CROUSDT
Inverse H & SInverse H & S pattern showing. Daily candles also look like they're inching toward the red lower Bollinger Band, indicating strong potential for a bounce. I believe we still need the right shoulder to connect with the left shoulder of the pattern at approx $0.09~ for the bounce to occur. The target for this pattern would be just below $0.20 where last resistance occurred.
Not financial advice, just my opinion.
CROUSDT (Crypto.com Coin) -Coin of the Week Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized, open-source blockchain created by Crypto.com, a payment, trading, and financial services firm. Crypto.com Chain is one of Crypto.com's solutions aimed at accelerating the worldwide use of cryptocurrencies as a method of enhancing personal control over money, securing user data, and ensuring users' identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
Technically, CROUSDT made a new all-time high in February at 0,2753 USDT. From February until today this coin is in a correction that started with a sharp wave down, followed by a deep correction to the upside and then another move down. If we look at the 4h timeframe we see that we are in a big consolidation phase that will probably continue to the downside. For a move to the upside to be taken into consideration we have to break the resistance area and stay above it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
CRO Best Visa card Now!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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CRO is very undervalue. It has a real purpose, with over 10 Million user and over 1000 employee. It is still very early on and I see a real project that can do well long term.
CROUSDCRO / USD rejected from the Fibonacci 618 level from where I bought and even now it closed above the Fibonacci 0.5 level and now I will look for BUY to the 0.22 area in the next period!
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GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
CROBTC MARCO TREND CROBTC MARCRO VIEW
Expecting increasing in volume
Bull support at 250-100
No Trend zone below 100
The 3D 100ema will be the primary resistance at 400-500
**First Macro target at 1500sats or the August 2020 Resistance
Second Macro target at 2000sats or the April 2019 Resistance
Third Marco target is at 3000sats or the March 2019 Resistance**
**Auto pilot mode above 3000sats**
CRO:USD Uptrend Held BeautifullyAs you might have read from the title, the uptrend is clearly visible and it was held beautifully even during the recent selloff.
There is resistance at 0.24 that needs to be broken for further upside and then we have the upper trendline of this uptrend.
If we perhaps break to the downside then we have the following targets: 0.173, 0.165, and 0.15(ish).
We must see how the market turns in the near future and prepare our plans accordingly.
(not trading advice, I'm not your financial advisor, do your own due diligence)
CRO - Where Is The Money?Analysis:
- Liquidity Points
Liquidations: $0.25 & $0.17
Money Level Bulls: $0.27
Money Level Bears: $0.16
Money Level Bears: $0.14
Money Level Bears: $0.12
Opinion:
Markets seek liquidity in the form of stop losses aka liquidation levels
I have laid out the daily levels of liquidity for both the bulls & bears
If you are bullish then you should be buying at the lower money levels if we reach them :)
If you are bearish then you should be selling at the higher money levels if we reach them :)
Broadening Bottom patternA-B-C-D-E correction showing. Would expect a bit more of a dip based on this pattern, then a bounce out of the top trendline. Had shown an inverse H & S pattern between B and C steps, as mentioned in my previous analysis, but a sharp rejection occurred at ATH resistances @ D down into the current megaphone. Not financial advice.