CROUSD trade ideas
CROUSD will fortune favor the braves again? #CRO 1. Target: $ 0.79
2. Target: $ 0.92
3. Target: $ 2.8 lfg! xD
After 1 Month of consolidation, CROUSD confirmed a 12h break out of the downsloping supply line or the downtrend, which it was in for the last 30 days. Now CRO really needs to reclaim the .537$ level and start closing above it again. If it does, skys or btc the limit. bull divs on different timeframes and the other usual stuff. Funny thing is cro pumped so hard that i couldnt find a real low to fib from. however, theres a 50% discount on CROUSD rn! buy 1 get 2! lol :) Very low risk area imo.
BUY BUY BUYThis coin is new
it recently bounced off a new found support
there is bound to be price exploration to the upside
It is currently trading at about $0.65 and it's high was nearly $1.00
Bulls may attempt to retest the $1.00 resistance and take it beyond $1-$3 which would be a gain of at least 200% from current levels
I'm up about 50% from Gitcoin you can look at my other recent recommendations and follow me
I'm trying to follow the flow from coin to coin
CROUSD Crypto.com Coin Reaching a Point of ResistanceCROUSD has made a bullish run in the past few days and is now reaching a point of resistance and perhaps reversing off of it. The resistance line it hit is at the price where the highest volume occurred, at $0.69, as shown by the VPVR (Volume Profile) indicator. If price does reverse off of this resistance, then it forms a right shoulder and I would be looking for further downside or a stronger trend reversal signal.
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Crypto.com (CRO) important levelsCrypto.com (CRO) important levels on the 1hr chart 12/24/21:
52 week H = $.9698
52 week L = $.0560
Price levels 1hr chart:
EMA233 = $.5496
EMA144 = $.5522
EMA89 =$.5609
EMA55 =$.5756
breakout = $.6482
R3 = $.6390
R2 = $.6298
R1 = $.6207
pivot = $.6115
S1 = $.6023
S2 = $.5931
S3 = $.5840
breakdown = $.5748
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CROThese are levels that I'll be keeping an eye on when dealing with CROUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
I see a nice setup forming on this crypto from the higher perspective. I'm anticipating further movement to the downside, and looking for money flow to change hands between the $0.36 - $0.45 range.
*Indecision/bullish impulse @ $0.42
*Bear trap @ $0.48
*Liquidity (potential) between $0.36 - $0.45
* Sprinkle some fundamentals in the mix for extra seasoning 😎
Just my thought's and nothing more, nothing less. We shall see..
CRO: Crucial ZoneIf BTC reverses to the upside with strong bullish momentum, then CRO should follow. This support zone around $.48 - $.50 has held three times, which could be an optimal accumulation area.
100%+ gains from here to previous ATH at $.98. If this breaks $1 in the next few months, CRO will fly.
Bearish scenario: If CRO breaks below $.47 with a full daily close, then this idea is invalid.
This is not financial advice. These are just my ideas and opinions.
Top Alt Coin: CROCRO is an altcoin with long-term potential. Another 2x-3x is reasonable within 2022.
Fear is high in the market right now, and this is an opportunity to get a good entry on high-value projects.
My analysis is that CRO will rally leading up to the Super Bowl. Because, Crypto .com has spent millions on super-bowl advertising. Following game day, a small correction can be expected when people take some profits. Buy the rumor, sell the news situation.
Soon after that, however, the price is likely to continue rising through March during basketball season. Precisely because Crypto .com has NBA partnerships and MMA partnerships on top of that. This is a well-timed build-up of demand momentum for CRO token all throughout 2022 by following major sporting events.
Crypto.com Coin (CRO) at re-test after breakoutCrypto.com Coin (CRO) at re-test after breakout.
A new ATH would be conformation for leaving the old rising trend-channel 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing