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CRO

Crypto.com - Simply Bullish? (Small update v4)Not investment/trading advice. It was requested I updated my TA. Can't provide a whole lot of information.. but the ride with CRO has been great! We have seen a great bullish trend, following the blue bull trend line which has proved to be strong. However it has been broken a few times. Just recently dipping below the bull trend line finding some support above the red zone. The trend still remains intact at the time of writing. Continuing to put in higher lows from the previous break. I went ahead and marked the two main dips to show the higher lows being displayed. (yellow) This does not mean the trend cant break at any time. With stronger volatility being shown as we near closer to mainnet launch. 2 zones were added. Green target zone Yellow caution zone. Red bearish zone extended beneath. Additionally a ghost line at the highs & ghost circles at the short term lower lows cluster. I remain bullish long term, however at this point be extremely careful when trading. If you like my chart, please show some support or leave a thumbs up. Thanks!
Long
by Crypto-TJ
1
Crypto.com - Simply Bullish? (Mainnet Influence)My personal opinion chart. This is mainly for my own reference. If you haven't seen my 1st chart, please check that one for my original bull trend lines. This is just building upon my previous chart. The details are general not exact. -Continues to put in Higher lows . -Staying on course, following the trending the bull line. (blue) -I added a few possible price target zones & range. -Might be another possible breakout around 13th to 15th. -Additionally, a parabolic trendline added for bull range. (orange) -Neutral Mainnet launch box. (large white).
Long
by Crypto-TJ
6
Crypto.com - Simply Bullish? (Small update v3)As usual, not investing advice. I've been very happy with the results so far from CRO/USD but wanted to give a small update. I added a small purple heart line between the blue bull trend line & the orange parabolic line shortly after releasing my 2nd chart. After watching and seeing this line showing strong influence of rejections & possibly now support, I thought it would be a good idea to share with everyone and see what you all think. Cheers.
Long
by Crypto-TJ
17
CRO CRO/USD crypto.com Could be Staged for massive Gains! Crypto.com said it would destroy 70 billion of its CRO tokens, in what it describes as the largest token burn in the history of crypto markets. Now combined with the new flexible staking options on March 19th lots of new people waiting to get into CRO will be able to a flood of new people will start ordering RED, and GREEN Level Cards for sure and other levels too Next the big one CRO Mainnet Launching on March 25th 2021 as Crypto.org Chain! blog.crypto.com These are just a few reasons the user growth is very fast like all very quickly growing companies they are expanding their workforce to accommodate such fast growth! CDC has gone from 5 million to 10 million in a very short period of time user growth at this rate could see a CRO at $1 this year even $2 ! Overall the fundaments all stacked for CRO (CRO/USD) to soar possibly this month and into spring and summer!
BITTREX:CROUSDLong
by SteveGold325
6
CRO - Cup and Handle formationPersonally I dont grant a lot of weight to chart patterns on crypto assets, but they are all based on buying and selling patterns so it does still apply. This coin is for the crypto.com exchange, one cool thing they offer is a VISA card to spend crypto. Binance, a larger exchange does as well. Going forward though, they do have a better domain name than everyone else though. That said, a cup and handle pattern is a solid bullish pattern and I've personally taken up a position on it. We dont see as many swings to the downside on this one so it seems pretty stable and on the rise. I'm looking to hold this longer term than I do most things, I think this is a great entry point to get in. In the next week they have some great things happening too.
BITTREX:CROUSDLong
by Rikity
CRO - This looks good. Parabolic price movement!Here's a quick look at CRO 4 hr chart. This look very bullish. The price movement Is parabolic atm, and this could explode hard. If 0.2$ level breaks, I don't see anything stopping it, besides BTC crashing. The idea is: Buy the breakout from the level shown in the chart. Take profits at the level shown in the chart. Targets: 1. 0.22$ 2. 0.24$ 3. 0.27$ Follow me for daily trading setups - Telegram group will be available soon BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
Long
by MBM_Crypto
2
Whistle blowing on Crypto.comFrom an speculative perspective on price, this is a bullish post. From a speculative perspective on the longevity of Crypto.com as a functioning company, this is hard news. First off, This post does not go against any community guidelines so please do not remove this post. Everything described is factual. I shared this information on the Crypto.com subreddit and the post was removed three times before I was permanently banned. Others then went on to share this information and were also banned. I have been a long-term customer of Crypto.com and currently hold the Rose Gold visa card. What's happening? _____________________________ The primary reason that the MCO token was deprecated was because it was created with a supply that would not support the longevity of cashback and interest earned on cards. This is one of the fundamental reasons that CRO "made sense." Recently, Crypto.com committed to burning all but 5.9bn CRO to be used for "mainnet block rewards for Chain validators and delegators which helps secure the network." With growing adoption and ridiculous rewards (compounding rewards for everyone), CRO is being dished out at an incredible rate to users. Now that Crypto.com have burned all of their reserves to decentralize the currency, there is not a sustainable source to continue these rewards which are the primary function of this service. I alone am earning 600CRO/ week from earn and around 100CRO/ week in rewards compounding... that's at least 36k CRO a year. Let's just say for arguments sake that across the board, (remember black card holders as well), the average user earns 15k CRO a year in total rewards. There are currently 10m users which is a rate of 150bn CRO per year in card and cashback rewards. If you're really bad at basic maths, I can make it even more clear. The base of users will definitely earn around 1k CRO a year - that's hardly anything. We know there are more than 10m users based on figures provided by Crypto.com. That means 10bn CRO a year are being rewarded in a scenario that we can all agree is an absolute. We are in a situation where there are only 5.9bn CRO allocated to "mainnet block rewards", so we don't even know that these will be used for cashback and rewards. Apart from that, there will be no more CRO available to provide rewards to cardholders. What does this mean for Crypto.com? ____________________________________ We have approximately six months until CRO available for rewards are completely depleted in the best-case scenario. If we use likely estimates, there appears to only be enough supply available to last until the Mainnet launch at the end of this month, so there are some major changes to come for Crypto.com users and investors. The one thing that makes this system work is the fact that these cards have better rewards than competition. How can this continue if there are no rewards at all?! Once supply is gone, Crypto.com is not going to be able to provide rewards to users in the form of CRO. We can only assume that they have another plan. What does this mean for CRO Investors? ________________________________________ Supply is running out! Hurrah! We can only assume that the burn by Crypto.com was their last hurrah to drive up the price and get rid of personal holdings before initiating their next plan... Or is this their exit strategy? Regardless, CRO is going to go up in price at an incredible rate until we know what is going to happen at Mainnet. If anything, this is a race to cash out at the top. Good luck to all.
HITBTC:CROUSDLong
by GrantPeace
13