CRYPTO.COM COIN (CRO) FIB RETRACEMENT SCENARIO EARLY FEB 2022
Updated
As you can see, 
CROEUR is still in a clear downtrend with a correction end-December 2021, CRO looks like is going to make a new correction/retracement, here is my scenario:
What makes CRO Long (for the next weeks, globally still in a downtrend)?
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CROEUR is still in a clear downtrend with a correction end-December 2021, CRO looks like is going to make a new correction/retracement, here is my scenario:What makes CRO Long (for the next weeks, globally still in a downtrend)?
- Strong bullish candle
- Crossed RSI for the first time since last retracement
Till where is the to coming retracement to go? - Last retracement reversed at around 50%-61.8% fib level
- To coming retracement is very likely to reverse around the same levels
Retracement or Trend Reversal? - movement looks like a retracement,
- BUT, Crypto.com has recently made an NFT marketplace, and built a Stadium
- Crypto.com has big upcoming projects
- Therefore, new investors may buy CRO and pump the price
What about long term? - Crypto.com has huge potential to hit >10$ maybe it might be within the next five years and with inflation creeping up people are looking for places to put their money to hold its value and coins like CRO will always attract
attention as they market their brand and project very well. - You don't need to buy the current dip, there will certainly be many other possiblilities
Is the price likely to pump again like it did in November 2021? - Most likely NOT, in the next months, maybe in the future
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Have a nice Day : ) Bye!
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Note
Unpredicted bitcoin/crypto crash may delay reversal and CRO may drop further down in the next wave
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