Long Entry into CROLooking back at yesterday's candle, it was indicating to be bullish as price pull back when prices were trying to head downwards.
The 9 MA also looks unaffected and continuing its upward momentum.
All pointing to a continuation of CRO uptrend or recover after dump in prices caused by syndicate events.
CROBTC trade ideas
Interesting...Even before the BTC syndicate event which should caused a lot of hype around CRO and cause the price to continuously rise, CRO prices traced back slightly right before the syndicate event.
Therefore, this might indicate a possible ending of the uptrend or a possible downtrend as such upward movements CRO has been experiencing is unsustainable of long periods of time.
For now, I have to pay close attention to CRO price reaction after the end of the BTC syndicate even before making any more predictions about CRO price movements.
Reason why does CRO dump every now and thenEach white vertical lines represent the end of each syndicate event on crypto.com/exchange
If you noticed, during that same time, CRO would dump and for simple reasons as CRO is coverted into other altcoins during this syndicate event, triggering a sell off.
Later, people would sell their altcoin back into CRO to participate in future syndicate events with more CRO coins to spare, causing prices to return back to their usual prices or even higher.
CROBTC Trend ReversalCRO has been on a great rally for almost 2 months now, time for a trend reversal highly likely. Divergences showing on the indicators, highly overbought on the the RSI and overbought signal flashed on the Axel, which usually is followed by a steep decline in price.
I do not expect it to dump very low, but highly probable that we can see it below 1000 sats in the coming weeks.
SYNDICATE DUMP then MOON in AUGUSTTHE Cardano Syndicate brought CRO to the SPACE STATION.
But expecting a crash back to earth...UNTIL GIANT BULL RUN OF ALL BULL RUNS STARTS IN AUGUST!!!
Eskettittt!
The Sky is the Limit for CRO Crypto.comCrypto.com the number 11 Crypto currency of the world aims to increase the pace of mass adoption by welcoming its visa cards with bitcoin cashback systems or should we say (Coinback).
CRO native token of Crypto.com has been on a rampage lately with a ever increasing fan base and new user lining up to get one of those fancy metal cards, But as an 10 year investment should We be snatching some Cro for the long term?
I can not tell you what to do but I can share what I am doing, CRO will for sure find itself within the Top 10 Crypto Currencies of the world in this year alone, THE REALITY is that CRO and MCO have real good usability and a solid product, I personalally see it taking a spot next to binance the number 8th crypto currency of the world with 2,5 billion dollares on its market cap.
CROBTC looking bullish on the daily again?CRO could be looking promising against BTC again. The MACD on the daily appears to be about to cross up and we could be looking at a breakout from a bullish pennant. If the pennant were to break out as imagined, it would imply a target of around 850 sats. Looking at a slightly longer time frame, this would form an ABC breakout from a (very dubious) cup and handle which started to form in late July last year.
$CRO bullish 2020 vs $BTCConvexity is very reliable in crypto
Note all previous $BTC market cycles.
Fundamentally, these guys have the crypto.com URL. That is notable.
Their app is actually pretty dope and they have a working crypto debit card.
Bullish on real world applications.
Top 10 possible.
The $MCO double token is confusing and I don't like it.
Let's see how the convexity plays out.
Cup and handle forming?
Crypto Starts To Move | Easy 70% For The Next Targets Crypto (CROBTC) just made a strong move and is now trading above EMA10 and EMA100.
We are active here and aiming at 400%+ of potential profits.
Volume is still low, after such a strong move... Signaling that there is lots of room left available for growth.
Expect a retrace and then another jump.
Chart:
Thanks a lot for your support.
Namaste.