CRO Bullish Swing Trade
Crypto.com is the perfect bullish swing trade for me BECAUSE
A) I use this app daily and believe in the project. (crypto earn, exchange, metal visa card)
B) The chart/TA line up well and point to a great risk to reward ratio.
Trading Plan: 4H Chart
1) Overall Trend: Bullish
2) Bullish Divergence on the MACD, RSI is coiling up into a triangle and has found support here multiple times
3) Supports are at .06 cents and .0565 cents. If these break, we can easily see .02 cents where I will accumulate more for the long term in hopes of potentially getting the 5% cashback card.
4) Bullish Gartley Harmonic Pattern
5) Only negative evidence I've gathered is that the daily/monthly timeframes do not align with this idea. Although this is a monthly trade and the monthly chart doesn't align, I maintain a bullish bias on cryptocurrency for the coming months as a good hedge against the trillions of USD dollars coming into circulation.
6) Main sell target for me is at 14 cents or the .236 fib retracement level. For the less risk adverse traders, sell at 10 cents or the .618 fib retracement zone and get your initial investment back and let the profits ride out or lock it up into crypto earn and get 12% CRO rewards for 5 to 10 years. I see this project as the Amazon of crypto right now with there marketing and products being offered. They are great at adapting to the market conditions and haven't been super profitable because of their referral bonuses and exchange giveaways, but once they capture a large majority of new crypto investors they will become highly profitable and they are now offering loans on crypto.
7) We have a 2-12 month time period for this trade setup and will continue to analyze the market conditions each month to determine where we are for the trend of crypto markets. Our accumulated CRO will be stored in the CRO 2% flexible earn while waiting for sell targets to be hit.
The main youtubers I follow for technical analysis are *Mitch Ray for trading related videos and also *Benjamin Cowen for logarithmic charts on Bitcoin and Ethereum. I highly suggest that new investors follow these channels to get a better understanding of crypto as a whole. After all, crypto has changed my life and it has the potential to change yours.
Thank you and good luck my future millionaire friends. :)
A) I use this app daily and believe in the project. (crypto earn, exchange, metal visa card)
B) The chart/TA line up well and point to a great risk to reward ratio.
Trading Plan: 4H Chart
1) Overall Trend: Bullish
2) Bullish Divergence on the MACD, RSI is coiling up into a triangle and has found support here multiple times
3) Supports are at .06 cents and .0565 cents. If these break, we can easily see .02 cents where I will accumulate more for the long term in hopes of potentially getting the 5% cashback card.
4) Bullish Gartley Harmonic Pattern
5) Only negative evidence I've gathered is that the daily/monthly timeframes do not align with this idea. Although this is a monthly trade and the monthly chart doesn't align, I maintain a bullish bias on cryptocurrency for the coming months as a good hedge against the trillions of USD dollars coming into circulation.
6) Main sell target for me is at 14 cents or the .236 fib retracement level. For the less risk adverse traders, sell at 10 cents or the .618 fib retracement zone and get your initial investment back and let the profits ride out or lock it up into crypto earn and get 12% CRO rewards for 5 to 10 years. I see this project as the Amazon of crypto right now with there marketing and products being offered. They are great at adapting to the market conditions and haven't been super profitable because of their referral bonuses and exchange giveaways, but once they capture a large majority of new crypto investors they will become highly profitable and they are now offering loans on crypto.
7) We have a 2-12 month time period for this trade setup and will continue to analyze the market conditions each month to determine where we are for the trend of crypto markets. Our accumulated CRO will be stored in the CRO 2% flexible earn while waiting for sell targets to be hit.
The main youtubers I follow for technical analysis are *Mitch Ray for trading related videos and also *Benjamin Cowen for logarithmic charts on Bitcoin and Ethereum. I highly suggest that new investors follow these channels to get a better understanding of crypto as a whole. After all, crypto has changed my life and it has the potential to change yours.
Thank you and good luck my future millionaire friends. :)
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