$CRO spot buy 15th of july at 0.1227As I mentioned in my $ALGO spot buy, the 50 MA also crossed the 200 MA what could lead to a bullish sentiment. At the right side of the chart you see the VWAP indicator. The big candles stands for the volume at that price range, at that price range I searched for S/R levels.
If we flip the first higher low (green cup drawing) I believe the uptrend will follow up, TP's are in the chart.
If you have any tips or feedback let me know pls!
Enjoy your evening!
CRO
📈Cronos #CRO $CRO (July-15)CRO is forming a Symmetrical Triangle pattern to reverse the trend. On July 13, CRO had a False Break and this is a sign that CRO will increase sharply in the coming days.
If CRO breaks out of this pattern and turns up again, it could move towards the $0.16 zone by the end of July.
However, if it breaks out of this pattern and falls hard, we will consider buying it back at $0.08. The odds of this happening are very low but anything is possible
CRO/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
RR: 25
Possible upside: 1200%
Possible downside: 48%
The bottom for CRO is in. 99.99% sure.
If you take a look at the wave (4) bottom it touched the price around 0.06. It went a bit under the support line. This is a prime example of what I meant by getting stop hunted. When they are looking to take out players who places stop losses on support lines they will go a bit right under to trigger your stop loss.
The stop loss I have placed on this chart goes a bit further than that. 0.055
Wave 2 bottomed around 0.048
0.06 is really close to 0.048 so I'm 99.99% sure the bottom for CRO is in. If we go anywhere near 0.048 this chart is invalid.
CRO longterm targets.hello everybody.
CRO seems to be at the end of an ABC correction and compeleting C wave.
according to the 100% wave A retracement and 261.8% wave B extention
and these two levels overlaped.
this level is a good support level.
and momentum is in oversold area and pulledback to exit this condition.
after end of correction we can see a yellow target level that i show on my chart.
this level contains three important factor:
1-moving average 200
2-old valid trendline
3-50% fibo retracement level of ABC correction.
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FUNDAMENTAL:
CRO have good fundamental and good news these days.
the most important news was partnership of crypto.com
with qatar fifa worldcup.
and in these 4 5 month we can see good grows in this lovely altcoin.
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dont forget to manage your capital and risk.
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if you take a trade you must set a good stoploss.
(NOTE!!! this article is my own opinion and its not a trade advice.
please tarde on your own opinion and use others opinion to improve your
analyze.)
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so i will do that.please support me and i wish use your experience
and you can help me to improve my abilities.
thank you all.have good days.
CRO AnalysisOn the left we an see price hitting 0.5 fib which has been previously seen as a support area, also aligning well with the green uptrend line
On the right the Gaussian Channel indicator shows the middle band as a point of support, price on this BTC pair is just above this Middle Band right now
CRO - Gaussian Upper BandCROUSD chart on left, CROBTC chart on right
The USD pair can be seen to be touching the top of the channel, this provides a possible bounce and recovery point
While the BTC pair has poised itself right in the middle of a seemingly triangle structure, which has some fair supports (shown in the green box and along the white line)
LOCAL REFUND OF THE PRICE CROHello everyone, let's take a look at the 4H CRO to USDT chart as you can see the price is moving below the local downtrend line.
Let's start with setting targets for the near future that we can take into account:
T1 = $ 0.1081
T2 = $ 0.1109
T3 = $ 0.1140
and
T4 = $ 0.1181
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.1061
SL2 = $ 0.1046
SL3 = $ 0.1031
SL4 = $ 0.1011
and
SL5 = $ 0.0984
Looking at the CHOP indicator, we can see that at the 4H interval, the energy slowly begins to increase, while the MACD indicator indicates a local upward trend.
CRO LongHello Traders, here is the full analysis for CRO , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate long position.
Please note that all the information and publications hera are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. What you will find here, are only views of a Cat passionate about Finance.
Double bottom check? Will it hold the triangle format? Let's wait and see.
We also have a lower low, on the rsi, and an double bottom inside the triangle on the daily chart.
CRYPTO.COM +200% Crypto.com an exchange token has been following a specific fractal that has been seen in the 2018-2019 bear market for bitcoin.
This of course is purely speculation and shouldn't be taken seriously until we breakout of the descending channel, I do believe however that we are coming to an end for this years bear market and personally this is when I will be dollar cost averaging into coins that have big upside potential... CRO being one of them
Not financial advice DYOR.
CRO the beginning of the end.CRO as many other PoS cryptos are now finding out; has a bear market burning rate issue. PoS is a return to the old central bank dilemma. You hold for more tokens/currency you burn for the advantages it provides. Without scarcity in times of Stag-Flation these tokens are best positioned to make ATL's. The problem with them from here is that banks are still getting money from the Central Banks and insurance protections. Crypto PoW used to be the biggest threat to banking due to scarcity but PoS now poses a threat that can be countered. I expect 98% of PoS tokens to face legal issues come 2023 due to the Infrastructure bill provisions which protect PoW (No Ethereum is not going PoS untill legal gets cleared. Anyone selling you its a update need is lying. Refer to the infrastructure bill to understand. Vitalik is smart, going PoS before the bill changes would be death.) and make it very easy for prosecurtors to go after PoS for a multitude of compliance challenges that border on the un-feasible.