This downtrend will stay till 60 cents... exactly as predicted!So like I said we got a correction at CRO. I know many of the comments werent positive about my statement, but I wanted to say that im generally bullish on this project which provides a good exchange, but right now it needs a correction. The correction will go to the golden pocket (0.60 dollars) in my opinion. So then you can buy again and you would have avoided a 35% loss!
Hope you learned something about the market, if you have analysis ideas write them down in the comments!
CRO
Crypto.com price crashes, falls by more than 18%CRO price crashes by more than 18% on Thursday
The nearest resistance remains unbroken at $0.915
A retracement towards the $0.66 support level was witnessed
CRO price analysis is bearish for today as prices crashed. The Crypto.com Coin went soaring high in the past few weeks, destroying all the resistance levels in front of it. However, the 13th biggest cryptocurrency at the time of writing wasn’t able to retain its bullish dominance today.
Crypto.com’s price turned bullish after the announcement of the Staples Centre deal with AEG that was valued at $700 million. On Wednesday, the cryptocurrency made a new all-time high, rising as high as $0.9698 on some exchanges. However, currently, the coin is down by 20.7% from its all-time high.
Sell your CRO exactly right now!How I told you already at SHIBA before the correction, if we got a parabolic cure we will most probably fall out of it at the sharpest uptrend point. This point is exactly right now at CRO. It needs a correction! Around 60 cents you can buy again (because there is the golden pocket 0.618 fib level), and then we could see 2 or 3 dollars.
Hope you understood the market better, if you have any ideas write them down in the comments!
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.
----------------------------
Trading Parts :
Next TP : 0.3$
----------------------------
Happy Tr4Ding !
Possible CRO playCrypto.com has tripled since the beginning of this month, which obviously gets people's attention.
I highly doutbt it will repeat its 3X another time, however if you're looking to make something on this move, this would be my point of entry.
Another point of entry could be the green zone around $0.80 even though it would give us a lower low on the 1H.
Did you catch some profits on CRO yet?
The rise of $CROWOW, what a time to be alive! I'm sure I'm not the only one that stayed up all night watching Crypto.Com Coin creep on up. I am in no way saying that I am getting out of this, vice versa will probably diamond hand it, because I learned my lesson on getting out early and trying to find a way back in. BUT... what's up with this pattern? I am seeing a rising wedge, meaning this could be a time to sell? Will we ever see the .60-.70 cent range on this again? Either way, I'm going to HODL- I would like to purchase more of this, trying to find a good time. What are y'all thinking?
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!
---------------------------------------------------------
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!
CRO Expected Range This is my newest expected range for CRO, this is a great long term investment yet also has day trading advantages as well, The main thing to pay attention to in this is the diagonal lines that are red, yellow, orange and red. The constant growth and explosiveness of this is coin as of late is due mostly to the huge Twitch deal they made on top of the Visa deal, The Twitch one will pay off in users going to the site and using it causing the value to increase, they have done great in marketing and this range imo is very reasonable, you can continue these lines and get an idea of price over time, I say its a good coin till at least next year, could be great.
Lookin for my entry for a VERY long positionLooking for a good entry on CRO. Made the mistake of overlooking this one EVEN after hearing about the Staples Center being bought by Crypto.com. I see LOTS of potential for this project and token and am trying to find my best entry point. RSI is above 70 and MACD looks like it needs a cool down as well, hopefully a retest of the .382 at about .6 can happen and any lower than that is just more buying opportunity. Remember to DCA (Dollar Cost Average) if this is a project you believe in after doing research, best of luck to all!