CROUSDTCRO ~ 1W
#CRO Sooner or later this key support will be retested. if that happens, this would be a pretty interesting buy, at least for a 20%+ short-term gain
Crousdsignals
🟢 CROUSDT - 4H (29.09.2022)🟢 CROUSDT
TF: 4H
Side: Long
SL: $0.107657
Pattern: Bull Flag
TP 1: $0.111851
TP 2: $0.114481
TP 3: $0.116608
CRO going to break out roughly within 24 hours. Enter now and DCA or wait for price to reach red area.
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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