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CRO/USD - Further gains incoming? or correction? Quick CRO chart- Break from previous 36 day resistance, now watching to see if it pushes through the next level. Will be targeting 22% if Bullish entry taken. Still prefer the lower entry options but the boat may have been missed there. Patience important as a rejection here may see a 9% dip for a better buy-in price but keep an eye on it. If it moves north it may move fast. RSI and MACD suggest a correction but the markets aren't exactly following the playbook at the moment. As always not financial advice, just my thoughts and TA. Bingaz.
HITBTC:CROUSDLong
by Bingaz
2
CRO near the bottom?In the past we had some bearish divergence, and a drop followed. Now we have some bullish divergence and a cross on the MACD. So i'm starting to think that we (almost?) reached the bottom. If not, 2.5 cents is the next bottem, and that's the only place where i would buy more but i don't think we will go there (cards would be very cheap then). If you don't have a card yet, i think now is a OK time to buy a 2.5k or 25k CRO card. Higher than those is always a big risk. I'm a fan of the cards and i use it a couple of times a week. For those who are interested: I have an Icy white. The reason why the price is pretty low is because of some bad decision from crypto.com(CDC) and they made the community a bit unhappy, i talked about it in my previous post about CRO. Now there are some more restrictions on cashback with the card, that's why it is still going down is my guess. But not everything is negative, they are a crypto company with 5 million app users (this does not mean that every uses it, they just have an account) and working products: like the cards, exchange, earn, pay, ... So when all this negativity blows over, i think CRO will go back up. Best time to buy is when everybody is panicking. If you are planning to buy some CRO, maybe wait until we closed above the red line (20 day MA). Also there is only 21.7 billion CRO in circulation, and 78.3 billion in the hands of CDC So the price can easily be manipulated. let's wait and see!
HITBTC:CROUSD
by pol13337
1
CRO USD Volatility Bounce / Short long termCRO has been dropping fast following a lot of community drama over changing interest rates for CRO staking. CRO may have a small short term bounce as speculators buy the dip, but the overall trend is likely to be downward int he medium term. CRO's actual utility is limited, and it's entire value at present is essentially tied to interest rates (which were dropped without warning) and trust in Crypto.com management, which has taken an unprecedented blow. Couple this with the history of MCO and Paypal competing in the same space, and there is simply not much reason this coin has any value at all. TLDR: Coin has lost underlying value. Pure speculation keeping it afloat, likely to collapse further.
BITTREX:CROUSDShort
by zbtmv
1
More downside for CRO over 20213 things that are clear to me at least from weekly technical perspective MACD is still wildly overbought. 0.5 fib sits nicely on a support. 0.616 fib sits too nicely on a support. There is a very high likelihood we are heading down to at least 0.10 within 3 months. Apart from these, many have lost their trust with CDC, largely due to their poor and sudden communication of extreme changes. CDC may have a future, but it will take a while to regain the trust of long time believers who were crushed over the MCO CRO swap, and now the literal bait and switch over the CRO earn rates. I also foresee competitors rising up in 2021, will will contribute to the selloff over the next few months. It also doesn't help that another 20B CRO will be released when mainnet arrives. They have also yet to spell out or demonstrate the utility of CRO, and how mainstream would adopt CRO for day to day transactions. Time will only tell.
HITBTC:CROUSDShort
by morningtomyum