$CROUSD bouncing at the trendline

After seeing a capitulation, rarely do we see an immediate reversal back up.

Even if the current trendline sends a strong signal to the bulls, it is unclear if a reversal is imminent or is this just a temporary relief bounce.

We noted that 2 weeks ago there was plenty of air (lack of market participants) in the region of immediate price action and expected a large movement (could have been up or down) but alas it went dipping.

In my other charts, the BTCUSD charts, we saw BTC bouncing similarly on its trendline, and then it broke support and went dipping hard.

So could CRO follow?

For now, it is probably best to err on the side of cautious optimism and allow CRO to establish a new trading range (TR) first or wait for other confirmations.