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CROUSDT trade ideas

Basic TA of CRO/USDT 13/04/2022 10am Sydney timeOk, so I'm reasonably new to this although I did a fair bit of paper trading a few years back but never with crypto pairs. Anyway, I see resistance at 0.4000 which was tested after a huge drop in price action from the 5th of April 12:00. It plunged through a support and resistance point at 0.4500 and continued to fall until it hit resistance at about 0.4370 on the 6th April 21:00 where it was oversold on both the RSI and Stochastic and gained upward momentum, hitting resistance at 0.4500 on the 8th April 15:00. It was overbought on the Stochastic but not on RSI which was under 50 indicating a downward plunge to resistance at 0.4370 on 9th Apr 00:00. At this time both indicators showed oversold and again price action rose again to hit resistance at 0.4000 on 10th April 18:00. Indicators where both over bought and price action dropped sharply to hit resistance at 0.4000 on 11th Apr 21:00. Volume was significantly high as selling rapidly dropped the price. Now to my point. As the price plunged and hit resistance we had a bounce of resistance at 0.4500. Candlesticks showed a strong reversal with the indicators both heavily oversold so we had a soft bounce upwards to 0.4200 on 12th Apr 9:00. Since then the price is slowly moving towards resistance at our strong 0.4500 point. Looking at price action on 1,2,3,4 hr and 1day charts price is trying to gain upward momentum but is struggling. Everything seems to indicate that this was a test of resistance, had a small bounce upward1s and is coming down to 0.4000 rapidly. Could hit resistance at the 13th Apr 12:00 or at the 13th Apr 23:00. I think this resistance level is solid so I'm bullish on the pair. Hopefully when it hits again the bulls will take control and we'll watch price action soar. If this happens it should rise to our next resistance point at 0.4370 and maybe even go as high as 0.4500. Very possibly the former. Not so sure about the latter. Please feel free to let me know that I have no idea what I'm doing which is a strong possibility lol
Short
by Sponglewang
3
CRO road to $1Looking at the 1 Day chart, CRO spiked to the $0.97 price mark following a historical token burn. What followed after the token burn was a price decline of -66.06% on the price, back to the demand area, where bullish investors benefited from a much lower entry at $0.32. Since its decline, selling pressure has remained, the price of CRO has been trading within a wedge pattern in a tight $0.22 range making higher lows. On price recovery, prices could reach $0.64, retrace to $0.48 and finally move beyond $0.89 to $1 after a break out of the wedge. Price targets { #1 - $1 #2 - $0.89 #3 - $0.64 }
Long
by RandyFuego
1
The CRO is fighting the first resistance.Hello everyone, let's take a look at the 4H CRO to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.4335 if the support breaks down, the next one is $ 0.4093, another support at $ 0.3738 and another $ 0.3281. Now let's move from the resistance line, as you can see, the first resistance that the CRO is currently struggling with is $ 0.4460, if it can be broken the next resistance will be $ 0.4686 and $ 0.5029. Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy that can be used in the coming hours.
by cryptodailyuk
CRO BULLISH SIGNAL!!!Crypto.com Coin has signaled a bullish reversal. Taking a look at the MACD in relation to price, there is a clear bullish divergence (illustrated on chart). This is confirmed by the bullish crossing of the fast and slow EMA's (illustrated in circle). Lastly, CRO is under value (illustrated by white line). This means we can expect CRO to rise to at-least the AVL which is sitting at around (0.4652). These 3 signals serve as a good confirmation that CRO is a good long position to take at this time. If you like my post and find them useful, please 👍 & FOLLOW for more. thanks 😁
Long
by UnknownUnicorn37609548
1
CROUSD - Technical short term outlook (1H chart) -006Short term ascending triangle negated on 06Apr 0000H UTC Price ranging still between 0.456 and 0.54 as per previous update. Lower support is at the longer term ascending trendline, now marked around 0.40 levels. Price pressure maybe downwards, hinging on Bitcoin price action but also on fundamentals. Crypto.com announced earlier their earn rates will be nerfed from 04 April 2022. We may see an exodus of whales within a 3 month period (tied to Earn's 3-month fixed term). Key milestone date to lookout for is 4th July, an easy date to remember. CRO price will see downward pressure. If it holds up by 04Jul, we may see it recover to greater heights fundamentally.
Short
by paulwongsh
2
CRO 0.64 $ or back to 0.37 $ ?hello I hope you are doing well. I always like to keep the chart simple. Green path : if today's candle closes green and above 0.45 $ with good volume, it's an entry on the daily chart. Red path : close below 0.45 $ which is mean we can't be bullish anymore until seeing another resistance breakout, and the price will be drop to around 0.35 - 0.37 $ ..... on 4h chart , we had a retest kinda , but some people wait for bullish engulf or wait for 2 green candles to enter a trade. also we had a bullish Divergence on RSI ..... not financial advice ! let me know what do you think and share your ideas with me , please ! have a good day !
Long
by coocoolikoo