CROUSDT
CROUSDT inverse head shoulderCROUSDT could break out of a beautiful IHS after CRO showed some bullish divergence on MACD and RSI at the .886 fib level. and on the left shoulder MACD printed some hidden bullish divergence .
If CRO manages to close a 4h above the neckline of the IHS, it would confirm the breakout and one could open a long. (not finacial advice)
Target of the measured move of the IHS coincides with the .618 and is def a the first profit taking level.
Lets hope BTC can keep rallyin and bring some confidence back to the market.
CROUSDT Complex momentum-shifting-structureCRO been goin crazy in the last couple weeks and it all started with the legendary inverse head and shoulder pattern that formed from june to end of july and broke the neckline in early august. From there CRO been mooning from below $0.1 and hit a ATH around $0.98 on Nov. 24.
Since then CRO sold off after showin bearish divergences on the daily rsi and to me it was quite difficult to tell what CROUSDT is actually doing. But with more data theres more clarity. Its quite astonishing to see all the Patterns that the Chart throws at us.
Instead of callin for exact patterns Names or deciding for one over the other, one should look at what this patterns trying to tell us as traders and analysts.
CRO made a lower low double bottom, broke a supply line (dragon or creek) and flipped it to a support, while forming higher lows and painting another inverse head and shoulder pattern, inside of a potential ascending triangle. All in all its a complex momentum-shifting-structure which could lead to a continuation of the Rally. Also short timeframe oscilators imply that this could be the new bottom for CRO.
With all this intel its getting pretty easy to manage risk here. If CROUSDT can continue to make higher lows and doesnt fall below $0.65 and doesnt break the demand line of the potential ascending triangle its safu.
There are 2 Ways to trade this either with a stop loss around the demand line for a short term trade or with a SL below $0.65 for a short swing trade. But its a small structure at high premium levels so i would not recommend to actually act on this setup. No Value at those levels even tho it could go much higher from here.
Altough there were alot of technical arguments for CRO, the pumpage we saw in the last weeks been mostly fundamental. Crypto.com launched the Beta for their CRONOS EVM-Chain Mainnet on Nov 9. which is revolutinary because the company combines defi with cefi and enables frictionless transfer of defi gains directly on to their visa cards. I used alot of farms and stuff on other chains, but never felt as safe as on CRONOS since CDC is heavily compliant with regulators and alot of projects on chain are financed by CDC so the chance of rugpulls reduces drasitically. I also generate enough passive income thru the Dapps that i was able to quit my job.
this is no financal advice or CRO shilling, just my honest opinion about the asset i monitor the most because i hold 75% of my networth in CRO and multiplied my BTC holdings since march 21 thanks to this asset.
CROUSDT - Close to the resistance area and entry timingKUCOIN:CROUSDT
4H trend chart
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CRO has already broken out the downtrend line.
But it is so close to the resistance area , so the safer way to buy is wait it to stand above 0.777(blue horizontal ray)
If price can take out 0.777 without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 0.8199----Fib(1)
b) 0.8688~0.8886----Fib(1.272~1.382)
c) 0.9311----Fib(1.618)
Stop losses:
a) 0.6851-----Red horizontal ray
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Further lowsFrom experience which isn't much just started this year, but none the less i see a further drop insuing to around between .40 - .55 which around its previous resistance. Though CRO has a lot of hype around it right now so it might take some time similar to what ADA has/is done/doing.
#prollyagoodtimetobuyadatho
$CRO Reward favors those willing to take RisksHiiii World!!!
Looks like there will be false hope before the reward. $CRO is spectated to reach $1 as soon as next week but beware of its strings attached to BTC. I like the fakeout on retracing fully back to FIB 1, that was cute. It's going to get steep in both directions.
I will not be hedging this token (& probably none other) anytime soon, but cannot wait to jump back in and buy $CRO because their Future Value is going to be scrumptious! You will not want to miss out!
With Love,
MS ROBOT
FTX:CROUSD
CROCro, a cryptocurrency that has recently been in the public eye. It is the 10th largest cryptocurrency by daily volume ($1.8 billion), and CRO is the 13th largest cryptocurrency by market capitalization ($21.3 billion) according to CoinMarketCap. With the currency listing on the coinbase exchange, its price has only been increasing making higher highs. At the moment with these crises happening in the market, she is correcting, intraday 60M the price is in a channel. More in larger teams we see that we have a support line where bulls are dominating, prices will probably stay fluctuating until they reach the support line. bull dominance.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
CRO/USD ChartBefore I start to talk about CRO I would be grateful if you could like, follow and comment your thoughts about the idea or crypto in general.
First, I would point out that markets today suffered a big crash, SPX is down, and crypto is no exception. However, I think that in this situations buying strenght is the best option, and CRO has been so strong lately that a pump to 0.80$ is a possible target. The RSI on daily charts shows that the CRO market is still overbhought, but I don't see the coin correcting to levels below 0.60$, so entering a position right now is actual worth it.
Comment what you think.
CRO/USD - Correction in progress, $0.60 must hold, else...CryptoCom Coin had a fantastic rally in October and the first half of November. Now, the price appears to have finally hit a major resistance, which is not surprisingly found at just under $1 dollar. Such key psychological levels will always represent turning points in the price action, and CRO is no different. Despite the ongoing correction, CRO’s performance this week was stellar, with a 40% price increase.
The current support is found at $0.63. However, considering the past rally, CRO might not only correct to the Fibonacci 38% retracement, and it might dip even further.
Looking ahead, CRO’s indicators on the daily timeframe have curved back down after the major rally in the past couple of weeks. This is a clear warning sign, and if CRO breaks below $0.63 support, then things could get even uglier with price falling at half a dollar.
Like and follow if you liked my idea!
CROUSDT # 001 ( 196 % profit in 23 days will be yours !!! ) Hello dear friends.
Good morning.
On daily time frame CRO reject from major Daily Gann Arc resistance which we can consider as first Elliot wave . Now is support from Gann trend line & bottom of the channel to broken Arc resistance & move upward to the defined LVL .
R:R —> 1:14
Thanks for your comments & support.
Good luck & safe trade.
CRO RETRACEMENTCROUSDT will likely continue to retrace to ~ 60 cents (0.618 Fib) before it will have the strength to continue its break out. Be careful as the market is very volatile, do your own research and come to your own conclusions, this is my amateur idea.
Buy order ~60 cents
Stop Loss ~ 56/57 cents
TP 1 ~ 84 cents
TP 2 ~ 98 cents
CRO with great potentialHello.
Below is an analysis of Crypto.com, an exchange that is aggressively marketing and that is snapping up the market.
F undamentalist analysis
Crypto.com has two main products: the centralized exchange and the DeFi wallet.
In the DeFi wallet, it is already possible to interact via the Ethereum network and two own blockchains: "Crypto.org Chain" and "Cronos".
"Crypto.org Chain is a blockchain application built using Cosmos SDK and Tendermint, intended as a backbone for some of the existing and future Crypto.org ecosystem".
It was released about 1 year ago.
"Chronos is the compatible EVM chain running in parallel to the Crypto.org Chain (opens new window). It aims to massively scale the DeFi Chain ecosystem, by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains, with funding from Particle B's $100m EVM fund (opens new window) and access to the 10M+ user base of the Crypto.com ecosystem".
It was released on 8 Nov 2021.
CRO is the native currency of these blockchains to pay gas and make transactions, just as BNB is from the Binance network.
Summary
In my view, Crypto.com has an undervalued market value compared to larger exchanges like Binance.
Also, her marketcap is smaller than worthless projects like DogeCoin and XRP.
So, with the portability coming from the Cronos blockchain to Dapps that already run on the Ethereum network, the trend is to grow even more.
On-Chain Analysis
We consider relevant the Glassnode indicator "Average Value of a Transfer in USD".
Every time we hit a peak (red arrow), we usually hit a top. Except for the green arrow this did not happen.
Therefore, it is recommended to stay alert when this transfer spike reoccurs.
Looking at Fibonaci, the next target I believe is $1.30
Cryptocom Slowly but Surely- Well i always believed that this company can surpass Binance with time (Too Many regulations problems & Shaddy), that said, not meaning that CRO will moon.
- This Token have a real utility as you can back some CRO as rewards when u pay with your Cryptocom Visa ( up to 8% Cashback ), also can stack CRO, etc.. i invite you to Dyor about Cryptocom.
- They aslo strong partnered with Aston Martin F1 and recently with UFC MMA,
- They are working on being fully regulated and this is the most important to have a bright future in Cryptospace.
- TA parts is clear, we are having a slowly but regular growing uptrend making LL and HH. Looking good and not manipulated.
- imo the real bottom is around 0.06$.
- i will not setup a buy zone as i see this company as a long term invest, but all your buys around 0.1$ are gifts ( if TheKing stays in a bullish trend of course ).
- i will link some of most interesting olders analyses in comments.
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Trading Parts :
Next TP : 0.3$
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Happy Tr4Ding !
CRO Cryptocom Price Target RetracementAfter making 400% in only one month, you can expect for a pullback on CRO, Cryptocom.
If we extend the Fibonacci retracement level from the last support, we can see that the retracement target for CRO is in the 0.56usd area.
looking forward to read your opinion about it.
CRO to .50 CentsJust because I got so much flack posting a bearish chart on $CRO, I HAD to post another one for the moon boys LOL
$CRO bulls do not want to lose the .66 level or else M pattern PT would be .51 with potential for a bounce at .58.
The only thing that saved the last break down was some super bullish news. I would imagine there won't be anymore big news in the short term. Buyers beware hehe
Wait for confirmation of course! GL!
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Disclosure:
This is not financial advice.
I do not take every trade I post.
Never trade off of someone else's chart until you DYOR!
$CRODaily blow off top. Might retrace to 45 to 55c. Good to pick this up or top up.
See this doing a Binance. $3 to $5 target is logical when you expect this to go side by side with Binance and if you see that the bull run will continue til Q1 next year.