Cronos (CRO) has recently been steering a less volatile sideways course. We have identified a beige Target Zone between $0.13 and $0.08, which should catch the low of the ongoing wave [ii] in green, thus presenting an opportunity to open long positions. However, if the price directly breaches the resistance at $0.23, we will have to consider the green wave alt. [ii] as complete, and the outlined Target Zone will be missed. We assign a 33% probability to this alternative scenario.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.