On the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold.
The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition.
The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase.
All further details are shown on the chart.
Goodluck!
The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition.
The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase.
All further details are shown on the chart.
Goodluck!
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