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Crypto.com Coin (CRO) - July 4Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- If it falls, you need to make sure you can get support in the 0.118234 to 0.120495 range. You should also make sure you can touch the 0.139598 point. -------------------------------------------------- ---------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a response is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
1
Crypto.com Coin (CRO) - June 24Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- We are maintaining a steady upward trend. You should check if you can get support in the 0.112843~0.115487 section. Also, you need to make sure you can climb above the 0.139598 point. If it goes down, you should get support at the key point, 0.080232. Otherwise, there is a possibility to touch the 0.056368 point. -------------------------------------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where the counter is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
Crypto.com Chain Price Analysis CRO / USD: Rolling DownhillFundamental Analysis CRO is attempting to hold strong by continuing to get listed in exchanges. Last month the project was listed on Bithumb and Bibox, while a week ago the project announced its listing on OKEx. The trend will likely continue which will further add liquidity and drive demand for the token, though market dynamics are rolling back the temporary gains. Crypto.com Chain / USD Short-term price analysis Crypto.com Chain has a bearish short-term trading bias, with the CRO / USD pair falling below key technical support on the four-hour time frame. The four-hour time frame is showing that the CRO / USD pair is coming under increasing technical selling pressure after falling below a neutral triangle pattern. Technical indicators on the four-hour time frame are attempting to recover, but still remain bearish. Pattern Watch Traders should note that the April 2019 trading low is the overall downside target of the bearish triangle breakout. Relative Strength Index The Relative Strength Indicator on the four-hour time frame is attempting to move higher, but remains technically bearish. MACD Indicator The MACD indicator is attempting to recover higher, but still remains bearish on the four-hour time frame. Crypto.com Chain / USD Medium-term price analysis Crypto.com Chain has a bearish medium-term bias, with the CRO / USD pair continuing to erode its recent strong trading gains. The daily time frame shows that the CRO / USD pair is trading in the middle of a descending price channel, following a strong technical rejection from the top of the channel. Technical indicators across the daily time are turning lower and continue to generate a sell signal. CRO / USD Daily Chart by TradingView Pattern Watch Traders should note that descending price channels are typically considered to be bullish patterns. Relative Strength Index The RSI indicator is bearish on the daily time frame and continues to trend lower. MACD Indicator The MACD indicator is bearish on the daily time frame and is currently generating a sell signal. Conclusion Crypto.com Chain is continuing to erode its recent strong gains, with the bearish breakout on the four-hour time frame weighing on the CRO / USD pair’s short-term technicals. The daily time frame shows that sellers may be preparing to test the bottom of the descending price channel for a key test of overall demand.
by CryptoBriefingTA
1
Crypto.com Chain Price Analysis CRO / USD: Holding The CardsFundamental Analysis Crypto.com Chain has surged after the company announced that it’s planning to launch its U.S. Visa card in partnership with Metropolitan Commercial Bank on July 14, 2019. This will further increase the project’s user base, which should positively affect the demand for the CRO token. Crypto.com Chain / USD Short-term price analysis Crypto.com Chain has a neutral short-term trading bias, with the CRO / USD pair falling back towards key technical support. The four-hour time frame is showing that the CRO / USD pair has reversed sharply lower after bulls failed to invalidate a large head and shoulders pattern. Technical indicators on the four-hour time frame are starting to appear overstretched. Pattern Watch Traders should note that the short-term trend will turn bearish if price starts to trade below the CRO / USD pair’s 200-period moving average on the four-hour time frame. Relative Strength Index The Relative Strength indicator on the four-hour time frame is turning lower and attempting to correct from overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame is still bullish, although it is starting to appear overstretched. Crypto.com Chain / USD Medium-term price analysis Crypto.com Chain has a neutral medium-term outlook, with the CRO / USD pair so far unable to perform a bullish technical breakout. The daily time frame shows that the CRO / USD pair remains trapped within a descending price channel, with bulls unable to hold price above trendline resistance. Technical indicators across the daily time frame continue to generate a buy signal. CRO / USD Daily Chart by TradingView Pattern Watch Traders should closely monitor daily price closes around trendline resistance for confirmation of valid bullish breakout. Relative Strength Index The RSI indicator is neutral on the daily time frame is bullish and continues to generate a buy signal. MACD Indicator The MACD indicator is bullish on the daily time frame and is generating a buy signal. Conclusion Both time frames highlight the recent failed technical breakouts, with Crypto.com Chain bulls still unable to hold price above major resistance. Continued failure around key technical resistance may see sellers start to return, shifting the path of least resistance shift to the downside.
by CryptoBriefingTA