CRO
CRO / USDT 1D Interval- support and resistanceHello everyone, I invite you to a short 1-day CRO / USDT review.
At first, we see that price has been moving along the uptrend for a long time, but from the top to now we are below the downtrend.
Please note that we are moving briefly in the downtrend channel marked with yellow lines.
Now let's move on to determining the support that price has in the event of a further decline, and as you can see, the first support is at ninety-six thousandths of a dollar, another at eighty-seven thousandths of a dollar, seventy-nine thousandths of a dollar, and seventy-two thousandths of a dollar.
Next, we will set the points of resistance in the same way, if the price changes direction and starts to rise. The first resistance is at one hundred and eleven thousandths of a dollar, then at twelve cents, the next one is one hundred and twenty-seven thousandths of a dollar, one hundred and thirty-four thousandths of a dollar, and one hundred and forty-five thousandths of a dollar.
Please look at the CHOP index, which shows that we have more and more energy, and the MACD indicator, which indicates that we have entered an upward trend.
🟢 CROUSDT - 4H (29.09.2022)🟢 CROUSDT
TF: 4H
Side: Long
SL: $0.107657
Pattern: Bull Flag
TP 1: $0.111851
TP 2: $0.114481
TP 3: $0.116608
CRO going to break out roughly within 24 hours. Enter now and DCA or wait for price to reach red area.
CRO / USDT 1W Interval- support and resistanceHi, let's take a look at the 1W CROUSDT chart. It is worth noting that we have dropped below the long-term uptrend and we are currently in the downtrend channel marked in blue.
Looking further, it is worth determining the support that the CRO has in the event of further declines and here we can see that the price is currently in the support zone, which is from $ 0.111 to $ 0.098. If the price drops below this zone, the next strong support is around $ 0.584.
Now let's move on to the resistance that the price will have to overcome to keep rising, and here we see that the first resistance zone starts at $ 0.137 to $ 0.162. The next zone starts at $ 0.199 to $ 0.261.
Let us pay attention to the CHOP indicator which shows that we have a lot of collected energy. and the MACD indicator which shows that despite the current decline we are in an uptrend.
Cronos CRO Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Cronos CRO is one of the cryptocurrencies that have a lot of potential for a bull run.
CRO/USDT
Entry Range: $0.11 - 0.12
Price Target 1: $0.14
Price Target 2: $0.17
Price Target 3: $0.20
Stop Loss: $0.09
CRO / USDT 1D Interval- support and resistanceHello everyone, let's take a look at the CRO to USDT chart on a 1 day time frame. As you can see, the price is moving below the uptrend line.
Let's start with the designation of the support line and as you can see the first support that the cro is currently based on is $ 0.1120, if the support breaks down, the next support is $ 0.0985 and $ 0.0602.
Now let's move from the resistance line, as you can see, the first resistance is in the zone from $ 0.1302 to $ 0.1508, if you manage to break it, the next resistance will be $ 0.1667 and then we have a second resistance zone from $ 0.1822 to $ 0.2061.
Looking at the CHOP indicator, we can see that we have regained some energy in the 1-day interval, and the MACD indicator shows that we are in an upward trend.
CRO ready for big pumpHello Traders, here is the full analysis for CRO , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate long position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Cro fundamentalCrypto.Com Exchange Announces It Will Be The Official Sponsor Of The 2022 FIFA World Cup ! ... The tournaments which will be held in Qatar from 21st November to 18th December are expected to bring a significant number of potential clients for the exchange as the world's attention turns to watch the revered sport . According to the official blog which also reflects on the FIFA website , the " sponsorship will drive significant awareness around the cryptocurrency trading platform through brand exposure at the world's most popular sporting event ' .
so funda says it is apt for more possible growth even in a bearish market !
Technical POV :
so funda says it is apt for more possible growth even in a bearish market ! as you can see on the weekly timeframe , CROUSDT it's trading on a demand zone so if maintains this current support lvl then can see higher prices and pivot zone , although it'll also face a descending trendline that acts as a dynamic resistance line , but if CRO breaks out this line , it will test the higher resistance zone
!! Good luck with your trading and investing and remember : Trade smart ... OR JUST DON'T TRADE ! This analysis is my personal opinion , not a financial advice , so do your own research
I emphasize that this will happen if the analysis of the fund shows a reaction and is welcomed by the people, and there are still problems from a technical point of view
ATOM/USDT 1D COSMOS CRYPTOCURRENCIESATOM/USDT 1D BYBIT:ATOMUSDT
price $11.985 bybit perp, bullish for a long to 12.475, take profit on the climb up.
resistance at 12.475, which has been rejected multiple times,(bearish), I would short, with tight stop loss,
combined with being in a rising wedge, channel (bearish) we would need big volume to smash the resistance,
rsi would need to be more oversold in the coming days for me to be bullish, as well increased buy volume.
I am expecting rejection at 12.475, falling to 11.200, then 8.530 at some point in September.
that's my bear case theory. I do like cosmos/atom and am bullish in the long term, I think its a great
project and has many good projects running on it.
$CRO next stop [$BTC aims with 50/50 chance, which will it be!?]We're at the mid point in the current short term move ending the EU day and handing over to the US.
Current price is .1246. The next 2 hours, my upside target is .1258 and downside target is .1226., which is where I predict we'll most probably start the day at US market open.
Better / Worse case scenario is one bump above and below at the half way point of the next fann line: .1270 (with a pull back likely at open) or .1205 (with a pump at open likely).
May the consensus be with you folks!
🥴$CRO Day Trading Plan and Review [$DXY, $BTC move as expected]Current position: LONG $CRO
My analysis from yesterday was pretty spot on, even surprisingly to myself! 🤣 Makes me happy either way. The intuition that Gann Fann analysis allows, along with volume profiling and general understanding of market movements after having been trading now for the past 3 years seems to slowly be paying off.
The main level's and ranges i'm watching for $CRO are as follows...
.1250 - .1265 is 'accumulate shorts' zone
.1169 - <= .1180 is accumulate longs; zone
Ultimately I anticipate a pull back to the golden pocket around .12175-.1220, sooner or later, before the #Jacksonhole speech. If we don't bouncer there, expect a further pull back into .1160-.1180 range, maybe as far back as .1140, before hitting a decent spot for retracing back upward again once we have whatever news we might have from #JeromPowell and the #FED.
If we fail the .1230 level today, expect blood in the streets. We will almost certainly be heading toward the golden pocket around .1220, as mentioned. It would mean we've left the rising wedge structure we've been bouncing around the past week or so, and this usually implies a continuation to the downside.
Honestly, I do expect that the next 2 weeks will continue to be bearish and we're likely to see touches within those lower ranges. I don't like it, but it's what i'm seeing in the charts.
There's a ton of support in the charts around .1169 -.1180 though, so at least there's that. It's where i'm looking to accumulate a larger long position again. With only smaller trades here and there along the way as we process the daily volatility before the month closes tomorrow end of day.
Good luck everyone! Watch the video's for more. Check my profile 👇🏼👇🏼👇🏼 for other information, and don't forget to let me know what you think with a like and subscribe! Be safe out there and do your own research too, ofc. Seeeee ya!
crypto.comhavent posted a crypto.com chart in a while----it once was .75 cents-----and now its .12-17 cents bear market will do that----lol I dont know whats worse the southpark critisim or the fact that I created cro 6 months maybe 3 months before a bear market and it still survived---I think people need to give cronos some credit regardless-because the next 3 years for bitcoin and cronos will be a plus---its just those investors who invested into cronos didnt know the bear market was coming or they did and regardless forgot that they would lose money----wonder how they will feel when this reaches a dollar---some people do have heavy bags still.....invested into cronos....regardless of how the market is currently.....
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at?
The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally?
I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels.
I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open.
Summary, SHORT.
My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
📈 $DXY & $JPYX are on the rise [🔻$MSTR, $BTC, $EURX, $CNYU]We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing.
If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and sell more of my $MSTR when pre-market opens for the day. We've been rejected at a few too many key levels for my $LONG comfortzone this week. If, and only if we can recover 21500 $BTC and then 21800 BTC with strong volume, will i look at switch bullish and slowly accumulate LONG positions between 21400-21700 with a target of 22400 to exit.
I'm targetting an initial 25% exit for my $CRO short position at .1233, with a reversal and initial 25% LONG position starting at .1205.
We very very very well might go lower though, so my expectation is to keep my DCA range tight. The volatility is going to be insane going into the first 2 weeks of September! Gooooo #ETH (consensus layer merge!)
If $DXY retraces during the US Brinks (pre-premarket) though, watch for the fakeout! THere's a lot of pressure building up (volume), the moves will likely be fast.
Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325.
$DXY continues to show strength, but given the double top, it's possible for a short-term reversal, if not a all out dump in September when the Jacksonhole rate hike announcements are made. Stay tuned!
My custom Accumulation / Distribution scripts are warning that the market is likely over heated (on the 15m scale), which aligns with the fact that BTC also rejected it's approach to the golen pocket formed from the most recent dump.
All this is to say, i'm still holding only my $CRO short position for the time being. Last night my take-profit limits only managed to cover 25% of my open position as I slept, when Asia brought us down into the .126 range before retracing back to current levels as EU opened.
With only 4% gains at the moment, it's nothing to write home about, but i'll be looking for good opporutnities to accumulate more shorts, as my overall thesis remains about the same as it was yesterday. Lots of resistence around the .13 levels for $CRO. And lots of resistence for BTC at 21450-21500 (golden pocket). Same like 282-285 for $MSTR.
Watch the $DXY! If it continues to rise quickly, expect asset prices to further collapse!