$CRO Looking interesting on the 4H & Weekly
Not a fan of
@cryptocom tbh but the chart looks interesting from a TA perspective!
Textbook bullish Adam & Eve bottom forming on the 4H chart
βοΈAdam sharp high-volume V-shaped capitulation & instant rejection at 0.055
βοΈEve quiet low-volume rounded accumulation base
4H neckline breakout is attempting to trigger right now. But the real magic happens when we zoom out to the Weekly
The Weekly chart shows we are battling at a critical macro support zone (0.067β0.076)
This 4H pattern is forming right at the tip of the weekly wick. Here are the two potential plays:
π’Bullish (fakeout or SFP): If the 4H Adam & Eve confirms and pushes back into the green box, it turns this macro breakdown into a massive Swing Failure Pattern (bear trap). Target 1: Yearly open at 0.09066
After that we could see massive upside as we often see with a SFP on the weekly!
π΄Bearish Outlook: If the 4H pattern fails to clear the neckline and rolls over, macro support flips to resistance, opening the doors for further flush
Eyes on the 4H neckline close. The micro trigger decides the macro trend π