The price action formed Double bottom in CRO market; Bullish Movement
CRO/USD Price Analysis September 27
The breaking up of the $0.130 resistance level may push up CRO to penetrate $0.141 and the price will target the resistance levels at $0.157, as a result of the current bullish movement. Inability to break up the resistance at $0.130 level may decrease the price towards the support levels at $0.110, $0.100, and $0.091.
Resistance zone: $0.130, $0.141, $0.157
Support zone: $0.110, $0.100, $0.091
Cronos Price Long-term Trend: Bullish
Cronos is bullish on long-term outlook. A bullish chart pattern formed on the daily time frame, it is called a double bottom chart pattern. The support level of $0.100 has been tested twice; the first touch was on June 18, while the second touch was on September 21. The bullish engulfing candle formed at the mentioned level has triggered a bullish movement. The price is increasing towards the resistance level of $0.130.
At present, the daily bullish candles formed above $0.110 level is an indication that the bullish movement may continue. The coin has broken up the 21-day EMA and 9-day EMA upside. The breaking up of the $0.130 resistance level may push up the price to penetrate $0.141 and the price will target the resistance levels at $0.157. Inability to break up the resistance at $0.130 level may decrease the price towards the support levels at $0.110, $0.100, and $0.091. Meanwhile, the Relative Strength Index period 14 is rising above 50 levels indicate a buy signal.
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CRO/USD Medium-term Trend: Bullish Movement, Tamadoge Scheduled to Be Listed on OKX
CRO is bullish on the medium-term trend. The bears were unable to push down the coin further when CRO price declined to the support zone of $0.100 last two weeks due to the low momentum coupled with the strong support zone.
The price reverses as the bulls interrupted the bearish trend. The resistance level of $0.110 was penetrated upside. The price is above the 21-day EMA and the 9-day EMA with the two EMAs distance from each other. The relative strength index period 14 is at 54 levels with the signal line point up to indicate an increase of Cronos price.
Stay tuned to the crypto news feed here at InsideBitcoins for more updates on Tamadoge’s first exchange listing as the Sept 27th listing date approaches. The OKX website has announced that TAMA withdrawals will be open at 13:00 UTC on the day of the listing.
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