As seen, CRON is forming a H&S pattern with shoulders at 9.14 to 9.42 range. End of shoulder is at 7.00. End of H&S pattern is at 4.92.
Its about to go tits up. Target on this H&S is sub $0. Major bear trap or bankruptcy? We shall see!
🟢 $CRON Target 10.53 for 31.30% Or double position at 5.51 I added here because it bounced off of support… RSI looks great on the daily... ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. Numbers with an A are places that are a good idea to add if you...
Much like Tilray, Cron is currently at a key supporting trend line as well (red dotted line). Stop loss would be below $6.85 Please see my Tilray idea below for a similar setup.
Watching $CRON here to continue making higher lows needs to get above EMA's at around 8.30 to 8.50, then clear wave 1 high around 9.50 This is simply a journaling exercise to keep track of my predictions.
$CRON Target 10.78 for 30.35% Or double position at 5.80 Support Bounce here too— I raised my target a little for CRONos... Let's go, canna-bulls 🤣 I'll let myself out... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account...
Price analysis is in a support and resistance region. Take profit at region $11.3
CRON had a good breakout followed by good buying with volume heading much higher. Try to get IN during a pullback if yo can. Target-1 $12 Target-2 $15
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Maybe a bit of a pullback although it looks like its about to pull through that supply zone like its barely there. Somethings up. Price will be going up. If not immediately, at most by fib, which would make a nice cup and handle pattern for those who follow pattern analysis. Supply looks light with candles pointing north. (target practice)
$CRON Target 10.34 for 27.28% Or next add level is at 5.97 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first...
As always, not financial advice, just being friendly. I went a little far with this triangle Idea. I saw an Idea posted with a Fibonacci retracement that lookes much cleaner @AmazinRaisin but I'm sticking with mine. Like if you agree with anything I said or comment or both.
I did a FIB retracement on this run up and price is right in the golden zone of .618 and .65. Also, It coincides with a demand zone where buyers should step in. On the Weekly RSI, there shows signs of hidden bullish divergence. With higher time frames, the higher the probability the hidden bull div will play out.
I think there is a head and shoulders formation is forming for CRON. I'd short it. This is not trading advice. I'm new to this and wrong more often than right. Please don't listen to me.
I like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo. DYODD
Cycle wave 3 underway. primary wave 2 not yet finished. As long as CRON is above $9, it should go to $27 then $44 eventually. No time scale given, this could take a year or two to play out. This is a mid-long term hold strategy.