CROUSDT trade ideas
$CRO : about this gianthello everyone.
h r u today?
i am feeling good about $CRO,it gives good signs.
first, it broke the resistance line of the descending channel ,it could move towards a traditional resistance line at 0.48$,
or it retests the channel line and then rises.
second, the presence of a very weak volume on the monthly chart support this idea,
the next month will be great for the coin🤑
what do you think?
Bullish play is still on 📊Let see where it wanna go
Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark.
remember we are in the bear market even thu some are still technical to the upside ( like CRO )
But it all depends on how the market will react.
If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to the 0,20 mark ( biggest CRO support )
and that means we are in a bear market with CRO aswell.
Lets find out where is gonna go to in the next couple of mouths ( stay alert to the overall market aswell since they are in charge atm )
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
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CROUSD (1H) Bullish reversalHi Traders
CROUSD (1H Timeframe)
Waiting for the upward break of 0.496 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.424 would cancel the bullish scenario.
Trade details
Entry: 0.496
Stop loss: 0.424
Take profit 1: 0.540
Take profit 2: 0.610
Score: 4
Strategy: Bullish reversal
CRO long setup- Multi-month downtrend
- Price seems to have bottomed out
- Broke 50EMA (as in late december)
- MACD curling up ( " " " " " " ")
- MACD histogram green (" " " " " " )
Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple)
However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection from the 100 EMA and a further move down. Despite this very strong bullish candle.
What would you do?
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.
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.
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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.