Crypto.com Coin Eyeing $1As per the Elliott Wave analysis, the Crypto.com Coin (CRO) shows an impulsive price structure that calls for higher prices. CRO has gained more than 57% in the past 7 days, breaking above the mid figure $0.50. CRO is now looking ahead to eye another significant milestone – the $1.00 mark.
Elliott Wave Analysis
The Elliott Wave analysis suggests that the rally from the 3 November low can unfold as a 5 impulsive wave structure. Up from 3 November low, wave 1 ended at the $0.42 high. Then, the coin extended lower in wave 2 towards the $0.31 low, and from there, it bounced higher in wave 3, which is currently still in progress.
Wave 3 can be broken down into 5 sub-waves, but the move towards the current high of $0.69 only unfolded in 3 waves. Wave 4 seems in progress now, which should end above the support level of $0.42. From there, we would need one more leg higher to hopefully complete wave 3 of a higher degree. Once this is completed, there is still more upside to come in wave 4 and wave 5 to fully complete the entire 5 wave sequence.
CROUSD trade ideas
CRO Crypto(dot)com has widened it's projection zoneCRO has been getting stronger since August. We reached new ATHs recently at .63 in the past week or so. I see us getting back to that point easily (waiting for BTC to level out) CRO is something on my primary watch-list, I have scalped it now successfully several times. I think it is a great coin in the long run, and if anything it is absolutely one to watch.
CRO next target incoming! This week will be another big week for the CRO token.
When it will hit the juction of the past ATH and the uptrend line, the movement after that will indicate us if we are still going up and challenging the ATH or stabilizing back to a lower support.
One thing is for sure this is still an amazing long term entry point. I would defenetly wait more toward the 0.45-0.40 range to buy back in thought!
Why is CRO going up? The next 10x coin?Many cryptocurrencies have been on the uptrend over the recent weeks. Amidst the bull market, it’s common to see tokens surge in accordance with the trend in their respective category. For instance, when Shiba Inu began printing higher highs on the price chart, other tokens in the meme-coin category quickly follow suit. The native cryptocurrency of Crypto.com (CRO) is not left out in this escapade as it is having a nice ride alongside other tokens from major exchanges.
Resistance became support?Finally CRO broke the resistance line. Will this become the new bottom or is it too soon to say? Anyway with all the marketing, Cronos and exchange opening up in the USA this quarter or the next, cryptodotcom (CDC) is not going away soon. It went very fast with binancecoin, that's why my price target is somewhere at the half of the market cap of binancecoin So something between 1,40 an 2 USD. Good luck fellow crows.
My crypto.com Coin PlanGood morning everyone,
CRO token reached my target for a possible retracement and profit taking. Right now all my CRO tokens are locked for the crypto.com credit card.
My plan for the CRO is to stay in as long as I am in their ecosystem. We are still early adopters, when they reach 50 million users, the inflow in this ecosystem will be insane, and CRO token will do very well.
Now for my plan, right now I would sell 20% if my coins were not locked because I'm expecting a drop to 25-15 cents next year. This is where I will accumulate enough CRO tokens to upgrade my crypto card and then ride till my next target,55 cents.
What do you guys thin about CRO and their ecosystem?
Feel free to like and comment!