CRO/BTCCronos breaking out in Bitcoin value, this shows strength towards CRO buying power priced in CRYPTOCAP:BTC and it will likely be trending toward the upside over the next few weeks.
CROBTC trade ideas
✳️ Cronos Bottom Catch? Another One (1,000%+ In 2021)Cronos produced more than 1,000% (10X) in its 2021 bullish wave and there is possibility for something similar this time around.
In this chart we can see the 2021 bull-market on the left side and going from left (Feb. 2021) to right (June 2023) we have a long-term higher low.
Here you can see a very strong bullish divergence with the MACD, the same signal described on the APEBTC chart to spot a bottom reversal.
You can see this indicator moving higher and higher and higher, hitting a low in May 2022 while CROBTC continued to drop.
Here is the tricky part, the current action can lead to a bounce pushing prices higher but then a new low before the next bull-market, or this might be the bottom... But even with another drop, one can buy and hold focusing on the long-term; think long-term and this can be an easy win for 2024 with a potential 8X, 10X or even 15/20X.
How it all develops we have yet to see but the only thing that is certain is Cronos going GREEN!
Namaste.
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
BTC Dominance increases, 100-360 DAYS until reversal for CronosExpectation based on historical analysis is that Cronos will oscillate against BTC, scenarios:
1. either BTC to rise in value
2. or Cronos to drop in value
so that proportionally Cronos to fall below the long-term trendline.
CROBTC Weekly chart showing bullishTextbook bull flag formed ready for a breakout?
The bull has formed within a bearish descending triangle.
Which one will suffice?
Comment below.
CRONOS CRO in the BTC converging channelBTC is acting as a strong resistance level for CRO. In order for the breakout to occur, CRO should break out the long-term converging channel -- otherwise, it is smarter to buy just BTC instead of CRO.
No financial advice.
Crypto.com CRO with 300 days converging channel forming?CRO may be forming a 300 days converging channel. Be patient.
Super stressful accumulation period may be coming.
Short-term
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- SuperBowl expectations may be too low or too high
- Launch of Crypto.com Exchange US, unexpected results
No financial advice.
CRO oscillating against BTCLast time, we had 87% drop against BTC with CRO. Historically, it is more probable that either CRO will drop or BTC will rise proportionally more against CRO.
- is this behaviour an anomality or is it because Crypto.com can control and affect CRO the most?
- no support with moving averages (illustration with 100W MA)
- volume not increasing
- if CEO remarks is to listen, the Q1-Q2 will be bad and then the end of year will be good
--> history would support this, ideas?
Two chances: parabolic run or bearish momentum taking over. Hard to believe that accumulation would last very long or it would mean a real fight between bulls and bears.
No financial advice.
CRO Volume not yet on the level for parabolic run of AltseasonAltseason is somehing predicted and expected, #CRO could be a major benefiter.
- The volume of #CRO is not yet on the level I would expect for the explosion
Be patient. This can change very quickly!
Not financial advice.
CRO Crypto.com Coin in a Descending Triangle on the DailyBITTREX:CROBTC is on a descending triangle on the daily taking us down to 700 Satoshi. We haven't broken the triangle downward yet, so the trade is not confirmed. We might still bounce off the top of the triangle in the next two days before breaking it downwards.
Crypto.com COIN CRO scenariosWe are currently in the land of none: there are multiple scenarios that may occur.
++ US Exchange listing may break the up and cause Bull run
--- but if the expectations are not met, then we may end up to lower support bands.
--- volume is deteriorating
Currently we are falling against BTC so this looks like bearish for CRO, monitor intermediate time-frame RSI before executing any trade.
No financial advice.
CRO has potential to breakout if RSI indicators stay above 50CRO has intermediate RSI indicators above 50 and Price Point Momentum oscillator Green with positive volume in long-term, the RSI indicator now broke overbought zone.
Historically, last time this happened the bull run lasted about 100 days followed a massive drop.
Monitor RSI indicators before executing any trade!
No financial advice.
CRO in 2024: one of the worst scenarioOne of the worst scenario is that Crypto.com in unable to find new applications for CRO in which case we can lose 95% of the value against BTC.
It all depends on how well Crypto.com is able to utilise the Crypto market potential, execute new products and how well attract new customers, particularly organically.
Currently, the new audience from organic channels and paid channels may be 50/50.
Most loyal customers typically come from organic channels so how well Crypto.com can engage most loyal customers besides attracting new users without sacrificing quality
is the key.
No financial advice.
CRO in 2024?I have no simple answer to this:
1. if mass adoption continues as explosive as 2021Q4, it can beat BTC in which case the valuation can be extraterrestrial.
2. If mass adoption gets hindered and crypto will regularised, banned, then the prospects are minor.
3. Scenario: something inbetween?
It is as important for an utility coin to find new users as to find new usage areas such as Defi, NFT, VISA -- we need to find broader set of applications to make CRO go to the moon besides new users.
What could be the nnext applications, DEFI solutions set up CRO? CRO Name Services could be one like ETH Name Services, others?
No financial advice.
CRO History: oscillator against BTC, Bull runs and Bear runsHistorical overview to CRO against BTC:
1. CRO acts as oscillator against BTC, this is a good thing.
2. bull runs can be very short or long
3. over extensions are quite common in both directions
No financial advice.
Bulltrap avoided with CRO?Intermediate timeframe RSI indicators rose above 50, this may be a bullish signal, let's see how long this will last.
Check RSIs in different timeframes to investigate this.
No financial advice.
Bearish Divergence, Bullish MomentumWith CRO vs BTC, I'm expecting a bullish breakout of the Falling Wedge. Having said that, there's also Bearish Divergence on the daily chart so I'm expecting a short-term cooldown, perhaps to the 1D 50 EMA, before ultimately breaking the wedge.
Sidenote: Price action on CRO over the last three years looks heavily manipulated (more than most, anyway). Be careful.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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The ATH of CRO against BTC?2020 could be considered the last time we made new ATH figures, ignoring the early days.
In terms of BTC, CRO has resisted its ATH, now again in 2021Q4. When will this figure be broken in terms of BTC and new ATH made?
When shall we see the valuation of CRO to be 20e-6 BTC when the current valuation is about 12e-6 BTC per CRO?
Scenarios:
1. Now a short accumulation and then to new ATHs in terms of BTC ----> CRO would start to behave more like an oscillator against BTC, a good thing
2. No ATH made in CRO against BTC, a little worrying sign where it would make more sense to use BTC than CRO as a store of value and use CRO only as an utility coin
Ideas?
#CRO bullrun looking to continueThe short-term indicators are bullish. The breakout indicators (RSI, RD) shows signs of strength, higher lows.
CROBTC Insane bull flag and massive bull div! #CROCRO painted a insane bull pole bull flag on the daily chart, with massive hidden bullish divergence on macd histogram and rsi. Bullish engulfing candle on the daily is almost certain. Probably about to test ancient resistance and break the 2021ATH. 130% upside. Even if you enter now you still have a risk reward of 3:1 (i wouldnt recommend it tho lol). bullish af imo
CROBTC Triple Bullish Divergence!CRO showin triple bull div . on the 4h MACD Histogram, while breakin out of a fallin wedge . Bullish af!
Crypto.com targetsThis can be close to an end of the bearish cycle, new bullish cycle may begin . Targets also = resistance levels
about the project
Crypto.com is successful crypto trading platform that makes money in a multitude of ways.
One of the key ways they make money is through transaction fees. They earn through debit card deposit fees as well as withdrawal fees.
What is a CRO token?
Crypto.com Coin (CRO) is a native token that powers the full suite of services offered by Crypto.com. CRO powers the Crypto.com Chain, which allows you to use cryptocurrency to pay more online merchants when compared to current options.
