CROUSDT.P trade ideas
$cro momentum continuesCryptocom just bought naming rights to the staples center. This gives further credibility to an already strong name in the crypto world.
www.cnbc.com
The overall market is seeing a small correction so we may see the price trading between supports for some time before another leg up. I will be buying more if we dip but I don't see $cro falling below $.40
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CRO LongSimple price action analysis.
The price has undergone a strong retracement, bouncing, as you could imagine, on an important support in the 0.40 area where there is also an intermediate cluster that supports the price and an old resistance of 8 November which has become support, always at 0.40 cent.
I think it is difficult for it to break again and it could be a zone of strong accumulation and then bring us back to 0.50 cents
cro4 hours ago
new furmula for find target in long positions
i think this furmula work for any crypto.of course,only work in up trends and long positions.
i am working on completing this furmula, of course the target pointshave been found very well so far
this furmula is found with the following combination
ret+app+and fibo serie
CRO - profitable ABC short to 0.29 before any upsideThere has been decreased investment into crypto.com due to major delays in the launch of the Cronos ecosystem. Their DEX is also unknown.
CRO is also only available to short on FTX and a few other unknown platforms - so this is a less crowded trade.
Shorting is the correct risk:reward here.
Fundamental analysis for CRO. 10x user growth YTD?Hey guys and girls, for such a long time I have been following everything CRO related and nobody has ever talked about their customer base growth. Which I think is very important, cause a lot of new users are potentially getting a card and staking some CRO for it, that means that the circulating supply will get smaller and smaller. I won't get into speculating how many people are staking for the card just because I don't have any previous data points or anything.
I can specualte on user growth, cause I have previous data, I have some pieces of information from CEO-s AMA in July, I have twitter user growth(www.socialtracker.io) which is connected to real user growth and I will put here all the sources and calculations that you can go through yourself.
So from October 2020 to February 2021 their usebase grew from 5 million to 10 million, they did not have any big campaigns in that timeframe and the user growth was 2x in 4 months, that means 8x in a year. By now it has passsed more than 2x the time, so based on previous performance, they should have 10x2x2=40 million users
But I would believe that they have growed even faster because in that period there has been a lot of promotions:
February Tesla campaign
March Aston Martin F1
March Crypto Credit promotion
June Formula One partnership
July UFC partnership
August Legia Serie @ partner
September PSG partner
Septmeber Philly 76ers
October Matt Damon
Second thing I have keeped my eye on, is their twitter followers. It has been growing around 4.2% per week, that would make yearly growth 7.5x comes pretty close to the same number.
Third thing that promises huge user growth is CEO Kris Marszaleks AMA: www.youtube.com
3 minutes into the video he says that in the first 6 months of 2021 they increased active customerbase 6X
Now you can speculate yourself on how many people stake for the card, at the current price, Tier 2 requires 1000 CRO, Tier 3= 10 0000 cro, Tier 4 = 100 000 CRO. In my head 10%, 1%, 0.1% seemed like totally reasonable numbers. Just look how much CRO will potentially be locked up. Additionally there is 3.51 billion staked on Mainnet. If the past performance continues, then we should hit 100 million users in another 4 months. But just think about how much money has poured into promotion, look how much videos there are on youtube about CRO lately, there is a huge HYPE around CRO.
Now there is ONE MORE very important thing, all the social media campaigns do not work that good always, because person might look at it for a moment but if he isn't interested he scrolls and skips. Here comes to play Crypto.com-s $100 million campaign with Matt Damon that will be aired in 20 different countries. Here is a basic marketing rule, If a person isn't interested in your product, then he needs to see the commercial 7 times to get interested. If you are watching live TV programme, then you CAN'T skip the ads. And to be honest, that is one of the best commercials I have seen in my life, and with a really good and popular actor. So I think that for next couple of months they will do very good, and attract the attention of people who have no idea of crypto.com right now.
CRO/USDT - Cryptocom Token.CRO has been on a exceptional run lately.
Personally I don't think this run I over. I believe we are having a cool off which is very normal, especially when the token has done a huge amount of percent in the past week.
We could be seeing numbers like 0.34 - 0.32 then 0.30 if the yellow trend line is broken.
There is 1 positive to this pullback, we do need to come down a slight more to form a hidden bullish divergence. As long as we don't break the structure of 0.32 the divergence is still forming, and we remain bullish.
- kryptokian :)
CRO in ascending channel?Hello!
Has CRO just recently entered an Ascending Channel taking us up to 1 Dollar?
Only time will tell but it sure looks like it!
If you want to HODL long term a good entry would be the dip (buying Zone), always buy the dips.
If you, however, want to get a fast profit ( ~20 %), just sell at TP mark as shown in the chart.
And as always, dont forget to use SL.
Happy Trading,
CRO struggling to break resistanceCRO has heavy resistance at the solid yellow line.
Currently in a rising wedge which has top line made up of a longstanding support/resistance.
The bullish falling wedge it previously broke out of has a target that coincides with it's 1.618 Fib level ($0.457'ish).
The rising wedge it is currently in has an apex that also ends at the 1.618 fib level.
If this breaks above the solid yellow line of resistance, it might tap the 1.618 fib level before testing support.
Probability says this will break down from the rising wedge where it is currently at though.
It might find support at the 0.65 Fib level or at $0.326.
NFA.