Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

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Alright, let's get straight into the discussion, happy reading!!

Cronos Analysis

Today, May 17, 2022, I will try to technically analyze the price movement of Cronos.

SOURCE: TradingView

Maybe many of you still don't know the Cronos coin, yes, that's natural because this coin is still relatively new. If we look at the movement of the Cronos coin as a whole, we can see that the Cronos coin has experienced a very deep price decline to below the price when it was listed on the cryptocurrency market.

SOURCE: TradingView

Then the price movement of Cronos has also passed the support level which is at $0.37.

SOURCE: TradingView

The ADX indicator also shows a Death Cross between the DI+ and DI- lines.

SOURCE: TradingView

Meanwhile, there is an oversold signal given by the RSI indicator where the RSI line is below the lower band.

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