Reverse Head and Shoulder Move - We finally resume the uptrend Thanks to the massive retest on the 52 cents level that then consinued to form a reverse head and shoulder, lots of technical factors point to us resuming the uptrend from here.
There Also the fact that price has crossed the 60 EMA to the upside and is still at an oversold level on the stochastic are two more confirmations that we will se strong uptrend momentum from here on forward in the next several days or weeks.
Cryptocom
Stress free trading. BTC, SOL, Crypto.com, Stock Market AnalysisSometimes we way over complicate our trading.
Back in 2020 you may remember my breakout chart from 10k and since then I have really loosened up my trading.
Bitcoin is succeeding and will continue to succeed.
All I am trying to do now is limit my downside and gain more bitcoin .
Same with Solana.
If you look at my breakout chart for Solana. I bought at $150 but took profits around $260 to be safe.
There should be no anxiety about taking some profit, worse case scenario you miss out on some more upside.
I got back in a little early, around $220 and held this past week through the dip. But, I still added to my Solana position.
I think we can see the push to $300 now if bitcoin also breaks $60k.
Not overthinking this.
If Bitcoin breaks trend into my red zone, then I will sell my BTC and Solana and convert to USDC Staking.
If Bitcoin breaks 60k, I will hold everything and also look at Solana to head up to $300.
In my opinion, we will see 50k again so I'm not worried about taking profits here.
With the massive growth in Solana it is also like we could see sub $200 again, so there should be no stress in taking profit at any price point here, however a successful next checkpoint would be $300.
Along with this, I am also getting into Crypto.com. Mostly because of the naming of the lakers stadium and benefits they provide.
The card is pretty cool, 3% cash back, pays for spotify and netflix which saves me money every month and pays for the staking itself.
I am considering DCA twice a month into Polkadot and staking at 12% rate.
The stock market for now has lost my attention. Many companies are inflated, and many companies are way undervalued, but get shorted to hell.
I will just stick to bitcoin , solana, and staking for now.
At the end of the day, 10% USDC staking is better than market average.
Best,
BK , aka . iampatrick
$CRO Divergence on D timeframe.✅COINBASE:CROUSD
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Thank you.
Possible Targets
➡️ Test support line
➡️ Forming divergence on RSI - D timeframe
➡️ Last impulsive move up to 1.20$ by end of Bull cycle
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CROUSDT inverse head shoulderCROUSDT could break out of a beautiful IHS after CRO showed some bullish divergence on MACD and RSI at the .886 fib level. and on the left shoulder MACD printed some hidden bullish divergence .
If CRO manages to close a 4h above the neckline of the IHS, it would confirm the breakout and one could open a long. (not finacial advice)
Target of the measured move of the IHS coincides with the .618 and is def a the first profit taking level.
Lets hope BTC can keep rallyin and bring some confidence back to the market.
CROUSDT Complex momentum-shifting-structureCRO been goin crazy in the last couple weeks and it all started with the legendary inverse head and shoulder pattern that formed from june to end of july and broke the neckline in early august. From there CRO been mooning from below $0.1 and hit a ATH around $0.98 on Nov. 24.
Since then CRO sold off after showin bearish divergences on the daily rsi and to me it was quite difficult to tell what CROUSDT is actually doing. But with more data theres more clarity. Its quite astonishing to see all the Patterns that the Chart throws at us.
Instead of callin for exact patterns Names or deciding for one over the other, one should look at what this patterns trying to tell us as traders and analysts.
CRO made a lower low double bottom, broke a supply line (dragon or creek) and flipped it to a support, while forming higher lows and painting another inverse head and shoulder pattern, inside of a potential ascending triangle. All in all its a complex momentum-shifting-structure which could lead to a continuation of the Rally. Also short timeframe oscilators imply that this could be the new bottom for CRO.
With all this intel its getting pretty easy to manage risk here. If CROUSDT can continue to make higher lows and doesnt fall below $0.65 and doesnt break the demand line of the potential ascending triangle its safu.
There are 2 Ways to trade this either with a stop loss around the demand line for a short term trade or with a SL below $0.65 for a short swing trade. But its a small structure at high premium levels so i would not recommend to actually act on this setup. No Value at those levels even tho it could go much higher from here.
Altough there were alot of technical arguments for CRO, the pumpage we saw in the last weeks been mostly fundamental. Crypto.com launched the Beta for their CRONOS EVM-Chain Mainnet on Nov 9. which is revolutinary because the company combines defi with cefi and enables frictionless transfer of defi gains directly on to their visa cards. I used alot of farms and stuff on other chains, but never felt as safe as on CRONOS since CDC is heavily compliant with regulators and alot of projects on chain are financed by CDC so the chance of rugpulls reduces drasitically. I also generate enough passive income thru the Dapps that i was able to quit my job.
this is no financal advice or CRO shilling, just my honest opinion about the asset i monitor the most because i hold 75% of my networth in CRO and multiplied my BTC holdings since march 21 thanks to this asset.
QI BENQI/USDT price hourly Benqi listed CryptocomFrom inception, BENQI’s goal is to bridge the gap between Decentralized Finance (DeFi) and Traditional Finance. Crucial elements involved in this were prioritizing security, stability, usability and reduced barriers of entry into Decentralized Finance for the masses.
The first step of this vision was with the launch of the BENQI liquidity market protocol on the most scalable and regulatory compliant blockchain network — Avalanche. Since the launch of the protocol on August 19, BENQI has achieved:
1st protocol to hit the $1 billion Total Value Locked (TVL) mark on Avalanche
$2 billion worth of supplied assets in the first 2 weeks of launch
13,000+ total unique users
Peak of 3,000 daily active users
$1.2 million in 30-Day Protocol Revenue
1st recipient of the Avalanche Rush initiative
1st protocol on Avalanche to adopt Chainlink’s decentralized price feeds
First month milestones
BENQI’s lending and borrowing protocol filled a crucial gap within the Avalanche DeFi ecosystem by providing a safe, secure and user-friendly solution for users to supply assets to earn interests and/or borrow assets in an over-collateralized manner. With over $2 billion in total assets supplied, and the catalyst for bringing significant TVL into Avalanche, BENQI’s first product has shown clear product market fit.
As DeFi matures and creates inroads into the institutional and traditional financial world, it is imperative that additional decentralized financial solutions are created. This enables diversified yield options, improved risk management, and greater capital efficiency, while building on DeFi’s promise of financial transparency and trust-minimization.
BENQI outlines a vision of enabling further democratization of financial products with additional protocols and improvements that align with our goals and vision.
Product Roadmap
Liquid Staking — In Development
The evolution of sybil resistance mechanisms for blockchains transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has enabled a shift in barriers of entries for users seeking passive returns in exchange for securing networks.
Avalanche is a PoS network that generates fixed returns for users “staking” their assets to secure the network. This is done by staking the native Avalanche token, AVAX on validator nodes. While this provides users with rewards, it also bonds their tokens to the nodes essentially locking it up for a predetermined time. Additionally, PoS and DeFi are not inherently designed to be compatible with each other.
Liquid Staking provides a solution for capital efficiency in PoS networks, offering users the opportunity to unlock their “staked” capital to be used on Decentralized Financial platforms. This provides users the benefits of passive returns on their staking rewards, while also being able to use their staked capital on Decentralized Financial applications seamlessly to manage their risk exposure and/or earn additional returns based on their strategies.
BENQI will launch a Liquid Staking solution for users of the Avalanche network, providing the seamless unlocking of staked assets to be used on the Avalanche C-Chain. The liquid asset (sAVAX) will gain instant utility by being supported on BENQI’s live lending markets. Further, the composable nature of the Avalanche C-Chain enables users of the liquid staking protocol a variety of options to utilize sAVAX, improving capital efficiency and providing a wealth of strategies to both users and developers of the Avalanche ecosystem. The exact architecture of BENQI’s Liquid Staking solution, along with the QI token’s role within it, will be released in the coming weeks.
BENQI Liquid Staking
Lending and Borrowing Protocol — LIVE
BENQI first launched on Avalanche when the ecosystem TVL was at roughly $250 million (the current TVL is ~$3.6 billion). Due to the lower network activity and thinner liquidity at the time, the solvency of the protocol was prioritized for the worst case scenario of a market-wide crash. Therefore, the initial protocol parameters, such as the collateral factor, were set at conservative values to enable the efficient liquidation of under-collateralized loans, ensuring solvency of the protocol.
CRO Price update 25th of NovemberKUCOIN:CROUSDT
We saw a good run on CRO that played out pretty well as my previous analysis of the coin back in mid November. CRO is currently retracing back to the lower support at around 0.7 $ area we could see a bounce sooner but I think 0.7 cent is on the table seeing the explosive growth we got in the last 2 weeks without a real retracement. After some consolidation I think CRO is going to go up again and finally hit that 1$ milestone this year.
#CRO - If you don't buy here, IDK where will you...CRO did an amazing job during the last month, but as natural it had a beautiful retracement in the last two days. These are the exact opportunities that the patient people get and actually make money. Every indicator says this is the sweet point to long.
Sell your CRO exactly right now!How I told you already at SHIBA before the correction, if we got a parabolic cure we will most probably fall out of it at the sharpest uptrend point. This point is exactly right now at CRO. It needs a correction! Around 60 cents you can buy again (because there is the golden pocket 0.618 fib level), and then we could see 2 or 3 dollars.
Hope you understood the market better, if you have any ideas write them down in the comments!
Cryptocom Slowly but Surely- Well i always believed that this company can surpass Binance with time (Too Many regulations problems & Shaddy), that said, not meaning that CRO will moon.
- This Token have a real utility as you can back some CRO as rewards when u pay with your Cryptocom Visa ( up to 8% Cashback ), also can stack CRO, etc.. i invite you to Dyor about Cryptocom.
- They aslo strong partnered with Aston Martin F1 and recently with UFC MMA,
- They are working on being fully regulated and this is the most important to have a bright future in Cryptospace.
- TA parts is clear, we are having a slowly but regular growing uptrend making LL and HH. Looking good and not manipulated.
- imo the real bottom is around 0.06$.
- i will not setup a buy zone as i see this company as a long term invest, but all your buys around 0.1$ are gifts ( if TheKing stays in a bullish trend of course ).
- i will link some of most interesting olders analyses in comments.
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Trading Parts :
Next TP : 0.3$
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Happy Tr4Ding !
CRO Cryptocom Price Target RetracementAfter making 400% in only one month, you can expect for a pullback on CRO, Cryptocom.
If we extend the Fibonacci retracement level from the last support, we can see that the retracement target for CRO is in the 0.56usd area.
looking forward to read your opinion about it.
Crypto.com Coin (CRO) - November 20Hello?
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(CROUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.15101 point: Expected to create a new wave.
(1D chart)
If it falls below the 0.35075000 point, it may fall below the 0.275 point, so a short stop loss is necessary.
However, you can touch the 0.22776-0.275 section and rise, so you need to think about countermeasures.
The uptrend is expected to continue unless it moves inside the short-term uptrend lines (A) or (B).
Volatility around the 5th of December should see if it moves inside the short-term uptrend line (A).
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(CROBTC 1W chart)
343 Satoshi-464 Satoshi or higher: Expected to continue upward trend
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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 it is in an uptrend or in a downtrend, 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 regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of 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 yet been released.
(Because it is not public, 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 the 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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Crypto.com Coin Eyeing $1As per the Elliott Wave analysis, the Crypto.com Coin (CRO) shows an impulsive price structure that calls for higher prices. CRO has gained more than 57% in the past 7 days, breaking above the mid figure $0.50. CRO is now looking ahead to eye another significant milestone – the $1.00 mark.
Elliott Wave Analysis
The Elliott Wave analysis suggests that the rally from the 3 November low can unfold as a 5 impulsive wave structure. Up from 3 November low, wave 1 ended at the $0.42 high. Then, the coin extended lower in wave 2 towards the $0.31 low, and from there, it bounced higher in wave 3, which is currently still in progress.
Wave 3 can be broken down into 5 sub-waves, but the move towards the current high of $0.69 only unfolded in 3 waves. Wave 4 seems in progress now, which should end above the support level of $0.42. From there, we would need one more leg higher to hopefully complete wave 3 of a higher degree. Once this is completed, there is still more upside to come in wave 4 and wave 5 to fully complete the entire 5 wave sequence.
CRO Crypto(dot)com has widened it's projection zoneCRO has been getting stronger since August. We reached new ATHs recently at .63 in the past week or so. I see us getting back to that point easily (waiting for BTC to level out) CRO is something on my primary watch-list, I have scalped it now successfully several times. I think it is a great coin in the long run, and if anything it is absolutely one to watch.
CRO - profitable ABC short to 0.29 before any upsideThere has been decreased investment into crypto.com due to major delays in the launch of the Cronos ecosystem. Their DEX is also unknown.
CRO is also only available to short on FTX and a few other unknown platforms - so this is a less crowded trade.
Shorting is the correct risk:reward here.