CRO Double bottom possible short-term rejection

25 nov 2021

Saw a double bottom on the 15 minute chart, might go up to the 0.328 fib level before reaching last level and possibly reversing.

Not financial advice.

25 nov 2021

Nota

Just got rejected at 0.382 again, 0.82 incomming

26 nov 2021

Nota

Made it to 0.812 before bouncing off of 0.74. Next target 0.66 before stabilizing. Pretty much nailed the trajectory with my drawing lol.

As you might see, if this scenario plays out it will form a head and shoulders pattern in which case hitting new ath in 2021 will be unlikely.

26 nov 2021

Nota

We hit the target at 66.16 cents perfectly. Likely only going up from here for a while, made a shit ton of profits on this one :)