CRWBTC Latest Technical Analysis 55% target projection.You can see the Chart of CRWBTC on Daily Timeframe .
It Seems Like correction period End.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Adil Khan
CRW
Crown is Trading Near $0Today Crown has found the low at $0.2, which is very close to the all-time low, not to mention it is very close to $0 value. There is not much more room to go lower and investors might start seeking a long term buying opportunity near the current price.
At yesterday's low, CRW has rejected the 161.8% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. So far, this support has been rejected cleanly and if price stays above, trend reversal could be the case.
Nevertheless, the Crown stays a risky investment along with most altcoins at the moment and Bitcoin continues to move down. If current support is broken, short term trend reversal potential shall be invalidated. But if price starts to move up and breaks above the $0.57 resistance, it could be the first sign of a strong rally, or at least a corrective move upwards.
Whether it is the bottom of the downtrend or not, yet to be see, but investors will probably start seeking the buying opportunity from this point onward.
Crown VS Bitcoin Bullish DivergenceToday Crown has formed the bottom at 8365 satoshis, prior to which price broke above the descending channel. Nonetheless, it failed to break above the 8/1 Gann Fan trendline which formed the resistance at 12700 satoshis high.
The interesting point is that RSI has already formed a bullish divergence and at the same time broke the downtrend trendline, which could mean that CRW/BTC have some intentions to reverse to the upside or produce a corrective wave up.
Although price could go below todays' low, it is still seems like the buying opportunity is just around the corner. But to confirm this it is better to way for a break and close above the 12700 satoshis resistance. Only then the corrective wave up should follow, which could result in a growth towards one of the previous resistance levels, either 20200, or 37000 satoshis.
Crown retesting supportCRW is an interesting coin with tiered masternodes (Sytemnodes and masternodes) actively used by the community to submit and vote for proposals.
Accepted proposals include the integration of the OMNI layer which should complement well the ongoing development of the identity layer as stated on the roadmap.
Downward breakout of a rectangle top as well as an older support level has me looking to accumulate around 20-22k satsoshis.
$ARK — it has that name for a reasonI'd say this chart speaks for itself. This coin popped up on Bittrex in the halcyon days of March 2017, back when $ETH was still under $50. It pumped, but like $CRW, didn't go crazy moon-time like $STRAT or $PIVX did. Instead it established the beautiful fractal pattern you see here. The longer they accumulate, the harder they... distribute? is that how it goes? Anyway, it's called $ARK for a reason: you're gonna wanna get on this boat.
