CRO bulls continue to target $0.50 as crypto.com bulls hold a fragile support zone

<p>Above the $0.40 price level, the price of Crypto.com remains challenging. Strong selling versus the Tenkan-Sen at $0.40 puts buyers' faith to the test; failure to break above the Tenkan-Sen implies further decline.</p> <p>Unless bulls rally, the price of crypto.com will continue to fall</p> <p>If Crypto.com price movement is to return to an uptrend that targets new all-time highs, it will have a rough road ahead of it. Buyers will attempt to push above the Tenkan-Sen for the third day in a row during the intraday session, but will fail to close above it. The oscillators aren't very helpful in predicting a move, but selling pressure pointing lower is the most likely outcome.</p> <p>The discrepancy between the candlestick chart and the Composite Index is the greatest reason for another downswing, or at least a return to the 2022 bottom of $0.32. On the candlestick chart, the arrow pointing down indicates lower highs, whereas the arrow on the Composite Index indicates higher highs. This type of divergence is referred to as a hidden bearish divergence. Hidden bearish divergence is only relevant if something is already in a downturn — Crypto.com is unquestionably in a downtrend – and serves as a warning that the current uptrend is likely to cease and rejoin the preceding downtrend.</p> <p>Bulls, on the other hand, have the ability to invalidate a downtrend continuation position by erasing the hidden bearish divergence. To do so, the price of Crypto.com must close above the $0.46 mark on January 16. This would result in a breakout over the present bull flag (blue diagonal linear regression channel) and the Kijun-Sen. The price is anticipated to rise to $0.50 from there.</p> <p>If the CRO price fails to break above the Tenkan-Sen, it will very certainly test the bottom of the bull flag and the 2022 low.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Support us!</a></p>