Cronos moving above resistance

Buy cronos at it moves above resistance. Volume also increasing and the pullback to 8$ (entry point) on january 16th confirms the new support. Could easily squeeze to 10$ as equity markets keep melting up

Kommentar:

This idea seemed good but Cron is now ending its consolidation phase and will give bettern indication as to future direction. It seems to be stagnating and followiung the indexes downwards. Stay posted for more updates.

Kommentar:

cron rapidly falling out of the wedge as i presumed. Stagnating for too long and seems to be resuming the downtrend. Major indexes shedding largely as well.

Trade geschlossen: Stop wurde erreicht

Kommentar:

As shown after the stop, when falling out of the wedge and stagnating, the inevitable breakdown after going knowhere. Took small loss but always better a small loss than a big loss or a baghold until it picks back up again. Looking for a better buying opportunity.