After a massive rally, CRO has now plummeted 50% from the top in just 9 days. Clearly, we can see that CRO is in a downtrend. The question now is, what happens next?
If CRO keeps making lower lows and lower highs, then the downtrend will continue. In addition, the market is showing extreme fear and volatility.
In the most recent dip, CRO has touched the same local support zone from November 18th. If this zone holds, then we may see more upside movement from here and it would be a good accumulation area.
This is not financial advice. These are just my ideas and opinions.
If CRO keeps making lower lows and lower highs, then the downtrend will continue. In addition, the market is showing extreme fear and volatility.
In the most recent dip, CRO has touched the same local support zone from November 18th. If this zone holds, then we may see more upside movement from here and it would be a good accumulation area.
This is not financial advice. These are just my ideas and opinions.
Comment:
CRO is currently testing the upper trend line.