CROUSDT trade ideas
CRO to .50 CentsJust because I got so much flack posting a bearish chart on $CRO, I HAD to post another one for the moon boys LOL
$CRO bulls do not want to lose the .66 level or else M pattern PT would be .51 with potential for a bounce at .58.
The only thing that saved the last break down was some super bullish news. I would imagine there won't be anymore big news in the short term. Buyers beware hehe
Wait for confirmation of course! GL!
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Disclosure:
This is not financial advice.
I do not take every trade I post.
Never trade off of someone else's chart until you DYOR!
Lookin for my entry for a VERY long positionLooking for a good entry on CRO. Made the mistake of overlooking this one EVEN after hearing about the Staples Center being bought by Crypto.com. I see LOTS of potential for this project and token and am trying to find my best entry point. RSI is above 70 and MACD looks like it needs a cool down as well, hopefully a retest of the .382 at about .6 can happen and any lower than that is just more buying opportunity. Remember to DCA (Dollar Cost Average) if this is a project you believe in after doing research, best of luck to all!
Is this the end of the parabolic move on CROUSDT?Crypto.com coin strikes again. It has now become the 13th-largest cryptocurrency, according to Coingeko. In 2018, CRO was launched as the product of the Crypto.com company. Just like Binance coin (BNB), Crypto.com customers can use CRO to get discounted trading prices and qualify for better rewards. Crypto.com chain is also supposed to offer fast payment processing, to make it easier on the customers who pay with cryptocurrency and easier on the merchants who gets paid for their services using cryptocurrency. Also Crypto.com chain will support the expansion of the Crypto.com's line of MCO visa payment cards. With all these services and goals that Crypto.com is trying to achieve, I believe that everyone should keep an eye on their products. Recently, the cryptocurrency trading platform announced that it had paid $700 million to the Anschutz Entertainment Group to rename Staples center to Crypto.com for the next 20 years. This news has triggered a majestic parabolic move. Parabolic movements are usually caused by F.O.M.O, which is why when the selling pressure begins to happen, the dominos effect takes place, which results in a strong downward movement. For now I have decided to stay away from the coin and wait for more price action to develop. Although we are approaching a strong resistance, se we might see a downward movement very soon.
I Had Anticipated CRO today's pumpUsing an elliot impulsion wave, a corridor, multiple timestamps, RSI, MACD and Ichimoku Cloud by @syrextrading I was able to see that the CRO would hit at least 0.75$ when it was at 0.67$, which made me a good profit of 11,94% in a few minutes.
Follow me, I'm trading cryptocurrencies since 2014 and I'll start publishing my analysis (before result) from tomorrow so I'd be happy to help you make a few coins :)
CRO 2021 OUTLOOKThe chart is a description in itself...
I am bullish provided we do not break down from the accumulation zone.
STOP if under $0.05
Upper BUY ZONE is only valid on a break and a retest of the 50D EMA, CRO should bounce and continue in an uptrend thereafter. If it breaks down and there are strong sell signs then sell.
That is all for now.
$CRO (Crypto.com) Token Signal$CRO (crypto.com token) is up more than 40% since my signal 4 days ago! Congrats to those who went in with me. My goal is to be transparent in my trades and provide insights on what i invest in for my own personal portfolio. Meanwhile, i also have been earning 0.5% yields daily by staking $CRO and $USDT on app.cronaswap.org by providing liquidity (LP)
However, CronaSwap is a very new exchange on Cronos Chain and thats why they are offering high yields. Invest in your own risk and always DYOR!
