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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Oct 1, at the lows — the last lower high is 0.06283
The setup is clearly bearish while CRO stays under 0.06016: the uptrend lost its last higher low at 0.06016.
Backing it: on the daily chart, each peak and each dip has been lower than the last, the indicators favour the sellers' side and the weekly chart is down.
Price is under the 50-day average (0.05928). It is under the 200-day average (0.05993), which sits on the 0.06016 line.
The last 5 days are down 2.3%.
Price is 23.3% under 0.06283, the last lower high, and 0.0% over 0.04819, the trend's low.
The first warning would come earlier: a daily close over 0.04993, the nearest swing high, 3.5% away.
What kills the setup: a daily close over 0.06016, 19.9% away.
For it: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 0.04555 low, 0.06020, so those buyers are losing money.
Against it: nothing on the chart right now.
While CRO stays under 0.06016 the setup stays bearish; 0.04819 is the next line it has to break.
A 1D close above 0.06016 ends the trend change; no tested level above it on this chart — the next round number is 0.07000.
A 1D close below 0.04819 carries the downtrend past its last low; the next level down is 0.04724.
0.04819 is the floor — the trend's low, set Nov 5.
0.06283 is where sellers keep showing up: it held 9 of 11 visits — a heavy volume shelf, 1.7× the volume of an average price band on this chart.
0.05010, the prior day high 3.9% above price: sellers turned price there on 2 of 3 visits; it lines up with the prior week low.
CRO has been in a downtrend since Oct 1: its lows have stepped down (0.06481, then 0.05803, then 0.04819), and so have its highs (0.07105, then 0.07000, then 0.06283). Price is at the trend's low, 0.04819, set Nov 5. The last lower high is 0.06283 (Oct 12), 23.3% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 95% under the all-time high; on the daily, price is below the 200-day average (0.05993), and the 50-day average is below the 200-day average. The daily trend goes the same way as the weekly.
Against BTC: over the last 5 daily candles CRO moved -2.3% and BTC -1.2% — CRO is the weaker chart.
Sellers have had the daily since Oct 1: each bounce has been sold lower than the last, and no daily close has cleared a lower high.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 0.04555 low, 0.06020, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.07000 | +45.2% | swing, read |
| Read ceiling | 0.06283 | +30.4% | read edge |
| Fib retracement | 0.06267 | +30.0% | fib, sr |
| Swing high | 0.06016 | +24.8% | swing, read |
| Swing high | 0.05928 | +22.8% | swing, read |
| 2-TF resistance | 0.05081 | +5.4% | confluent, golden pocket |
| Prior day high (not retested) | 0.05010 | +3.9% | calendar, fib |
| Fib retracement | 0.04976 | +3.2% | fib, swing |
| Daily open | 0.04892 | +1.5% | calendar, swing |
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