Crypto.com - Simply Bullish? (Mainnet Influence)
Updated
My personal opinion chart. This is mainly for my own reference.
If you haven't seen my 1st chart, please check that one for my original bull trend lines.
This is just building upon my previous chart. The details are general not exact.
-Continues to put in Higher lows.
-Staying on course, following the trending the bull line. (blue)
-I added a few possible price target zones & range.
-Might be another possible breakout around 13th to 15th.
-Additionally, a parabolic trendline added for bull range. (orange)
-Neutral Mainnet launch box. (large white).
If you haven't seen my 1st chart, please check that one for my original bull trend lines.
This is just building upon my previous chart. The details are general not exact.
-Continues to put in Higher lows.
-Staying on course, following the trending the bull line. (blue)
-I added a few possible price target zones & range.
-Might be another possible breakout around 13th to 15th.
-Additionally, a parabolic trendline added for bull range. (orange)
-Neutral Mainnet launch box. (large white).
Note
It seems to be looking good and staying on course.Touching into the red zone prediction and finding some rejection but quickly giving a shaky recovery & using the bull line as a support.
After getting a leg up and breaking the red zone, it seems to be making an easy clearing upward into the green zone.
Finding a little bit of resistance around the $0.21 mark.
Might possibly ping pong in the green zone before making another breakout attempt. Nearing closer to main net launch, this will be an interesting ride.
Note
I'm excited to note we hit the bullseye! Just a friendly reminder that I'm not a financial advisor and none of this is financial or trading advice.What's happening so far is CRO showing a lot more volatility as it reaches mainnet launch. I would personally be extra cautious if trading these lines.
At this point, the bull trend line is still in play but I expect it to break the trend now or later as it continues to follow the ping pong green zone.
Earlier I saw a small pause again at the .21cent mark. Nothing serious but it does have a indication of a trading influence. But even more so, you'll see one of my descending ghost lines being met with price action followed by rejection. This could prove a tight squeeze and breakout might happen within the next day or two.
Again mainnet being the target for potential waves in the market. I'll be continuing to HODL my CRO for the long term.
If you like my chart, show some support or please give a thumbs up! it's much appreciated!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.