Crypto.com CRO - Ascending Inverted Scallop
The focus on the last part of the course is where we keep an eye on.
The Ascending Inverted Scallop with which we can nicely define the playing field. price target calculated (A - B = $0.15 x 0.64 = 0.096 + B = C).
It also coincides with a Falling Wedge which may be needed to approach the top of the scallop zone. with the slight positive divergence and the price at the bottom of the bollinger band, an upward impulse would not be surprising. does take into account any breakout at the bottom seen on large timeframe that show is present. a possible fakeout based on the goldenpocket shorter trend soon coincides with the 0.382 of the major trend, but if its continues to fall, prices towards $0.40 are not surprising.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)
The Ascending Inverted Scallop with which we can nicely define the playing field. price target calculated (A - B = $0.15 x 0.64 = 0.096 + B = C).
It also coincides with a Falling Wedge which may be needed to approach the top of the scallop zone. with the slight positive divergence and the price at the bottom of the bollinger band, an upward impulse would not be surprising. does take into account any breakout at the bottom seen on large timeframe that show is present. a possible fakeout based on the goldenpocket shorter trend soon coincides with the 0.382 of the major trend, but if its continues to fall, prices towards $0.40 are not surprising.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)
Trade closed: target reached
Tims.Technische.Analyse by TIMTIBBO