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CRO

CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again? Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning. From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow. Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days. My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
BITTREX:CROUSDLong
by Tachycardia
MCO - Crypto.com - The New BankBITTREX:MCOUSD is a STRONG BUY Analysis Method: Fibonacci + Wave w/ dash of Fundamentals... Monaco is an example of what I call Banking 2.0. ***Free $50: Use my referral link platinum.crypto.com to sign up for Crypto.com and we both get $50 USD :) Crypto.com has an advanced app that works flawlessly... Features: 1. Wallet - Buy & Sell Crypto 2. Fiat Wallet 3. Card (Visa) - MCO Visa Card 4. Payment - Spend Crypto Anywhere 5. Rewards - Spending Rewards and referral bonus 6. Earn - Earn Interest on your Crypto Assets 7. Track - Track Crypto Prices 8. Crypto.com Chain (CRO) CRO (Crypto.com Chain) Whitepaper: crypto.com Wave 1: +455% Wave 3 is beginning now... Monthly Chart: Weekly Chart: Daily Chart: *Always see related ideas and click the 'play' button to see how price-action follows Fibonacci sequences Immediate Target: $14 Time-frame: 72 days See related idea for further analysis. Will update. -AB
MLong
by FibMarketWatch
CROBTC Analysis 08/09/19Crypto.com Chain has seen some resilience, up by 16% while altcoins were suffering from the Bitcoin's alway growing dominance over the cryptosphere. However, the coin is now facing a downtrend resistance that keeps capping any attempts made by the buyers to prop up the coin. After two strong rejections over the last 2 months and lower lows, Crypto.com is heading back toward its downtrend for a new test. Stochastic is showing some bullish tendencies, however as a lagging indicator, we wouldn't read too much into that as we are coming near this short-term resistance. Regarding the current altcoins' context, the breakout to the upside case is always hard to defend. Volume has been rising slightly but we are far from previous levels that could sustain a processing bullish momentum. We also have to take into consideration the fact that short-term lows at 377 satoshis are also the year lows, we are therefore sitting on the edge of another sell-off. Therefore, we expect to see sellers stepping up while we get near the coin's downtrend, putting some pressure on prices targeting short-term lows at 377 satoshis and lower. Raphaël Comte Investment Analyst at Token Metrics Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
by tokenmetrics