CRO
CRO - Rebound Will Now be Tested Breakout and continuation of the Rebound?
Or Rejection and more trouble?
CRO has failed to excite us further but remains a serious player in the industry.
Analysis:
Crypto.com Coins (CRO) has dark clouds forming on its horizon as CRO price development is set for a bearish breakout on the pennant it is forming at the moment. As the price will nosedive, expect bears to have an easy ride before running into bulls that will start to buy into CRO price action. With that, CRO will lose around 20% of its value and will hit $0.31 before being halted by broad buying from bulls and investors.
CRO price is awaiting bulls for a pick-up
Crypto.com Coin is entering its fourth consecutive day in the consolidation of the pennant. As price action looks set to break the pennant, a lower stage is set as the outcome of the pennant. Bears already have their hand in the price action with the rejection of CRO price at the monthly S1 support level at $0.43. Not only the S1 but the 76.4% Fibonacci level and a historical level all fall in line around that area, making it an adamant level to punch through.
Yes, a lot will depend on Bitcoin as well as the markets:
Should US markets see a significant shift toward risk with indices firmly in the green, expect a possible break and pop with the tone set for next week towards $0.50.
One Love,
the FXPROFESSOR
CRO to the moon or the toilethere is the 3rd cro update
hopefully we done playing around or we get some what of a relief rally that would make this play out
chart for the potential entry, wait for retest, and i added decent short incase we go the other way make a plan for both
bullish divergence on the mac D and the RSI
CRO daily chart still intact?CRO (Crypto.com) daily chart still looking intact?
Im staying Nuetral at the moment bc its charting a
bear pennant but the RSI had hit the very bottom,
and the DeMark 9 Indicator aslo is reading it
hit the very bottom which is a 80% probablilty,
that Bars Pattern you see would be what it looks like
if the same bull run it has had in the past would repeat
again. look how it matched exaclty up where
the DeMark showed that its ready to move upward.
the price targets are shown on the right side above
the current price, supports are listed on the right below
the current price. Im actually leaning more bullish
than bearish...I see us begin to move upward from now to the next 4 wweks
for a bull run..
CRO trendline breakout hey everybody
wait for a clear retest on 0.43 then you can long
you can also find better entry around 0.43 on 4h chart
we need to see closing this 4h candle above 0.43 then retesting on it !
please be careful because BTC getting close to 40k resistance so could be a chance to fail and all cryptos coming down with it !
not financial advice!
Bullish play is still on 📊Let see where it wanna go
Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark.
remember we are in the bear market even thu some are still technical to the upside ( like CRO )
But it all depends on how the market will react.
If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to the 0,20 mark ( biggest CRO support )
and that means we are in a bear market with CRO aswell.
Lets find out where is gonna go to in the next couple of mouths ( stay alert to the overall market aswell since they are in charge atm )
CYPTO.COM (CRO) GOING FOR (0.33) SUPPORT RETESTKUCOIN:CROUSDT looks like it has broke its upwards momentum and is now heading towards the 0.33 support.
I expect the support to hold
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CRO on my radarI've been using Crypto.com to dip my toes into the lovely crypto pool that's been filling up nicely this past year. As a platform, it's rock solid in my opinion. They started out using ERC-20 coins on the Ethereum network and eventually switched to their own native blockchain. Since then, I have experienced lightning fast transactions with minimal fees, much like Solana.
Crypto.com is different though; it serves as an exchange and strives to be the standard for consumers to pay with crypto, and for businesses to accept crypto as payment.
Despite recent hacks, they are still one of the most popular and secure exchanges. They have a growing user base and have the insurance to take care of any funds that might get scooped up by mean, nasty, terrible hackers.
The exchange has a native token, CRO, and it looks like a solid long term investment in my opinion. As stated before, transactions are fast and cheap. Those are two things I always look for in cryptocurrency. Ethereum is OG, but we all know until it switches to staking it will continue to have high fees and low throughput.
dApps a plenty with the Crypto.com De-fi wallet (and more on the way). You can connect this to the Crypto.com app and moving your crypto to the wallet from the app is easy-peasy. Doing this also makes your shiny coins 100% yours. You get those lovely private keys we all know and love. Full transparency: I currently have some locked up earning interest by staking, helping to secure the network and make it run buttery smooth like my morning toast with apple jelly.
Do what you think is best, I do not advise anybody in the financial world of moneez. These are just my opinions and they might be st00pid so don't take my word for it. Do your research and throw your hard earned paper money at whatever you see fit. It might not even be cryptocurrency, could be Mickey D's or Starbucks. IDK.
MATIC|USD: Strong bearish activity!?MATIC has failed to hold above $2 and is now considered a bearish narrative. The price will likely bleed lower for the next few months as investors are traumatized, and will sell any pops fast. The 200D Moving Average is currently at $1.61, so any short-term bounce must hold above this level for bulls to regain control!!
(My time-frame looks out to July 2022: I'm LONG)
CRYPTO.COM COIN (CRO) FIB RETRACEMENT SCENARIO EARLY FEB 2022As you can see, BITTREX:CROEUR is still in a clear downtrend with a correction end-December 2021, CRO looks like is going to make a new correction/retracement, here is my scenario:
What makes CRO Long (for the next weeks, globally still in a downtrend)?
Strong bullish candle
Crossed RSI for the first time since last retracement
Till where is the to coming retracement to go?
Last retracement reversed at around 50%-61.8% fib level
To coming retracement is very likely to reverse around the same levels
Retracement or Trend Reversal?
movement looks like a retracement,
BUT, Crypto.com has recently made an NFT marketplace, and built a Stadium
Crypto.com has big upcoming projects
Therefore, new investors may buy CRO and pump the price
What about long term?
Crypto.com has huge potential to hit >10$ 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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CRO long setup- Multi-month downtrend
- Price seems to have bottomed out
- Broke 50EMA (as in late december)
- MACD curling up ( " " " " " " ")
- MACD histogram green (" " " " " " )
Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple)
However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection from the 100 EMA and a further move down. Despite this very strong bullish candle.
What would you do?