CRON-Held support from yesterday by 11 cents @ 17.40
-Broke resistance @ 17.93
-Short term hourly support @ 17.90
-If it doesn't break 18.76 (daily resistance), it's just a daily lower high keeping the overall downtrend in tact
CRON trade ideas
$CRON CRONOS LIGHTS UP WITH A LITTLE GREEN. PURE AND SIMPLE THIS IS A SHORT TERM GAMBLE, LONGING CRONOS WITH TIGHT STOP LOSS.
CRON close to dropping below the IchimokuCRON looks to be consolidating after its recent drop after its poor earnings, and has spent over a week now consolidating in the Ichimoku cloud, building lower highs and not showing much bounce strength.
Obviously, the one risk factor here is that they have investment from Altria and could come out with some M&A or international development. But other MJ companies are too expensive right now for M&A, and I internationally, the marijuana movement seems quiet.
I predict it will fall out of the cloud for a short term short trade.
CRON - 4h buy for C waveCron is making flat pattern.
Looking like good buy for the C wave before more downside continuation.
RECUPERACION DEL PRECIO Pienso que tendenicia la americana hacia la legalización del canabis, contribuirá a la recuperación del precio de las acciones, y que pronto buscará de nuevo sus máximos anteriores.
$CRON Cronos is a little HIGHCronos like many other Cannabis stocks just got to HIGH, but in the long term CRON has massive potential and intends to double production potential. The biggest issue with CRON is its extortionate PE ratio, it comparison to some of its peers.
CRON 4.1.19No Joke. ... cause it's that day, ehhh, ok. so;
We could find support at the current level, on the 786, but if we don't it's likely a more complex correction that just might land in the golden zone, possibly maybe.
>>>I'm a noob in the #mj markets but this is a classic wait and see for me in my own opinion here basically mostly based on my own opinion which is that of a noob so I'm not entering into these markets until I've given a proper ocular patdown of each asset. <<<
The ol green box is a possible buy area in my personal opinion personally.
This is a market that is susceptible to fundamental news. (Unlike the trusty video game world of cryptocurrency where it's almost entirely speculative, traded 24 hours a day, with actual robots placing orders). Ok honestly there are robots placing orders in every market so you just gotta summon your inner John Conner and pony up buckaroo. I'm not much of a fundamental guy yet but as I'm branching out into other markets I realize it has more value.
If anyone out there has recommendations for insight into the cannabis stock arena please comment below.
#internetmoney #marijuana #uranium
We live in strange times my friends,
strange times,
Peyote
CRON new long tradeClearly my view that the pennant would break to the upside was mistaken. Anyway - all is not lost, I think, in fact we have bottomed here. Stop under the rectangular box
CRON blast off soonCRON creating a really nice ascending triangle pattern - Expect a breakout which takes it up to the 30 region shortly.
CRON scamWatch for the tightening range showing up on the shorter time frames, use your head people. Crap earnings, ontop of already being way overvalued. Take every piece of news with a grain of salt. Always remember that the big institutions are out to get retail traders. Stay one step ahead.
CRON starting to make long term senseI've been trying to make sense of CRON for some time. Finally, we see direction emerging. Channel found, short term moves on par with analyst targets. Looking for the lower bounds of the channel for an entry, otherwise not interested.
28mar2019 $cron upadate @cryptoKnee part 2spelled my name wrong...I R adult...Looks like there is some geometric and fib reactions on on the daily charts , but will this pivot hold??!!!...weeklies are like meh ...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
28mar2019 @cyrptoKnee $cron UpdateLooks like there is some geometric and fib reactions on on the daily charts, but will this pivot hold??!!!...weeklies are like meh...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
CRON potential retracement starting.What a fascinating ticker to watch. Forget about what the analysts or ER reports say, people just seem crazy for this stock. Missed the dip buy this AM / no current position. Watching for return to red zone for buys if there is a double bottom.
CRONEarnings downgrade
-broke key support 17.71
-resistance 18.46 (high of yesterdays bounce)
-lack of weekly support if 17.71 breaks
-bulls need to break 18.46 on the hourly
-look for daily higher low to form under 21.10
CRON - Time to Short?Interesting break of support today. We've been waiting for this move for months. Ever since the parabolic upward curve was snapped, as shown in pink, we've had a sideways move, until today!
This is a great time to short CRON as we want to get back down to the buy line around the point D of the Bat Pattern.
This would be a great time to load up again as we did last year before all the hype ran the price up.
This is still a long term buy, but it is so volatile we can play it up/down/ and up/down again.
Weed is really cheap here in Oregon (not that I partake)... just simple supply and demand...
lets let the price cool off a bit and look for some panicky sellers as soon as the price breaks support.
In fact if we get so really bad news added soon that would be a get time to buy when fear is really bad and we can take the stock from weak hands :)
Old Fart
CRON 3.25.19Just digging into the #mj stock world. Looking at Cronos. Possible H n S pattern forming. Charts are fractal. We see repeating patterns. Maybe it's because the human brave craves form in repetition or maybe there's some deeper underlying level of connectivity. Either way we saw a head and shoulders play out earlier with very similar volume and RSI characteristics going along with similar price movement. We wait and see if it plays out here again.
(It seems like the SPY has stronger correlation to the cannabis world then the crypto world so that is also something to be mindful of.)
CRON looking fairly technical with what appears to be an impulsive wave up so far on the bigger chart. If that is correct then looking towards fibonacci levels during the correction seems prudent.
Is the marijuana stock world another bubble burst or about to burst or just on the cusp of filling towardst a big old balloon of cash large enough for every one to get a huff before it finally eventually inevitably bursts?
Time will tell...
Keep on huffin
-peyote
CRON Bubble Popped: Fibonacci Retracement InitiatedThis sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh.
Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form.
Bought a 50 delta, March 1st put on it - expecting to hold till around the $16 level. If you hop on the short train, be ready and be careful; this is about to be a wild ride.
Cronos Group Makes It's Way Into Consolidation phasePrice can break above the resistance line or support line of pattern.
