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CROUSD trade ideas

Is CRO a buy?Hello everybody, After doing some TA on CRO, I believe we should ultimately reach the 0.3133 mark in the next coming week or two. Following the trend line, CRO should find support at the 0.1901 mark. If that fails, there is a solid foundation at around 0.1580. If the trendline holds at 0.1901, then I believe we should see an uptrend towards the 0.2666 mark. If CRO can manage to create that resistance into support, we should ultimately see CRO reach 0.3133; however, if CRO cannot turn 0.266 into support, we should see a slight downtrend to 0.2371. Thanks for stopping by. Do your own research! :) ---- "It’s official: the Mainnet launch date is set for 25 March 2021. Following our announcement of the 70 billion CRO burn, we continue to aggressively pursue full decentralization of the network. We believe that the world needs a fully decentralized, open-source, public chain with high speed and low fees." (blog.crypto.com)
BITTREX:CROUSD
by CryptoArom
9
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 $2 ! Overall the fundaments all stacked for CRO (CRO/USD) to soar possibly this month and into spring and summer!
BITTREX:CROUSDLong
by SteveGold325
6
Cryptocom to 0.5$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 !
BITTREX:CROUSDLong
by thecryer
14
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.
BITTREX:CROUSDLong
by Rikity
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.
HITBTC:CROUSDLong
by GrantPeace
13
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.
HITBTC:CROUSDLong
by LouisDevito
6