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.
