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CROUSDT trade ideas

CYPTO.COM (CRO) GOING FOR (0.33) SUPPORT RETESTKUCOIN:CROUSDT looks like it has broke its upwards momentum and is now heading towards the 0.33 support. I expect the support to hold ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
by xtekky
2
CRO is Approaching in its Buying Zone The Back Ground and Psychological Level of 0.40$ After making the high of 0.9550, the bulls of CRO gave up; in its deep correction, the first leg down was 33.50%, while in a second attempt, it lost more than this. But When it shed 50% from its all-time high, we see a decent bounce back to 0.48 to 0.68, which is almost a gain of 40 percent from the current price. Now in its third leg down, it is trading near the strong support zone and a psychological level of 0.40. It also becomes almost 40% correction from the 0.68 to 0.40 level. Point: A decent buying interest lies in the support zone marked on the chart, a dip below 0.40 will attract many buyers, and this will be an opportunity that CRO traders will not want to miss out. A psychological and important level that is hard to break. While on the upper side, 0.50 is a resistance tested two times and was failed on its third attempt. Pay Attention It will be a good buying opportunity when the price visits the 0.40 level but pay close attention to the daily close; it should not breach the lower level. Risk / Reward and Holding Period Hold it at least for two quarters; I expect it above 1$ at the end of Jun2022. It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
CROUSDT is testing the dynamic resistanceThe market is testing an important supply zone as you can see on the daily timeframe. (the upper chart). On the 4h Timeframe (lower chart) the price had a breakout from the triangle after a false breakout but got a rejection from the previous support now new resistance. Now the price is testing the dynamic resistance around 0.5$ and static 4h resistance. How we can approach this scenario? We'd like to see a clear breakout from the dynamic resistance and retest the previous resistance as new support. 0.55$ could be a safe place to apply our strategies and open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
4
CRO (Crypto.com Coin) Token Analysis 28/07/2021Fundamental Analysis: 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. 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. 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. 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. The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. 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. The live Crypto.com Coin price today is $0.123236 USD with a 24-hour trading volume of $41,467,222 USD. Crypto.com Coin is up 5.78% in the last 24 hours. The current CoinMarketCap ranking is #30, with a live market cap of $3,113,312,195 USD. It has a circulating supply of 25,263,013,692 CRO coins and a max. supply of 30,263,013,692 CRO coins. Technical Analysis: as we can see there exist a Hidden Bullish Divergence with MACD which is the sign of bearish trend reversal and as the price is currently reaccumulating at the 78.6% retracement level of Fibonacci which is a very powerful Pivot level and can turn the trend from bearish to bullish. there are 3 targets defined for the upcoming Bullish Cycles Fibonacci projection where the 3 TP gets its confirmation as the 2 TP gets triggered followed by some retracement and price correction
Long
by BitonGroup
9