CROUSD trade ideas
Crypto.com token CRO my first analytics, TRADING PLANHello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
Today I want talk with you about Crypto.com CRO token, because I also get a lot of messages with asking to make CRO idea.
At first take a look at support zone 0.38-0.42 USD
Also take a look at support line and resistance which compress the price to support zone and also creates something similar to falling wedge pattern.
As you know falling wedge is bullish pattern.?
Im expect that price will decrease to support line and probably make false breakout.
And in the end we will see strong upward movement from support zone.
Target will be current resistance zone 0.64-0.68 USD.
So, I'm waiting for this scenario and probably will buy some tokens on the deep.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
This altcoin is showing strength CROUSDUnlike BTC, ETH, ADA, LINK, DOGE... all coins continuing the struggle to renter bull market territory, CRO is hovering well above bull market support bands -- 20w sma & 21w ema -- nuzzled in just under $0.50.
If BTC bitcoin continues to _not crash_, I can imagine us moving towards the pools of liquidity visible in the VPRV around $0.52 and $0.69. On the downside, the bull market support bands should act as decent support. But a quick -17% tumble would get us there.
We have a rising resistance line above our heads too. It's likely holding us down now since Jan 5th.
This might turn out to be the last days where the accumulation indicator shows green.
Who's buyin'? I'm bought in, and staked here myself personally since early 2020. Last year was a good year for CRO.
CRO could hit a massive run any day nowWith the tightening of the bull flag pennant (or so what I see it as), I see CRO popping off anytime soon. With further bullish divergence on the 4 hour chart at our current low, I see this as further support for the idea. This rally could be brought by news or simple reversal. Targets are above 1$, however I would be cautious, as I see us having strong resistance at all time highs. I currently have a trade active at the moment with a target of 0.8$ This is not financial advise.
Crypto.com Coin BUYS! HOLD TO $2.50 A COIN Crypto.com is with out a doubt one of the most used Crypto exchanges in the world and they come in at 1st place for me in terms of marketing and leading the way for adoption, the changed the legendary staples centre name to crypto.com arena come on..
Anyway CHARTS are looking very good for a good DCA here, currently in a DAILY POI which it seems to be respecting very well. Will be good to run a DCA from 0.46 - 0.35 C to hold onto this long term. I have a lot of faith in what crypto.con are doing now and have planned for the future, the partnerships as well are all great from the fundamental side, finally a nice correction has presented itself for a nice dollar cost average buy in.
Crypto.com token to breakout wedge soonCRO is now at an ideal retracement level FIB 0.786.
It seems to want to go down a little more to retest 0.412
which coincidentally is the FIB 0.854 level (last chance)
& is also the first breakup candle low last November.
After 0.412 retest, it will then breakout of the descending wedge.
Pls also do own research & comment here your analysis.
#Crypto .com Coin (#CRO) at interesting support...Crypto.com Coin (CRO) at interesting support...
...by 2-Day MA Ribbon and 2-Day RSI - both well respected in the past.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Crypto.com Triangle Pattern CRO is seeing weakness after finding resistance @ the 23.6% Fibonacci retracement level. Price is trending below all short-term moving averages and has formed a descending triangle pattern. Bearish price structure w/ mixed momentum & trend indicators. Above .6495 = bullish, below .4795 = bearish.