Cro Crypto.com Will it be a Happy New Year $CRO Levels. This game has Levels to it.
$CRO looking to carve out a bottom and get back to highs by the end of the year.
We have 2 simple targets, first spend a little time in a channel between 360 - 420
Target 1: 750 by mid December, give CRO a couple of weeks to reaccumulate to break resistance .
Target 2: 1,400 by the end of the year.
Kris, the CEO for Crypto.com recently tweeted about some key points that is going to have a very positive effect for CDC.
Quote
"On 1) we just received a large batch of metal cards for EU/UK which will lead to a massive reduction in backlog over the next few weeks.
Having completed the transition to Railsbank, we are now moving forward with implementing virtual cards, which will allow for instant usage."
Also CDC have joined the VISA fast track program. Visa is helping its 60+ Million merchants to enable Crypto payments.
WalletConnect and MetaMask are now integrated with Crypto.com Pay! Again, increasing their user base.
Canada soon able to use the Crypto.com Visa Card. Opening a huge market.
Margin trading in Beta, bring many more customer to its fantastic Crypto Exchange.
Plus many other smaller and just as important details.
Overall Very Bullish for $CRO
CRO
Maybe consider buying CRO when it hits the double bottomCDC has this policy where they release incredibly bearish news, lol at the CRO sell-off then they "listen to their customers" and toss a few peanuts out for the circus animals. My assumption is that this most recent rise will compel a few lingering bitter customers to sell off, then we'll see a double bottom, and then maybe CRO will consolidate. Maybe.
CRO near the bottom?In the past we had some bearish divergence, and a drop followed. Now we have some bullish divergence and a cross on the MACD. So i'm starting to think that we (almost?) reached the bottom. If not, 2.5 cents is the next bottem, and that's the only place where i would buy more but i don't think we will go there (cards would be very cheap then).
If you don't have a card yet, i think now is a OK time to buy a 2.5k or 25k CRO card. Higher than those is always a big risk. I'm a fan of the cards and i use it a couple of times a week. For those who are interested: I have an Icy white.
The reason why the price is pretty low is because of some bad decision from crypto.com(CDC) and they made the community a bit unhappy, i talked about it in my previous post about CRO. Now there are some more restrictions on cashback with the card, that's why it is still going down is my guess.
But not everything is negative, they are a crypto company with 5 million app users (this does not mean that every uses it, they just have an account) and working products: like the cards, exchange, earn, pay, ... So when all this negativity blows over, i think CRO will go back up. Best time to buy is when everybody is panicking. If you are planning to buy some CRO, maybe wait until we closed above the red line (20 day MA).
Also there is only 21.7 billion CRO in circulation, and 78.3 billion in the hands of CDC So the price can easily be manipulated.
let's wait and see!
CRO dump 400%Greetings,
The daily schedule of the CRO tool, quite an interesting project, has been developing since 2017. It has its own stock exchange, wallets, and many other interesting projects. 19th place in the CMC. It trades only on the spot, it's a pity because I was waiting for a dump from the August high, and even made an idea about it.
In August, the price formed a double top, the opposite of the double bottom patern, and very often if you see what. the market you smile he wants to take away your money).
After the high, the price has been corrected by 400% or to 1 Fibo. The price is testing the support area 350-370. Exactly from this zone, the last time, the rebound started. But this does not mean that this time, especially with an increasing bitcoin, may well draw a downtrend channel and in this case, the price will test a downtrend and this is bad, as the bottom may be very far away there is no support.
Trading options of the instrument
1) Cancellation and confirmation of support 350-370
Trading from the borders of the channel. 2. If the price leaves and gets fixed below the support zone, it will break away from the trend when an upward trend develops.
Always use Stop Loss and do not use leverage more than x3.
A trader should always have tomorrow.
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CRO USD Volatility Bounce / Short long termCRO has been dropping fast following a lot of community drama over changing interest rates for CRO staking. CRO may have a small short term bounce as speculators buy the dip, but the overall trend is likely to be downward int he medium term. CRO's actual utility is limited, and it's entire value at present is essentially tied to interest rates (which were dropped without warning) and trust in Crypto.com management, which has taken an unprecedented blow. Couple this with the history of MCO and Paypal competing in the same space, and there is simply not much reason this coin has any value at all.
TLDR: Coin has lost underlying value. Pure speculation keeping it afloat, likely to collapse further.
Cro Crypto.com Token How low can you Cro? Lets keep it simple.
We have 3 clear Target Zones.
Target 1 - 650
Target 2 - 593
Target 3 - 362
Then the last line of defence (which noone wants to see get broken)
As a trader you would want to see the following.
1- Price reaches 650 region (give or take a few sats) and becomes new floor. Price above would need to break previous resistance at 800.
2- Price falls through 650 but finds plenty of support at 590, tests it a few times before breaking previous resistance at 800 and turning that into support.
3 - Price drops to 360 region and unless there is some seriously wrong with CRO price should hold strong here and provide the perfect entry price.
Moral is low.
Faith in team is low.
Product (card cashback, perks) is strong.
Lets see how this theory plays out.
Mainnet by the end of the year (if released by then) should provide a much needed relief in the sell pressure.
Possible 5th wave incoming from CROOKEX:CROUSDT This will maybe play out. I think with the amount of volume in this run, it is hard not to see it as an impulse wave rather than a 3 part correction. If so this will hopefully lead to one more leg up. Pick it up soon or wait for the confirmation. It is extremely oversold with bullish rsi divergence. Strong support incoming at the .0710 range. This is the daily chart.
Crypto CROUSDTPrice starting to stabilized last few days.
I think should be good time to start accumulation between 0.70 - 0.85 range.
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Reminder: MCO is already trading way above the Swap Rate.At the moment, there is no liquidity.
Crypto.com have basically forced everyone to sell their MCO as exchanges are participating in the swap. So there is next to nobody who owns MCO that hasn't already sold it. (Except for the top 25 addresses that ofcourse won't budge ;)
This means there is a one-way pressure gradient. The only available MCO are going to come from an elite few (including Crypto.com that now own nearly 80% of the coin, who will then burn 50% to reduce supply even further).
Have a look at how difficult it is going to be to get MCO after the burn and swap.
MCO is already trading well above the swap rate and the buy-back offer period from CDC hasn't even finished as there is literally no more sellers.
I tested out the upside with about 10k worth of MCO and the priced pumped by about 40%...
After a certain threshold, this price is going to be soaring. It will be even more interesting to see what happens when CDC finally begin the moon stopover.
CRO looks like it's about to wedge upDespite lowered Earn interest rates, Crypto.com still has a robust suite of industry-leading products in the cryptocurrency space.
ie. soft-staking, fixed interest rates, multi-currency stablecoin support, credit card rewards, etc.
The price has been dipping a bit, but it looks like it'll soon hit the medium term trendline and wedge up.
Before investing in CRO, read thisWhy i think CRO wil drop in the short term and in the long therm. Short story, a lot of early investors of MCO are mad and they have lots of CRO that will be unlock within one or 2 weeks and a lot more in 6 months. They feel wronged and don't see any potential in CRO.
LONG STORY: MY 3 year journey with CDC (cryptodotcom)
I first posted my review on the cryptodotcom reddit but they censor everything they don't like, so here's my story again.
For the record I did not participate in the ICO. I held MCO since the summer of 2017. This is not FUD and it is highly subjective because it is MY experience.
Crypto.com is a great app for buying crypto. But I would not trust them with all my funds after what happened on August the 3rd. Crypto.com was once called Monaco. They had an ICO for a cryptocurrency payments card. 15.7 million coins were sold and the other 15.7 million were hold by crypto.com.
You could get a free card with benefits if you locked up 0, 50, 500, 5000 or 50000 MCO on the app. The higher, the better the rewards. It took a while before the first cards arrived and they kept giving wrong eta's until they stopped doing that because it always got delayed.
After a while they printed 100 billion of a new coin called CRO it would be used for a whole payment network. MCO holders on the app would get airdropped 5 cro for every mco that they hold, each month for 60 months.
After 7 months the airdrops stopped. Cards started shipping in the USA and the airdrops had to stop because of regulatory issues. So mco holders were pretty bumped out about that, but were happy that cards started to ship in other regions than just Singapore.
Months passed, there was some advertising for MCO but not that much, finally cards started to ship in Europe and investors thought that this would be the moment for MCO to finally increase in price. But honestly most of the teams attention went to CRO and the new exchange with CRO-trading pairs.
MCO holders were getting worried and during an AMA with the CEO of crypto.com Kris M. they asked if there was going to be a tokenswap for MCO with CRO. And he said there will NEVER be a token swap. So good news. There was also an MCO moon stopover on the roadmap so early investors were still hopeful.
Months went by, MCO started disappearing from the major exchanges (getting locked up 6 months for the card) so things were looking up. Price also started to go slightly upwards. There was only a 15.7 million supply so after a while, the price would go up (high demand low supply - > basic economics)
But after a while the price of MCO was starting to go down. MCO was flowing back on the exchanges. These were some weird events according to some early investors. They started asking questions. Is cdc (short for cryptodotcom) running on a fractional reserve? But they never got an answer.
Then it happened. A maintenance for the app and exchange was announced for the 3rd of August. Nothing special, these things have to be done now and then. But a lot of early investors woke up and couldn't believe their eyes. A token swap was almost forced upon them. The MCO token would become useless and you would need CRO to stake for the card. But the problem was the terrible conversion rate. 1 MCO for 27 CRO. And a 20% bonus locked on the exchange for 6 months if you swapped before September(what now they can give free CRO after all???). (end rate 1:33)
So what is so bad about this, and I've noticed that this is really hard to understand for some people is this. If you had a market share of 1% in MCO then you now had 1/6000 of that market share in CRO.
How did they justify this? They based it on the dollar value of the coins at the last couple of days. Yes the last days when they let MCO die in a ditch and promoted the sh*'t out of CRO. A couple of months ago MCO/CRO would be 100. So yes this was the perfect timing for them.
We don't know for sure for how long this was the plan. Did they pumped up the price of CRO and sold locked MCO cheap? There is no proof of that but it all smells fishy.
The next day, 4th of August there was once again a AMA with Kris M. The CEO. (something I forgot to mention, the CRO lockup for the same card did a x100. Weird right? When user only got an x32. 500 mco card became a 50000 CRO card. If you had the card already you'd be grandfathered in) Alot of people complained but Kris said that they couldn't give out higher rates like x100 because it would cost them too much money. Yes you read that correctly they couldn't give early investors a higher rate of their 100 billion printed CRO. That would literally cost them nothing. It's only a lost future profit. Small price to pay to keep the early investors happy who made it possible for CRO to be created.
So what did they do, they lowered the stake for the cards with /5. 50000 CRO became 10000 etc. Pretty smart move to keep the attention of the x33 swap rate. There's a chance that this was the plan al along. But again this is just speculation.
End of story. Alot of things happened that are fishy. And I still hope that there will be a bigger reward for the early investors. But I doubt it. It's a good app for buying crypto but I would not trust them with all of your funds because they can freeze them whenever they want. Cards work fine and I'll keep using one. Customer support is a bit slow but always friendly and helpful.
Some people will have the same opinion as me, and others will probably call me a whiny little b*tch. So let just skip that part. It's a review and those are subjective. And this should be allowed in the cryptospace.
cro stablity in uncertain crypto timesthose who know me know that the only crypto im actually bullish on is cro, its the only one I have long term holdings in, and nit just cause I get free spotify and Netflix with it, the insane amount of perks and cash back, and the 16 percent yield farming, the coolest looking card that you cant call plastic, visa even backs this token, but because to hold cro means you have honest intentions to watch a supe steady 300 plus percent a year growth, this coin is actually super awesome. and to see it go through the September masacre and basically bounce right back, forget about the FA evaluations on this token, TA is saying theres good momentum, good signs, bullish crossing on the daily forming, already formed on the 4 hour marker, and its bouncing off its mature support level, I think this is the only crypto to realize solid and not overinflated profits at around 20% going into mid November and after stimulus time and pre Christmas this should be past the key area into the 22 to 25 cent range. that's way better then hunting down slaughtered to death coins like uni, so im doing a favor and posting this when I was kinda fencing about it but the crypto day traders need a break and need some decent profits as of late we been taking a beating lol
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Crypto.com Boom? This Is What I Am Feeling...Crypto.com (CROBTC) tested EMA50 as support after a very easy retrace.
This pair, CROBTC, has been growing massively in the past few months, so it would be normal to expect a strong correction after such growth.
Right now we don't see much momentum going to the bears' side...
It looks like CROBTC can resume straight up after testing and confirming EMA50 as support.
Seeing how the candles are stacking together, one green candle next to the other, this can lead to a strong jump in prices when we see this type of consolidation taking place.
I am betting CROBTC will jump...
Let's see how it goes.
This is not financial advice.
Namaste.
MCO probable scenariosThere are still that gap to be filled on the lower end, so i can see either a $6.30 -> $6.60 and $6.70 -> $7.10 as bullish scenario and a $4.93 -> $4.55 and $4.49 -> $4.00 on the bearish side of it
THIS CHARTING IS NOT TIME SENSITIVE!