Possible Crypto.com (CRO) breakout
Updated
Hello!
200EMA flipped to support (arrows) and new try of breaking the 400sats level
RSI break on many timeframes
No volume yet to be seen so could be false. We need to get see some buying volume to this go through
Have to be extremely careful because of Bitcoins price action. If Btc falls most of the alts will follow.
Always use stop loss or you will get your ass burned!
1st mistake beginner do is not to use them
-Jebu
200EMA flipped to support (arrows) and new try of breaking the 400sats level
RSI break on many timeframes
No volume yet to be seen so could be false. We need to get see some buying volume to this go through
Have to be extremely careful because of Bitcoins price action. If Btc falls most of the alts will follow.
Always use stop loss or you will get your ass burned!
1st mistake beginner do is not to use them
-Jebu
Note
CRO/USDT on weekly timeframe. RSI resistance trendline broke, but ofc it can fall back. Nothing is ever certain with trading, that's why Risk Management is invented
Note
CRO/BTC on monthly.
Price has to close on a daily higher than the 408sats (bottom candles wick) to clear the resitance which has been tested 4 times on monthly. After this the coast SHOULD be clear
Note
CRO/BTC 4hr RSI trendline resistance turned to supportNote
Break and retesting now.There was good volume behind this move
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