OTC crypto shops flood Hong Kong, however regulations may additiHong Kong, one of the maximum enormous and leading monetary centers inside the global, has performed a large function within the development of cryptocurrencies. For example, the Chinese territory has birthed a number of the most established and a hit crypto organizations up to now inclusive of the crypto derivatives trade FTX, in conjunction with the digital asset platform Crypto.Com. Yet, as trillions of dollars are traded regularly through crypto exchanges based in Hong Kong, the “Vertical City” additionally carries an abundance of bodily over the counter crypto shops as properly. Henri Arslanian, PwC crypto lead and previous chairman of the Fintech Association of Hong Kong, informed Cointelegraph that the wide variety of conventional OTC crypto brokers in Hong Kong truly stands proud. “These are literally brick and mortar stores for the retail public,” he stated.An anonymous supply in addition instructed Cointelegraph that even as traveling round Hong Kong, he couldn’t help but notice a massive upward thrust in OTC crypto exchanges, a number of which even provide get admission to to cryptocurrency ATMs.
CROUSDT trade ideas
CRO/USDT (4h) Bullish patterns foundIn the chart , the CRO/USDT forming a CUP and HANDLE in a longer time frame, also the handle of the cup making a inverse HEAD and SHOULDER pattern which is near to breakout. there is also a HIDDEN BULLISH DIVERGENCES seen on a right shoulder in the price and the RSI. also MACD is crossover through the signal line is seen, and the HISTOGRAM is continuously showing the buying of asset. The breakout from head and shoulder can leads to a 40% of profit apporox for a short term, but holding for a long run can give a 127% of profit as a breakout from a huge cup and handle.
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CRO will rise shortly after CRONOS LaunchBy using the chart by week i can see an equal gain between the average highs which so far is a clear 6 month cycle and next high will probably rise within same hights. My analyze hints towards $0.24 end of november, fair enough a great take profit for those buying in past summer low. I can't see a new ATH yet this year. I did analyze by Day chart and got a different, sky rocketing $0.4 by end of november.
Long entry points for Crypto.com token ($CRO)Messy chart, but these three levels are where I am looking to ladder in my entries for CRO/USDT. A few factors create confluence in my mind, including Support/Resistance Levels, Fib Retracement, Decreasing Sell Volume, a big swing away since last 100MA touch and also RSI approaching being oversold and due a breakout. #LADSTRADS
CRO - $0.333CRO is currently trading just above the support zone of $0.1650. If its stays above this support zone, we could start seeing a move towards $0.1896, $0.2048, $0.2170, $0.2293, $0.2467, $0.2689 and $0.3330. Failure to hold the support at $0.1650 could lead to a drop towards $0.1560 and $0.1458.
CRO Short : Dip + Buy : Technical Target $0.178SUMMARY: Short, dip and buy with target $0.178
Overall , I am bullish on CRO token.
Short term, descending triangle and the slight Bearish divergence on the daily.
Also, on the 17-Sep there was a Golden Cross on the daily, usually there is a dip after a Golden Cross.
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*Not financial advice and is for educational purposes only. Always DYOR.