CRYPTO.COM - SEARCHING FOR THE BOTTOM (CRO ANALYSIS)In our previous analysis on CRO, we identified Potential buy areas and DCA zones. However, we've had a hard time having our orders filled.
Not to worry as our trade idea is still on track,
UPDATE:
From the chart above in this current analysis, we can clearly see CRO in a channel up. Notice that after price touched channel resistance the first time out, we took a lengthy retracement back to support, however this was only confirmed after closing below the 360 Daily Moving Average(Blue Line).
We touched resistance for the 2nd time and we can expect our buy orders at the 360 daily MA (in-line with out first horizontal support).
Also notice that after touching the 360 MA, we retraced further down to hit the channel support at least approx. 40% each time.
Should history repeat itself, we can have our bottom below the 360 Daily MA. (I however expect the bottom to be at the W2 support region)
BUY ZONE 1- 360 DAILY MA/1ST HORIZONTAL SUPPORT
BUY ZONE 2- 2ND HORIZONTAL SUPPORT
BUY ZONE 3- W2 HORIZONTAL SUPPORT
BUY ZONE 4- CHANNEL UP SUPPORT REGION.
Cryptocom
CRO bullish ahead of the Super Bowl If you haven`t sold CRO at the top:
Then you should know that it is one of the most aggressive marketing companies in the crypto space.
I expect them, if not run an Super Bowl, then at least to be extremely bullish before the event and few days later.
My price target is $0.58 followed by a retracement.
The support and resistance play in the chart speaks for itself.
Looking forward to read your opinion about it.
CRO daily chart still intact?CRO (Crypto.com) daily chart still looking intact?
Im staying Nuetral at the moment bc its charting a
bear pennant but the RSI had hit the very bottom,
and the DeMark 9 Indicator aslo is reading it
hit the very bottom which is a 80% probablilty,
that Bars Pattern you see would be what it looks like
if the same bull run it has had in the past would repeat
again. look how it matched exaclty up where
the DeMark showed that its ready to move upward.
the price targets are shown on the right side above
the current price, supports are listed on the right below
the current price.
DAILY POST (1/1) - CRO TA (REPOST)- This is a repost of my previous post that got taken down because I was "not respecting the house rules" - sorry for the inconvenience caused. -
See for yourself if my scenarios worked out !
I think that we could see CRO straight up again or make another dip and then recover, I personally believe the second option an I am going to invest.
Its moves are also depending to the course of bitcoin .
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!! Planning on going LIVE on YouTube every evening during next week !! - I'll drop more info later
- based on cycle and log spike support/resistance lines
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CRO to the moon or the toilethere is the 3rd cro update
hopefully we done playing around or we get some what of a relief rally that would make this play out
chart for the potential entry, wait for retest, and i added decent short incase we go the other way make a plan for both
bullish divergence on the mac D and the RSI
CRO daily chart still intact?CRO (Crypto.com) daily chart still looking intact?
Im staying Nuetral at the moment bc its charting a
bear pennant but the RSI had hit the very bottom,
and the DeMark 9 Indicator aslo is reading it
hit the very bottom which is a 80% probablilty,
that Bars Pattern you see would be what it looks like
if the same bull run it has had in the past would repeat
again. look how it matched exaclty up where
the DeMark showed that its ready to move upward.
the price targets are shown on the right side above
the current price, supports are listed on the right below
the current price. Im actually leaning more bullish
than bearish...I see us begin to move upward from now to the next 4 wweks
for a bull run..
Bullish play is still on 📊Let see where it wanna go
Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark.
remember we are in the bear market even thu some are still technical to the upside ( like CRO )
But it all depends on how the market will react.
If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to the 0,20 mark ( biggest CRO support )
and that means we are in a bear market with CRO aswell.
Lets find out where is gonna go to in the next couple of mouths ( stay alert to the overall market aswell since they are in charge atm )
CRO long setup- Multi-month downtrend
- Price seems to have bottomed out
- Broke 50EMA (as in late december)
- MACD curling up ( " " " " " " ")
- MACD histogram green (" " " " " " )
Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple)
However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection from the 100 EMA and a further move down. Despite this very strong bullish candle.
What would you do?
CROUSD will fortune favor the braves again? #CRO 1. Target: $ 0.79
2. Target: $ 0.92
3. Target: $ 2.8 lfg! xD
After 1 Month of consolidation, CROUSD confirmed a 12h break out of the downsloping supply line or the downtrend, which it was in for the last 30 days. Now CRO really needs to reclaim the .537$ level and start closing above it again. If it does, skys or btc the limit. bull divs on different timeframes and the other usual stuff. Funny thing is cro pumped so hard that i couldnt find a real low to fib from. however, theres a 50% discount on CROUSD rn! buy 1 get 2! lol :) Very low risk area imo.
CROUSD Crypto.com Coin Reaching a Point of ResistanceCROUSD has made a bullish run in the past few days and is now reaching a point of resistance and perhaps reversing off of it. The resistance line it hit is at the price where the highest volume occurred, at $0.69, as shown by the VPVR (Volume Profile) indicator. If price does reverse off of this resistance, then it forms a right shoulder and I would be looking for further downside or a stronger trend reversal signal.
Follow me for updates on this chart and others.
Crypto.com Coin (CRO) - December 9Hello?
Welcome, traders.
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Have a nice day.
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(CROUSD 1W Chart)
Above the 0.15101-0.198 section: The uptrend is expected to continue.
If it falls below the 0.377 point, it could fall near the 0.198 point, so trade cautiously.
Therefore, if it falls in the 0.49699096-0.55587072 section, a short-term stop loss is required.
A strong support zone is likely to form near the 0.377 point, so you should think about how to deal with it.
in the short term
First resistance section: near the 0.73251 point
Second resistance section: 0.90914928-0.96802904
First support section: near point 0.37923144
Second support section: 0.20259216-0.26147192
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(CROBTC 1W chart)
Above 500 Satoshi Point: Expected to continue upward trend
Over 900 Satoshi points: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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