Cronos Trying to find its bottomThe CRO boys couldn't find a sporting event they didn't want to sponsor during 2021, but the main news that moved the needle was the Stables Center name change that saw CRO get the green light for launch from the moonboys. Since then all markets have really struggled during early 2022 and CRO has slowly come back down to earth. The gentle landing indicates to me that CRO has enough dip buyers who believe in the Cronos long term, buying up some disgarded CRO left behind from the leveraged button clickers, which may suggest that CRO is currently a buy at these prices. However with BTC not doing so well maybe it would be best to leave any dry powder on the side until BTC recovers. As always, this is not financial advice, so its not.
Cronos
Cronos CRO Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Cronos CRO is one of the cryptocurrencies that have a lot of potential for a bull run.
CRO/USDT
Entry Range: $0.11 - 0.12
Price Target 1: $0.14
Price Target 2: $0.17
Price Target 3: $0.20
Stop Loss: $0.09
CRO ready for big pumpHello 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 here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
crypto.comhavent posted a crypto.com chart in a while----it once was .75 cents-----and now its .12-17 cents bear market will do that----lol I dont know whats worse the southpark critisim or the fact that I created cro 6 months maybe 3 months before a bear market and it still survived---I think people need to give cronos some credit regardless-because the next 3 years for bitcoin and cronos will be a plus---its just those investors who invested into cronos didnt know the bear market was coming or they did and regardless forgot that they would lose money----wonder how they will feel when this reaches a dollar---some people do have heavy bags still.....invested into cronos....regardless of how the market is currently.....
Cronos: Too Hot 🥵Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
Wait for the break out! Always to your own analysis
But take what you can from others and make into your own.
No one trade or think the same, er alle have diff goals and targets and money.
But the fact is the course is where it is, now its up to you to find out what you wanna do IF you wanna do anything.
📈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 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
CROUSD Is it replicating Bitcoin's 2018 Cycle?Cronos (CROUSD) has fallen more than -68% since its March 28 High and is currently consolidating after a rebound on oversold 1D RSI. Being in a Bear Cycle since the November 23 2021 High, this pattern resembles Bitcoin's 2018 Bear Cycle. Notice the similarities.
Following their blow-off tops and the initial drop that followed, both have consolidated within a Descending Triangle of Lower Highs and when the Support broke, they went into 1D RSI oversold (below 30.00) area. Bitcoin bottomed higher on a -63% drop, marginally breaking the 1.5 Fibonacci extension. Cronos has so far marginally broken the 1.618 Fib ext on its recent low.
Is it repeating Bitcoin's 2018 Bear Cycle and if so can this be the bottom?
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CRO daily chart still intact?CRO daily looks as it may of hit the bottom
according to the DeMark 9 Indicator. Outlined
in the green oval was the crash that happened
the last week...CRO appeared it was going to
start an uptrend until then, if CRO can get back
up to $0.20 and hold it, it should make its way
back up and the RSI is way low and oversold and
should only be able to make a move upward.
When i overlaid CRO and BTC together, it became
very evident that they move togther.