Cronos (CRO) - Bullish divergence

8 de set. de 2023

On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.

3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.

4) The macro bull flag forecasts a first wave target of 30 cents.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%

8 de set. de 2023

Trade ativo

1 de out. de 2023

Nota

Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.

21 de out. de 2023

Trade ativo

support confirmed

26 de out. de 2023

Trade ativo

GRM support has now confirmed

7 de nov. de 2023

Nota

45% so far

9 de nov. de 2023

Nota

possible swing trade, is overbought

Daily

20 de nov. de 2023

Nota

100% in a little over two months.

22 de nov. de 2023

Nota

140%.

A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.

2-day chart

20 de jun. de 2024

Trade ativo

Never a false signal in 2 years. That is amazing.

8 de ago. de 2024

Trade ativo

wink wink nudge nudge

11 de nov. de 2024

Trade fechado: objetivo atingido

300%