CRO is about to make a big MOVE!
Hello, today I would like to share my analysis on COINBASE:CROUSD . As you can see in the chart (4 hour timeframe), for the last week CRO was forming a pennant/triangle form. In my opinion the next CRO move should be extremely important for the next week or two (if nothing special happens like staples centre getting new name). It is possible that it will brake from the triangle and reach new all time high, however other option is that it could brake short and drop a bit. From the chart you can see that it should drop to around 0.6$, and stay at that level.
On 1 day timeframe chart, MACD indicator is showing bearish move to be happening soon. So option 2 is more possible.
What are your thoughts?
CRO
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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QI BENQI/USDT price hourly Benqi listed CryptocomFrom inception, BENQI’s goal is to bridge the gap between Decentralized Finance (DeFi) and Traditional Finance. Crucial elements involved in this were prioritizing security, stability, usability and reduced barriers of entry into Decentralized Finance for the masses.
The first step of this vision was with the launch of the BENQI liquidity market protocol on the most scalable and regulatory compliant blockchain network — Avalanche. Since the launch of the protocol on August 19, BENQI has achieved:
1st protocol to hit the $1 billion Total Value Locked (TVL) mark on Avalanche
$2 billion worth of supplied assets in the first 2 weeks of launch
13,000+ total unique users
Peak of 3,000 daily active users
$1.2 million in 30-Day Protocol Revenue
1st recipient of the Avalanche Rush initiative
1st protocol on Avalanche to adopt Chainlink’s decentralized price feeds
First month milestones
BENQI’s lending and borrowing protocol filled a crucial gap within the Avalanche DeFi ecosystem by providing a safe, secure and user-friendly solution for users to supply assets to earn interests and/or borrow assets in an over-collateralized manner. With over $2 billion in total assets supplied, and the catalyst for bringing significant TVL into Avalanche, BENQI’s first product has shown clear product market fit.
As DeFi matures and creates inroads into the institutional and traditional financial world, it is imperative that additional decentralized financial solutions are created. This enables diversified yield options, improved risk management, and greater capital efficiency, while building on DeFi’s promise of financial transparency and trust-minimization.
BENQI outlines a vision of enabling further democratization of financial products with additional protocols and improvements that align with our goals and vision.
Product Roadmap
Liquid Staking — In Development
The evolution of sybil resistance mechanisms for blockchains transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has enabled a shift in barriers of entries for users seeking passive returns in exchange for securing networks.
Avalanche is a PoS network that generates fixed returns for users “staking” their assets to secure the network. This is done by staking the native Avalanche token, AVAX on validator nodes. While this provides users with rewards, it also bonds their tokens to the nodes essentially locking it up for a predetermined time. Additionally, PoS and DeFi are not inherently designed to be compatible with each other.
Liquid Staking provides a solution for capital efficiency in PoS networks, offering users the opportunity to unlock their “staked” capital to be used on Decentralized Financial platforms. This provides users the benefits of passive returns on their staking rewards, while also being able to use their staked capital on Decentralized Financial applications seamlessly to manage their risk exposure and/or earn additional returns based on their strategies.
BENQI will launch a Liquid Staking solution for users of the Avalanche network, providing the seamless unlocking of staked assets to be used on the Avalanche C-Chain. The liquid asset (sAVAX) will gain instant utility by being supported on BENQI’s live lending markets. Further, the composable nature of the Avalanche C-Chain enables users of the liquid staking protocol a variety of options to utilize sAVAX, improving capital efficiency and providing a wealth of strategies to both users and developers of the Avalanche ecosystem. The exact architecture of BENQI’s Liquid Staking solution, along with the QI token’s role within it, will be released in the coming weeks.
BENQI Liquid Staking
Lending and Borrowing Protocol — LIVE
BENQI first launched on Avalanche when the ecosystem TVL was at roughly $250 million (the current TVL is ~$3.6 billion). Due to the lower network activity and thinner liquidity at the time, the solvency of the protocol was prioritized for the worst case scenario of a market-wide crash. Therefore, the initial protocol parameters, such as the collateral factor, were set at conservative values to enable the efficient liquidation of under-collateralized loans, ensuring solvency of the protocol.
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 = huge buying opportunity if market remains bullishCRO = huge buying opportunity if market remains bullish
Ideal Entry .70
Target .90+
Stoploss under .65
Crypto.com is doing so many extremely bullish things, if they keep up the hype, they would easily overtake coinbase.
Especially with the holiday season and everyone meeting up with friends and families.
There is literally no other company out there that is pushing crypto adoption better than Crypto.com.
Supporting them at this point is like supporting the pillar and foundation of cryptocurrency.
CRO Price update 25th of NovemberKUCOIN:CROUSDT
We saw a good run on CRO that played out pretty well as my previous analysis of the coin back in mid November. CRO is currently retracing back to the lower support at around 0.7 $ area we could see a bounce sooner but I think 0.7 cent is on the table seeing the explosive growth we got in the last 2 weeks without a real retracement. After some consolidation I think CRO is going to go up again and finally hit that 1$ milestone this year.
CRO Crypto dot com had an important support bounce confirmation.CRO Crypto dot com has been having really nice pumps since the end of OCT. The most important movement happened to it recently. We started to form a broadening wedge for a few weeks now, we finally had a bull pump breakout push it thru around Nov 21. Then the breakout went up to .98 which is the ATH (besides that crazy 1.2 wick). The great news is the previous resistance we broke from around .656 has now been bounced off of as support. Weill that bounce recently gave us candle confirmation and it should continue bull for now. CRO is something I plan on scalping a lot. I will be watching it closely.
CRO to .34 $CRO just completed a smaller head and shoulders pattern with a nice bounce back shortly after. Bitcoin is on the brink of breaking down further and if it does, this larger HnS could play out violently.
Be careful out there CRO Bag Holders. Rug pull looking likely very soon. At least the marketing is good!
#CRO - If you don't buy here, IDK where will you...CRO did an amazing job during the last month, but as natural it had a beautiful retracement in the last two days. These are the exact opportunities that the patient people get and actually make money. Every indicator says this is the sweet point to long.
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!
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