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Cronos

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CROUSD trade ideas

Cronos: Turning PointCRO reached a new local low last Friday and then turned upward again. Based on this development, we now consider the green wave (ii) to be finished and see the coin in the green wave (iii). In the further course, the price should clearly overcome the resistance at $0.18. If, on the other hand, we see a sell-off below the support at $0.07 (30% likely), we would instead have to assume a fresh corrective bottom in the form of the turquoise wave alt.2 below the support at $0.04.
COINBASE:CROUSDLong
by MarketIntel
Strategic entry points and bullish projections for CronosAttention to the bullish channel that Cronos is forming. The price is currently where the resistance and the base of the bearish channel converge, so it should soon bounce upwards. Most traders, fearing they will miss out on profits, tend to buy at the highest point of an upward move (which is why they believe the market is manipulated, as the price starts to drop right after they buy). The correct way to buy is after a pullback, not after a rise. This way, we buy at a lower price and the drop will have less range, protecting our stop loss. To conclude, the bullish projection for Cronos is initially around 46.00.
CRYPTO:CROUSD
by CryptoCoBit
Technical Analysis of CRO/USDCurrent Overview: CRO/USD is demonstrating bearish momentum as reflected in the latest candlestick patterns and technical indicators across multiple analytical tools. As we evaluate the recent price action and accompanying volume, a speculative forecast can be constructed. Volume and Candlestick Analysis: The candlestick patterns on the daily chart show a consistent downtrend with closing prices below both the 20-day Simple Moving Average (SMA) and Exponential Moving Averages (EMA) of 50, 100, and 200 days. Recent candles have formed lower highs and lower lows, characteristic of a bearish trend. Bollinger Bands: Price action has breached the lower Bollinger Band, suggesting an oversold market condition. However, traders should be cautious as such breaches can precede strong continuations of the prevailing trend. Fibonacci Retracement: The price has been fluctuating around the 0.382 to 0.236 Fibonacci retracement levels, indicating a potential resistance-turned-support zone. The inability to sustain above the 0.382 level has increased the likelihood of a retest of the 0.236 level at $0.1251. Moving Averages: The EMA (20, 50, 100, 200) ribbon has started to fan out with the shorter-term EMAs trending downwards, reinforcing the strength of the current bearish trend. Ichimoku Cloud: CRO/USD is trading below the Ichimoku cloud, confirming the bearish sentiment. The Tenkan-Sen and Kijun-Sen lines are also bearish, with the Tenkan-Sen below the Kijun-Sen. MACD and RSI: The MACD line is below the signal line and the histogram bars are in the negative territory, which typically signals downward momentum. The Relative Strength Index (RSI) is hovering around the 40 mark, suggesting bearish pressure without being in the oversold region. Pivot Points: Price action is below the daily pivot point and testing support levels. If the S1 pivot at $0.1128 fails to hold, we could see a move towards the S2 level at $0.0729. Price Prediction and Speculative Forecast: In the short term, should the current support level at approximately $0.1210 give way, there is a possibility of the price descending towards the $0.1140 area, corresponding with the 0.236 Fibonacci level. If bearish pressure continues, an extension towards the $0.0729 (S2 pivot level) could be in play. However, if buying pressure emerges and the price sustains above the 0.382 Fibonacci level at $0.1320, a bullish reversal could target $0.1376 (0.5 Fibonacci level), potentially moving towards $0.1611 (1 Fibonacci level) in a more optimistic scenario. Trading Strategy: Short Positions: Traders might consider short positions if the price fails to hold above the $0.1210 support, with potential profit-taking near $0.1140 and a stop-loss just above the 0.382 Fibonacci level at $0.1320 to limit risk. Long Positions: Long positions could be considered if there's a strong rebound from the $0.1210 support, with a potential target at $0.1320 (0.382 Fibonacci level), ensuring a stop-loss below the recent low to mitigate risk. Traders should be aware of potential fundamental shifts or news that could affect market sentiment. Remember, technical analysis is speculative and should be used in conjunction with risk management strategies.
COINBASE:CROUSDShort
by AxiomEx
Cronos (CROUSD): Ready for correction?Cronos #CROUSD: CRYPTO:CROUSD Cronos a cryptocurrency that has shown exceptional performance since October 2023, marking the end of a correction at $0.0488. We've developed a Wave (1) and have completed a Wave (2), which ended as a zigzag correction. This correction reached the 61.8 to 78.6 level beautifully, a common occurrence in cryptocurrencies, often hitting exactly 78.6%. For the downward Wave C, the zigzag correction precisely hit the targeted 127 to 138% levels. This trade looks very promising. We're currently anticipating Wave (3), which should reach at least a 161.8% to 361.8% extension. Our expectations lean towards the range of 161 to 261.8%, but only time will tell. The next entry point is critical, and we're looking at the subordinate Wave 4 for this. We expect this wave to retrace between 38.2 to 50%. We don't foresee a drop deeper than the 50% level for Wave 4. The 38.2% level aligns exactly with the peak of the overarching Wave (1), while the 50% mark is approximately at the subordinate wave B level. Our stop-loss is placed just below the 50% level, also on a high between waves B and C, providing solid support that should contribute to a push upwards. We're expecting a rise to at least 161.8%.
CRYPTO:CROUSDLong
by freeguy_by_wmc
CRO: Is it the Next Breakout Cryptocurrency?There are a few reasons why CRO is breaking out. First, the Crypto.com exchange is growing rapidly. In the past year, the exchange has seen its user base grow by over 1000%. This growth is being driven by the increasing popularity of cryptocurrency trading. Second, CRO is being used more and more for staking. Staking is a process of locking up tokens in order to earn rewards. The rewards for staking CRO can be quite high, which is incentivizing more people to stake their tokens. Third, CRO is being used more and more for the Crypto website Earn program. The Earn program allows users to earn interest on their cryptocurrency holdings. The interest rates for CRO are quite high, which is incentivizing more people to use the program. Conclusion: CRO is a cryptocurrency with a lot of potential.
COINBASE:CROUSDLong
by sansoorchi
Cryptocom Play Softly- After the FTX Disaster, i really reconsidered my invests when i wanted to buy an Exchange Token, all combined (BNB Also). - That said Cryptocom at least survived at 2022 panic and the trend acted as a normal bear market bearish mode. - i made some good returns in 2021 when Cryptocom rushed to 1.2$. - i sold my tokens around 0.75$ because it was more than enough for me. - if you don't have any insiders connections, you will never know if a project is healthy or not. - Anyway it always worth to diversify and invest a bit in everything you feel having a real potential. - Exchanges Projects, Privacy Projects, Defi Projects, Meme Projects, Real Tech Projects, and of course, Bitcoin for Safety... - Everything is still pure gamble and all is depending on the teams decisions, some will fails and some will moon. - Now for the method : - just look at the bubbles in the graph (Bounces + Rejections ). - Find the price action range. - Find the breakout potential zone. -- Better to buy a breakout near from a Bouncing zone. -- Try to avoid to buy close from rejections zones (Fakes Breakouts). -- invest smartly, don't go all in, keep juice to rebuy always. -------------------------------------------------------------------------------------------------------- Trading Parts -------------------------------------------------------------------------------------------------------- Buy : 0.52$ ( a bit ) ( Potentially new 2023 Bottom ) Full Buy : 0.026 (all in) ( Bottom 2020) ( worst case ) -------------------------------------------------------------------------------------------------------- TP1 : 0.095$ TP2 : 0.18$ -------------------------------------------------------------------------------------------------------- Next Bull Run Max Price : 5$ -------------------------------------------------------------------------------------------------------- - Stay Safe, Play Wisely. Happy Tr4Ding !
BITTREX:CROUSDLong
by thecryer
11
Cronos: Not Far Now! 🏁👣CRO continued its descent last week, making progress in line with our primary expectation. Now, it is not far from the green Target Zone between $0.0771 and $0.0571, into which we expect the price to dip to set the low of the green wave 2. Long entries could be made within the range, with stops around 1% below the lower edge to minimize risk. Once the low is in place, a reversal should occur, and the price should rally to well above resistance at $0.1230.
COINBASE:CROUSDLong
by MarketIntel
CRO: Tightening Below Key Resistance (BULLISH)🚀📉Today, let's explore the exciting developments on the CRO chart, where a recent breakout from a falling wedge pattern has set the stage for potential upward momentum. The coin is now consolidating beneath a critical resistance level, teasing the possibility of a decisive breakthrough. Here's a closer look at the current scenario and what to anticipate next. 📊🚀 Analyzing CRO Chart: From Falling Wedge Breakout to Key Resistance Battle Falling Wedge Breakout: Pattern Formation: CRO recently experienced a breakout from a falling wedge pattern, a bullish sign that often precedes upward movements. Momentum Shift: The breakout signaled a shift in market sentiment, hinting at potential bullish momentum. Consolidation Beneath Key Resistance: Critical Level: CRO is currently consolidating beneath a key resistance level, a crucial zone that traders are closely monitoring. Accumulation Phase: The consolidation suggests an accumulation phase as the coin prepares for a significant price move. Gearing Up for the Challenge: Potential Breakthrough: Traders and investors are eyeing the possibility of CRO challenging and breaking through the highlighted resistance. Volume Analysis: Confirming the breakout with a surge in trading volume would add weight to the bullish case. Trading Strategy Considerations: Confirmation Signals: Wait for Confirmation: Prudent traders may consider entering positions after a confirmed breakout and retest of the resistance turned support. Volume Validation: Verify the move with robust volume, indicating substantial market participation. Risk Management: Stop-Loss Placement: Implement effective risk management strategies, including well-placed stop-loss orders, to protect positions. Monitoring Key Levels: Keep a close eye on key support and resistance levels for potential trend reversals. Price Outlook: Optimistic Scenario: A successful breakout could pave the way for a sustained upward trend, with potential price targets in focus. Conclusion: CRO's journey from a falling wedge breakout to the current consolidation beneath key resistance presents an intriguing narrative. Traders should exercise patience, await confirmation signals, and stay vigilant as the coin gears up for a potential breakthrough. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
COINBASE:CROUSD
by AlexWhale
3