- The short and medium-term outlook is in Tthe uptrend.
- Responsible buying may be considered.
CRO/BTC Medium-term Trend: Bullish
Supply zones: 0.0000086, 0.0000088, 0.0000090
Demand zones: 0.0000030, 0.0000020, 0.0000010
The cryptocurrency is in an uptrend in its medium-term outlook. Shortly after yesterday opening, the bulls briefly push the coin to $0.0000074 and lost momentum at the trendline. The bounce was expected as the bears stage a gradual return with a bearish spinning top.
Increased momentum drops the coin at $0.0000067 before the end of yesterday session.
The bears sustained the momentum as the market opens today as CROBTC fell to $0.0000064 closing the candle as a bullish doji an indication of an imminent trend reversal.
The bulls area currently in control of the market with a target at the trendline in the medium-term. This is further confirmed by the signal of the stochastic oscillator as it points up at 38% suggesting upward momentum. $0.0000072 at the trendline is the bulls target.
CRO/BTC Short-term Trend: Bullish
CRO/BTC is in an uptrend in its short-term outlook. The bulls took control of the market at $0.0000064 after the formation of the bullish spinning top. Price rose to $0.0000070 breaking the resistance at the 10-EMA.
The stochastic oscillator signal points up at 51% an indication of upward momentum in prices of the cryptocurrency.
Price is above the 10-EMA an indication of bullish pressure. With more buyers taking positions $0.0000071 in the supply area may be retested.
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