Cronos / Tether

CRO / USDT 1W Interval- support and resistance

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Hi, let's take a look at the 1W CROUSDT chart. It is worth noting that we have dropped below the long-term uptrend and we are currently in the downtrend channel marked in blue.

Looking further, it is worth determining the support that the CRO has in the event of further declines and here we can see that the price is currently in the support zone, which is from $ 0.111 to $ 0.098. If the price drops below this zone, the next strong support is around $ 0.584.

Now let's move on to the resistance that the price will have to overcome to keep rising, and here we see that the first resistance zone starts at $ 0.137 to $ 0.162. The next zone starts at $ 0.199 to $ 0.261.

Let us pay attention to the CHOP indicator which shows that we have a lot of collected energy. and the MACD indicator which shows that despite the current decline we are in an uptrend.

Penafian

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