Short on CRO/BTC continuedHaving broken free of the effective pullback we are now looking to continue the negative trend towards a bearish move overall. Stop marks may be previous structure looking left, where there may be some buying pressure, and going past that for extended targets really is deep lows.
CROBTC trade ideas
Pullback to Bearish MoveVery limited moves on the 4hr charts but minor pullback may be used to see 50% retracement nearly reached. Combined with a Bearish Flag Pattern may give indication of a bearish move down. Staying in the channel lines and possibly moving lower to break structure. Highs now of 0.-434 before the move down.
RiskyCRO has a lot of risk. The chart has fallen so far support is no longer clear.
Personally hold CRO though at about 3% portfolio. I think at this point the most effective risk management I see is position sizing. In some ways this has become more about FA then TA. After following them for the last 3 years I am asking myself. After this drop is this project crap or is the market over reacting. Then position sized accordingly.
Pros
They seem to be continuing to work
They have one of the best on ramp/off ramps in the world
People seem to hate them now so price is not inflated
We have not seen an alt season come and go without them returning.
Cons
Total loss risk is higher with so many people against the platform
If they can't get users back this could keep going down.
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 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.
CRO IN THE ACCUMULATION AREA-UP TO 250% REWARD PLUS SIDE BENEFITHello, as you noticed this is not the good moment for entering big on alts. However, it is a great moment to enter interesting projects little by little as it is IMPOSSIBLE to catch the all time low on investments.
Therefore, coin of interest have most likely to be accumulated now so that to average the entry cost.
WHY CRO? It is a solid coin from a great potential platform, gaining market share every day. Most importantly, holders are not incentivized to sell it as the coin has to be staked to obtain the services of the platform. It is a buy and hold coin that is not inanimate, but instead while held provides amazing benefits also. Namely:
It allows you to obtain a 2% cashback card depositing 1000cro. At the current moment, it is an 80$ deposit (not cost). Considering that the instantaneous entry bonus is 50$, the service is almost free and it is almost at break even at the very entry moment. Considering that the deposited amount can do up to 250% (check the chart).
It provides staking at 10% interests per year
It allows to participates in auctions on coins at 50% of their value
It allows obtaining DeFi tokens by simply locking the CROs.
Therefore, it is not simply a coin that can but gives you access to a bigger ecosystem. Probably when the "surprise effect" will fade, the company could increase the requirements or lower the benefits. I believe this is a choice that almost every investor in the crypto world will do sooner or later, and Considering the actual price of CRO, it is a good idea to do it sooner. Check my status for more info.
Crypto.com vs BTCcrypto.com is not longer use the MCO coin that was build on the ethereum blockchain, now changed to the CRO coin/blockchain for the use on their exchange that is still in Beta version mode.
I'm very curious how the exchange will be when the alpha version is lauched. There protocol for giving intrest on crypto's, there current phone app and especially there contract with VISA for handing out the a Cryptocurrency compatible card are already first class. Regardless of the incredible bullish peak, there will firstly be slightly more correction. But long term, this is a winner compaired to BTC.
CROBTC ://solid buy single on 4hr chart_watch4 .10 possible wallSolid buy single on 4hr CRO charts. Watch for the .10 wall and see how the different pairs react, esp cro_btc. (Last night at about 1am -3am Pacific standard time CROBTC jumped out in front of all other CRO pairs. This is a general good indication of a possible volume etc price spike when u see this large inflow on token/etc_BTC pairs)
_HGM
be care full with this one. It could dump, especially if negative economic events are effecting the market. Election etcetera. (We think Trump takes it and this buble or whatever we call this string of un-precidentanted events continues) Thoughts?
CRO - TIME TO EXIT (FOR NOW)Hello, despite loving the crypto.com project, and using their card with cashback on a daily basis, a trader must not be influenced by emotions. When an investment enters a bearish phase, be it a token, a stock, or anything else, it is time to sell.
From a technical point of view, we broke the 200daily average to the downside (and approaching the 200W), and entered at the same time in the retracement area. The lower part or the area is at 0.00001, where approximately the long term trendline is located.
From a fundamental point of view, the first unlocking of investor stakes is happening, hence the downward pressure is increasing. Indeed, now that MCO disappeared, all the pressure is on the cro token. Also, in order to guarantee all the other services, crypto.com has to issue a lot of Cro, and inflation as max supply increases steps in. Also,
That will be the time I will reenter the coin, the stake, the supercharger, and all the services they offer.
The only amount I left in Cro is the one propaedeutic to have the services linked to the card. See my status if you want to know more about this point or DM me, as the welcome reward will be halved in November.
I will reenter and benefit from the same interesting services at a lower price, or when I will see a stabilization of the price.
Let me know what you think!
CROBTC seems bullishBITRREX:CROBTC has been forming a massive cup & handle since april 2019.
Other bullis inidicators are
- Volume is high since June 2020.
- Touched and tested the EMA50 succesful in August 2020.
- RSI = 64 which is strong
- MACD > 0 and bullish (blue line higher)
If it breaks through 1592, the handle has been formed and prices could rise easily.
Targets are marked on the chart.
Stop Loss < 1350
This is not financial advice.
Do your own research.
#Whatever you can do or dream you can, begin it;
Boldness has genius power and magic within it
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.
Big short ! Cro going to the btm It’s a risk on staking cro to have the Visa card. People will get hurt by staking cro coz it has a inflation.
Possible call back to the golden pocket?If the 200 MA on the four hour is broken I will expect a pull back to the golden pocket somewhere around .00001240. The MACD is looking really good though so if it makes a break up we are headed back into the channel for some strong growth
Crypto.com (CRO) Continues To Grow, Silently...CROBTC (Crypto.com) continues to grow silently and somehow I am getting the feeling that it will do more.
The chart is strongly bullish.
It continues to grow steadily which is a signal of strength.
When an uptrend like this takes form, it is only a guess when it will break...
With that said, here I marked the most important support level in orange, as well as the next main targets with magenta dashed lines.
Jun. 3 | Previous chart
Crypto.com (CRO) Going Parabolic? (240% Mapped)
Namaste.
Risk sizingCRO continues to look over extended. Amazing performance this year. A 30-50 retracement would still be great yearly performance. Not seeing any signs of weakness in the volume if it's real volume???
RSI is very overbought A retracement to 50 weekly MA seems excessive though 20 MA is nearly reaching 50% retracement I previously mentioned. They are doing an amazing job with on ramping and marketing.
CRO short term trend line established?With this trend line I had drawn previous days ago, it seems like CRO prices would head according to it.
Thus, with that said, CRO prices may look to hit 0.000016 on the day of the next syndicate event before dumping like any other on the 15th July.
P.S. I had closed my long order yesterday at around 0.0000135 as I had doubts and felt safer to close it.
Crypto.com (CRO) Going Parabolic? (240% Mapped)Crypto.com (CROBTC) is going parabolic and has been growing for weeks.
Prices are now strongly moving above EMA10 and EMA50 while gaining momentum... This pair can continue to grow and print massive volumes.
Keep an eye on this chart.
Conditions for change
If prices drop below the orange space with a dashed blue line, the bullish bias is reduced and a new analysis is needed.
We remain strongly bullish above support.
This is not financial advice.
You still need a plan/strategy if you decide to trade.
Namaste.