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CROUSD trade ideas

CRO probably forming head and shouldersIf you'll notice, CRO's current support and resistance lines put it in a position to form a head and shoulders over the next few days. I'd expect a dump soon with a wick down to the 0.063 cent region. I'm looking forward to getting some 6-7 cent CRO. And no, I'm not holding mine through this slaughter. So what went wrong? CDC had to cancel all of the European MCO cards they'd issued thanks to their card issuer (not CDC) losing over 1.8 billion dollars. Naturally, a lot of people got salty and pulled out the MCO they'd staked and, just for good measure, their CRO. This means smart money pulled out too, leaving nothing but lazy HODLers and people who aren't paying attention. The angle of the last peak matches very well with other sudden collapses in CRO's history. It apparently can't sustain that type of growth in that time scale, and needed a correction. I wasn't too worried at first. Unfortunately, there's an angled support line which the recovery is going to ride that will print the second shoulder in our head and shoulder formation. Then CRO will probably drop because it'll probably ride that support wave with too much enthusiasm. Then the chart takes over and dumps because that's what price action demands. I think the optimistic case here would be a drop to around 9 cents, but that seems too hopeful with the current defi crazy unfolding. I expect a lot of people to pull their money and throw it straight into a different investment that's bleeding less, or that just pumped hard and is about to dump because people love jumping into shark filled oceans to swim after a boat they've missed. Me? I'm parking that money on the sidelines, accepting my lost profits and waiting to buy a ticket on a boat that I haven't missed.
BITTREX:CROUSDShort
by ChronicMasturTrader
5
Lookit CRO go on the daily. How and when will it crash?If you look at the areas circled on the MAC-D, we can see an obvious comparison to the pattern unfolding right now. The red line is about where I put the ceiling on CRO in the short term. That green line is our support, the yellow is our trend's heartline and the blue line is what I gauge to be the overall trajectory of CRO. At a time when other alt coins are getting ready to moon, CRO is leaving the atmosphere. A large part of this is artificial. Crypto dot com's exchange provides discounts on other cryptos to members who stake CRO. If you're curious, my portfolio is currently far more weighted towards CRO than the average portfolio and it'll probably stay that way for a few weeks. The largest externality impacting its price between now and the end of June is a half off sale on BC coming up soon. The original use case on CRO is that if you're on the CDC platforms, you pay for exchange fees with it. The introduction of staking as a use case is an interesting variable. While I do see CRO on a long term rise, I certainly don't see its current trajectory being that rise. No, we want to look to the blue line for that. I suspect that we're nearing the end of CRO's parabolic rise and find ourselves a few weeks from watching it crash below the blue line (probably more than illustrated), dead cat bouncing a few times then prancing off to look for a new pair of single-use moon boots.
BITTREX:CROUSD
by ChronicMasturTrader
6
Is that What You are looking for ? CRO Read description and if You like click hand up . In my chart I draw Bullish flag forming according to pattern which is finally done. This crypto is on my list to recommend . Please read the description about UVU which could interest You as well . BUY : www.hotbit.io CHECK :https://coinpaprika.com/coin/uvu-ccuniverse/ SITE : ccuniverse.org I am suggesting to invest in altcoin like : UVU which is new coin but with great perspective. Why UVU ? Because their unique vision based on crypto atm and recharge stations for electric cars . This european project got first successes behind them like listing on big Hotbit Exchange - You can trade there without K-Y-C so registration is easy and fast - brilliant model for less experienced users. Look into it: www.hotbit.io Moreover the price is still cheap it means BIG space to grow. Team predicted that price for 1 UVU should be a round 0.2 USD in March and now its just 0.0028 USD ! Also the cirrculation supply isnt big so it also work for future profit because many coins could be in Yours hand for less payment . Think serious about investition like this ! Also You will help to grow whole market because their mission to assimilate devices like Crypto Atm to local society . coinpaprika.com Check the chart :
BITTREX:CROUSDLong
by profitable_Meduza