34 for 27.28%
Or next add level is at 5.97
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Tripping with triangles all the way back to 2018, long on CRONAs always, not financial advice, just being friendly. I went a little far with this triangle Idea. I saw an Idea posted with a Fibonacci retracement that lookes much cleaner @AmazinRaisin but I'm sticking with mine. Like if you agree with anything I said or comment or both.
Cron BottomingI did a FIB retracement on this run up and price is right in the golden zone of .618 and .65. Also, It coincides with a demand zone where buyers should step in. On the Weekly RSI, there shows signs of hidden bullish divergence. With higher time frames, the higher the probability the hidden bull div will play out.
Head and Shoulders Forming on CRONI think there is a head and shoulders formation is forming for CRON. I'd short it.
This is not trading advice. I'm new to this and wrong more often than right. Please don't listen to me.
CRON - Weed PlayI like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo.
DYODD
CRON - Daily long term overviewCycle wave 3 underway. primary wave 2 not yet finished.
As long as CRON is above $9, it should go to $27 then $44 eventually.
No time scale given, this could take a year or two to play out. This is a mid-long term hold strategy.
Cannabis Review and open position chatHi,
A bit of a cannabis sector review and shooting the sh...on indicators and strategy.
Enjoy!
ABC BullishPossible stop under C.
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, in this case RSI but other indicators can be used. Divergence is a concept that can allow a trader to see a possible reversal in the direction of price ahead of time. Generally, an indicator will move in conjunction with the price — if the price is making higher highs, then the indicator will also make higher highs. Sometimes you can see chart patterns like double tops and flags existing both, in price and the RSI.
As a rule, folks use the peaks to draw a negative, or bearish divergence, and the valleys to find a bullish divergence.
No recommendation.
