CROUSD trade ideas
CRO CRO/USD crypto.com Could be Staged for massive Gains! Crypto.com said it would destroy 70 billion of its CRO tokens, in what it describes as the largest token burn in the history of crypto markets.
Now combined with the new flexible staking options on March 19th lots of new people waiting to get into CRO will be able to a flood of new people will start ordering RED, and GREEN Level Cards for sure and other levels too
Next the big one CRO Mainnet Launching on March 25th 2021 as Crypto.org Chain!
blog.crypto.com
These are just a few reasons the user growth is very fast like all very quickly growing companies they are expanding their workforce to accommodate such fast growth! CDC has gone from 5 million to 10 million in a very short period of time user growth at this rate could see a CRO at $1 this year even $2 !
Overall the fundaments all stacked for CRO (CRO/USD) to soar possibly this month and into spring and summer!
Cryptocom to 0.5$So don't forget this is just a forecast and everything can happen with young projects, they are not big in marketcap and strongly drived by the King.
if BTC up they grow soon or later, if BTC down they dip. FA is alsd very important, if the project team management make good announces, project will be good, if they do shits, we rekt with them.
That said, Cryptocom Project started very good, their visa system is nice, after that they made some mistakes like cut rewards and APY by 50%, it caused a big depression, after that they decided to burn 70 Billons CRO, partnered with Aston Martin F1 for promote CDC, so it started to rush again. This project is still very young and time will speak, but like i said many times, don't forget they have CRYPTO.COM domain name, and this is an huge advantage.
Trading parts :
TP1 0.4$
TP2 0.50++$
Be safe and invest wisely.
Happy Tr4Ding !
CRO - Cup and Handle formationPersonally I dont grant a lot of weight to chart patterns on crypto assets, but they are all based on buying and selling patterns so it does still apply. This coin is for the crypto.com exchange, one cool thing they offer is a VISA card to spend crypto. Binance, a larger exchange does as well. Going forward though, they do have a better domain name than everyone else though.
That said, a cup and handle pattern is a solid bullish pattern and I've personally taken up a position on it. We dont see as many swings to the downside on this one so it seems pretty stable and on the rise. I'm looking to hold this longer term than I do most things, I think this is a great entry point to get in. In the next week they have some great things happening too.
Whistle blowing on Crypto.comFrom an speculative perspective on price, this is a bullish post.
From a speculative perspective on the longevity of Crypto.com as a functioning company, this is hard news.
First off, This post does not go against any community guidelines so please do not remove this post. Everything described is factual.
I shared this information on the Crypto.com subreddit and the post was removed three times before I was permanently banned.
Others then went on to share this information and were also banned.
I have been a long-term customer of Crypto.com and currently hold the Rose Gold visa card.
What's happening?
_____________________________
The primary reason that the MCO token was deprecated was because it was created with a supply that would not support the longevity of cashback and interest earned on cards. This is one of the fundamental reasons that CRO "made sense."
Recently, Crypto.com committed to burning all but 5.9bn CRO to be used for "mainnet block rewards for Chain validators and delegators which helps secure the network."
With growing adoption and ridiculous rewards (compounding rewards for everyone), CRO is being dished out at an incredible rate to users.
Now that Crypto.com have burned all of their reserves to decentralize the currency, there is not a sustainable source to continue these rewards which are the primary function of this service.
I alone am earning 600CRO/ week from earn and around 100CRO/ week in rewards compounding... that's at least 36k CRO a year.
Let's just say for arguments sake that across the board, (remember black card holders as well), the average user earns 15k CRO a year in total rewards.
There are currently 10m users which is a rate of 150bn CRO per year in card and cashback rewards.
If you're really bad at basic maths, I can make it even more clear.
The base of users will definitely earn around 1k CRO a year - that's hardly anything.
We know there are more than 10m users based on figures provided by Crypto.com.
That means 10bn CRO a year are being rewarded in a scenario that we can all agree is an absolute.
We are in a situation where there are only 5.9bn CRO allocated to "mainnet block rewards", so we don't even know that these will be used for cashback and rewards. Apart from that, there will be no more CRO available to provide rewards to cardholders.
What does this mean for Crypto.com?
____________________________________
We have approximately six months until CRO available for rewards are completely depleted in the best-case scenario.
If we use likely estimates, there appears to only be enough supply available to last until the Mainnet launch at the end of this month, so there are some major changes to come for Crypto.com users and investors.
The one thing that makes this system work is the fact that these cards have better rewards than competition.
How can this continue if there are no rewards at all?!
Once supply is gone, Crypto.com is not going to be able to provide rewards to users in the form of CRO.
We can only assume that they have another plan.
What does this mean for CRO Investors?
________________________________________
Supply is running out! Hurrah!
We can only assume that the burn by Crypto.com was their last hurrah to drive up the price and get rid of personal holdings before initiating their next plan...
Or is this their exit strategy?
Regardless, CRO is going to go up in price at an incredible rate until we know what is going to happen at Mainnet.
If anything, this is a race to cash out at the top.
Good luck to all.
CRO An alternate scenarioAn alternate scenario than my head and shoulders pattern in my previous post for this coin
Could get realllllyyy bullish!
Apparent massive wedge formation
CRO Looking to moveCRO is currently at midline ascending channel resistance level.
Crypto_com has burned 10Billion CRO tokens! Supply is low and we can maybe see this coin gaining traction very soon.
Breakout from ascending channel will confirm further continuation.
Hidden Bullish divergence in CROUSD chartA Hidden Bullish divergence in CROUSD chart is appeared. Also the bottom of the channel is touched. I think we will have an ascending wave very often.
Am I crazy???Good afternoon everyone.
I have decided to post this idea for some feed back.
I humbly submit my idea for your viewing pleasure.
Excited to receive all your feed back.
I am thinking third Elliot wave could be powerful enough to hit the 3.6 fib extension level before a pull back.
All indicators appear to be showing some serious strength on the weekly time chart.
definitely possible for another price drop before going up again, as it appears BTC is likely to drop again.
anyways, please let me know what you think.
Important resistance broken, now supportHoly sh*t guys, did you see this one fly? :)
The current short-term momentum is still to the downside but we should bounce back up from this trendline.
Had a stop loss at 0.21, buying back at 0.1645.
(not trading advice, I'm not your financial advisor, do your own due diligence)
CRYPTOCOMi warned to buy this coin at 0.06$ when it was in total depression.
How can a coin die can with a domain name CRYPTO.COM in a BullMarket????
i will make new on analyse it later.
Happy Tr4ding
Whats next ? strong bullish CRO Finally break strong level ( the opening price against USD and USDT) opening the way for more bullish
The only thing stop it now is CRO against BTC now around Open price (R) if it break and close above we going to fly . (chart below ) .
Accordantly CRO will hit 0.9$ + as start .
CRO BTC chart
Like if you agree , comment share you opinion even if you disagree .
Technical analysis not considering any fundamental .
===Not a financial advice Don’t follow blindly ===
CROUSD: buy setupCMC #18
" What Is Crypto.com Coin ?
Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO went live in November-December 2018.
Who Are the Founders of Crypto.com Coin?
Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.
Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY.
Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website.
Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.
Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary.
What Makes Crypto.com Coin Unique?
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.
CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain.
Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.
How Many Crypto.com Coin Coins Are There in Circulation?
The total supply of CRO is limited to 100 billion coins, all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. Crypto.com did not rely on pre-sales, public-sales or an initial coin offering (ICO) — instead, the coins will only be distributed via secondary distribution.
The total supply of CRO will be allocated for five different purposes:
30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018;
20% — Capital reserve - frozen until Nov, 7, 2022;
20% — Network Long-Term Incentives - frozen until Nov. 7, 2022;
20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet;
10% — Community development.
How Is the Crypto.com Coin Network Secured?
CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function." source: coinmarketcap
Further demonstrating the power of the CircleLS = Left shoulder
H = Head
RS = Right shoulder
Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify
The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib Circle, it truly is a great tool
Also my experimental idea - Fibonacci waves
CRO finally broke with the downtrend / +100% possibleCROUSD seems to listen carefully to FIB as we can see we often had Support/Resistance at the relevant levels. Chances are that it will follow the pattern on the way up, too.
TP1: 0.120 USD
TP2: 0.155 USD
TP3: 0.184 USD
Good luck!
CRO Token Breakout!After Months of steady accumulation around deep value areas Fibonacci wise (between .786 .886), consistent higher lows and hidden Bullish divergence on the 1d, 3d, weekly and classic bullish divergence on the 2d on the MACD and RSI, the Crypto.com Token CRO is finally about to make a massive breakout, which could pump the token to its former ATH and probably even beyond if the macro stays strong.
The composite man seems to have all the tokens he needed and is now ready for take off.
Also fundamentally CRO is a very nice token since most of it gets staked by users of the Crypto.com Credit Card which is a very cool product if combined with the fair lending service that allows users to lend out their crypto in exchange for stablecoins which then can directly be topped up on their Visa Debit Card. For every transaction the user receive % of Cro tokens. If im informed correctly their Blockchain will soon go Public or make a Testrun of some sort.
After all the FUD around the MCO and CRO token Crypto.com seems to have manged all the Issues they had and probably will become very Popular among new Crypto users and also Veterans again.
Should have posted this Chart back in December when i started accumulating CRO, but i couldn't imagine that someone would be interested in my analysis. But i received so much positive feedback for my charts that i will now start to publish my ideas as much as i can. I appologize for the missed opportunity to give yall a good long entry :(
Going longpersonally invested in this coin so lets see where it takes me in a couple of years from now/ Do your own research. Not a financial advisor
Break buy the pullback
Weekly close strong bullish above the zone , good to buy pullback currently testing previous zone as HL for W1 .
Technical analysis not considering any fundamental .
===Not a financial advice Don’t follow blindly ===
CRO potential change of trend!On the daily timeframe, we notice that CRO has been in a bearish trend since mid October when the price broke through the 200EMA and kept falling. Now the price is trying to breakout out again but towards the upside. Watch carefully how the candles close at the end of the next few days and expect a rise surge towards 0.12$ if the price succeed in breaking and retesting the 200EMA as a support.
