All set to hit .175?Its oversold and like to come back to test .17 previous high. Good swing trading setup at this point for a quick 5 points.
CROUSD trade ideas
CRO Long TermBuy Everything Below 0.1$
First Target - 0.575$ - 0.655$
Second Target - 2$ - 2.5$
Third Target - 5.5$ - 6.5$
CRO - Gaussian Upper BandCROUSD chart on left, CROBTC chart on right
The USD pair can be seen to be touching the top of the channel, this provides a possible bounce and recovery point
While the BTC pair has poised itself right in the middle of a seemingly triangle structure, which has some fair supports (shown in the green box and along the white line)
Cronos longCronos broke trough the resistance level. Asset broke trough the descending trendline. Bullish movement to resistance level at 0.203 is possible.
Cronos BullishLet's see if crofam can brake 0'20 resistance! If Bitcoin stay calm Cronos could see a 10-15% increase!
short CRO$CRO is bouncing off the Fibonacci 0.5 retracement zone which is also in line with the resistance level. Bearish movement is expected to continue and reach the support level at 0,175$
Cronos longCronos broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.236 is expected to happen.
short CRO$CRO broke through the ascending trendline. Bearish trend is expected to continue and reach the support level at 0,1913$
CRO the beginning of the end.CRO as many other PoS cryptos are now finding out; has a bear market burning rate issue. PoS is a return to the old central bank dilemma. You hold for more tokens/currency you burn for the advantages it provides. Without scarcity in times of Stag-Flation these tokens are best positioned to make ATL's. The problem with them from here is that banks are still getting money from the Central Banks and insurance protections. Crypto PoW used to be the biggest threat to banking due to scarcity but PoS now poses a threat that can be countered. I expect 98% of PoS tokens to face legal issues come 2023 due to the Infrastructure bill provisions which protect PoW (No Ethereum is not going PoS untill legal gets cleared. Anyone selling you its a update need is lying. Refer to the infrastructure bill to understand. Vitalik is smart, going PoS before the bill changes would be death.) and make it very easy for prosecurtors to go after PoS for a multitude of compliance challenges that border on the un-feasible.
CROUSD Is it replicating Bitcoin's 2018 Cycle?Cronos (CROUSD) has fallen more than -68% since its March 28 High and is currently consolidating after a rebound on oversold 1D RSI. Being in a Bear Cycle since the November 23 2021 High, this pattern resembles Bitcoin's 2018 Bear Cycle. Notice the similarities.
Following their blow-off tops and the initial drop that followed, both have consolidated within a Descending Triangle of Lower Highs and when the Support broke, they went into 1D RSI oversold (below 30.00) area. Bitcoin bottomed higher on a -63% drop, marginally breaking the 1.5 Fibonacci extension. Cronos has so far marginally broken the 1.618 Fib ext on its recent low.
Is it repeating Bitcoin's 2018 Bear Cycle and if so can this be the bottom?
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CRO/USD Channel & Bounce If Crypto.com don't create any more mishap news, we might possibly see this fractal come to fruition for CRO price in the next coming weeks. Green Dot in the early phases of forming(historically great on the weekly), the VWAP beginning to 180 and also CRO performed well during last years BEAR market activity. I've begun D.C.A buys for long term holds in anticipation of a fakeout below the channel due to BTC or ETH volatility. I'm sure heaps of people are watching this channel too.
Typical pattern Looking for longs but waiting on further lows.
Typical pattern happening here. if we don't get a break we wait.
If it breaks wait for a stop hunt high. I don't see this happing but we will watch.
Also major potential for longer term consolidation from here.
IT ONLY TOOK 5 MONTHS TO GET HERE - CRYPTO.COM ANALYSISNext up on the list of coins to swoop is CRO/USDT
In our previous analysis we predicted the drop down from just under a dollar and identified our current level as a possible bottom for CRO as shown below;
Only took us 5 months but we got here lol.
Following a zig-zag correction currently, in theory, wave C of this pattern should be 61.8%, 100%, or 123.6% of wave A. If it extends to 161.8% then we can expect Wave C to be a wave 3 of a 5-way impulse move (this is why we should apply proper risk management).
Price has currently retraced 100% of Wave A and we'll be hoping it doesn't go beyond our possibble bottom zone aligned with the 123.6 fib support level.
Our targets provided we don't drop to the 161.8% fib support will range from $1.85-$3.6 dollars before a top is in.
Past analysis linked below.
If you agree, pls leave a like, share and comment your thoughts below.
As always, feedback is appreciated!
CRONot Financial advice.
could see a potential retrace on cro here - then long as price action looks stron, the next upside targets are shown.
CRYPTO.COM A POTENTIAL GAME CHANGER!Festive Greetings to all.
Today we consider the trading pair CRO/USD
To start off, we will first look at the fundamental side of things.
FUNDAMENTAL ANALYSIS,
Crypto.com(CRO) is the next generation decentralized mobile payment protocol, the most efficient and secure way to pay and be paid in crypto, anywhere, any crypto, without fees.
Crypto.com Chain will deliver on its vision by developing innovative technology components and processes (inc. scalable encryption algorithm to protect users’ privacy, utilizing trusted execution environments, sustainable price stability mechanisms, user protection via PoGSD) catered specifically to cryptocurrency payment, while leveraging proven blockchain technology structural design elements.
Use cases included, but not limited to;
Offer some bank-like services - e.g., their Fiat wallet, CeFi/DeFi earn products and their unique Supercharger.
Allow you to send payments between CDC Visa card holders.
Have special cashback offers if you send crypto to other CDC users or buy their in-app gift cards.
Let you top up your phone with crypto.
And of course, promote mass crypto adoption with their smart initiatives.
In addition, CRO has a chain(CRONOS tho intertwined with the COSMOS chain) that has launched already and CRO is used to pay the gas fees (just like ether is used to pay gas fees on it's blockchain).
Whilst the protocol launched it's testnet in July earlier this year, facilitating more than 1.5million transactions already as at early november, CRONOS has announced the launch of it's mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.
The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed due to its Inter-Blockchain Communications (IBC) protocol integration. This will offer accessibility to Crypto.com’s 10-million-strong customer base.
Since its launch, the Cronos ecosystem has attracted over 20 validators, including Bison Trails, a number of prominent decentralized oracles, including Chainlink and Band Protocol, wallets MetaMask and Crypto.com, as well as partnerships with decentralized finance, nonfungible token and gaming platforms and projects.
Whilst having such solid fundamentals, It is still yet to be listed on the biggest exchange by volume which is BINANCE, along with other giants like KRAKEN, BITSTAMP, & BYBIT as well.
TECHNICAL ANALYSIS;
Respecting the Ascending Trendline still, a 5-way impulse move(GREEN)->(it seems) started late 2019 is currently in it's 4th (correction) wave. RSI also far from it's ascending trendline, a return to it's trendline along with Price action doing like wise will be great confirmation.
QQE indicator suggests the first scenario will play out, signalling a short position. (Great indicator btw by @lmatl, his scripts have helped me a lot)
Red(0.79) is for stop loss
Blue(0.41) is the 1st target
Green(0.22) is the 2nd target.
Best area to open a long is at the trendline.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
Feedback is appreciated as always.
Cronos From Crypto.com Can Be Finishing A Corrective DeclineHello Crypto traders, today we will talk about Cronos coin from Crypto.com in which we see deeper and bigger (A)-(B)-(C) correction from the highs that can be approaching the end soon.
The main reason why Cronos looks corrective is an Elliott wave running triangle formation in wave (B) in the middle. In Elliott wave theory , we know that triangles cannot occur in wave (2) as part of a five-wave impulse, so it must be wave (B) which indicates for an A-B-C corrective movement. Triangles consist of five waves A-B-C-D-E. Triangles also suggest that the final leg is coming before a reversal, so in our case wave (C) before it finds the bottom.
As you can see, CROUSD chart is already breaking out of wave (B) running triangle pattern and wave (C) can be already in progress. Ideal support we see at the starting point of mania cycle back in October 2021. If we also consider equality measurement of waves (A)=(C), then ideal support zone comes around 0.20 – 0.15 levels and from where we will expect a bullish reversal.
Happy trading!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CROUSD ❕ price at the liquidity zoneAfter falling out of the downtrend channel to the zone, the price collected liquidity and exited the liquidity zone on increased trading volumes.
The 50MA crossed upward of the 100MA on the 30m Timeframe.
I expect the retest and fixation above the liquidity zone before the further growth.
Sub .20 cent CRO Month of May will slaughter many cryptos :( Bad times ahead. Don't buy crypto, buy food, ammo and water.
CronosThe capitalization of Cronos tends to zero.
Cronos remains under pressure as part of a semi-annual downtrend, and the prospects for recovery are fading every day. As long as the coin remains below the key level of 0.5000, Cronos remains in the red color of the quotes. The current support level of 0.3000 gives hope for a short-term recovery, followed by a test and a breakdown of the trend line of the semi-annual downward channel. In the event of a breakdown of the trend line, the target of 0.5000 opens, in this case, Cronos has every chance to update the price maximum.
Play That Crypto.com Coin / Cronos ($CRO-USD) Bounce! 💯What Is Cronos ?
Cronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Cronos Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO went live in November-December 2018.
Who Are the Founders of Cronos?
Cronos was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.
Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY.
Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website.
Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.
Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary.
What Makes Cronos Unique?
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.
CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Cronos Chain.
Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.
Crypto.com ($CRO) DTF New FIB$CRO DTF in an attempt for sustainability as sealed their bid in reducing their Visa rewards rate. I was on board for all the reductions accept this one. Why would I give them $400k USD for an Obsidian Visa if they aren't going to give me any staking rewards? Huge oversight
Crypto.com Coin (CRO) Price Potential The total supply of CRO is around 30 Billion. The top 10 crypto with the closest supply would be ADA, with 45 Billion coins. Since BNB has already achieved the #3 slot, we can sort of get an idea of the price potential for an exchange token like CRO before it truly "takes off." At the moment, it seems to be beginning to take off. Structurally, it's breaking out of a long term uptrend channel/wedge (light blue). As long as it doesn't get back inside the structure, it can continue to shoot up. A bearish sign would be a rejection to close back below the long term uptrend. if the crypto market continues to correct, support exists at the broken wedge structure resistance, currently near $0.34.
With Matt Damon as a mascot, and with and the sports stadium news....this can be enough for it to really gain some traction. I considered purchasing some yesterday around $0.44 after the stadium news dropped, but I'm really not one to chase gains in the middle of a cycle. Sticking to my plan. As soon as I open that door, I'm right back to where I was at the end of 2017 - chasing pumps and losing sleep.
Instead, I'm just laying out some potential targets for this coin, based on tokens with similar supply but higher market cap. Pretty simple! Of course, it would probably be necessary for the bull market to continue a little while longer for those upper targets to be reached.
$3 puts it near ADA's current market cap.
$5+ puts it closer to BNB's current market cap.
Value is somewhat arbitrary in this space. It doesn't take too long to realize this.
This is meant for speculation and entertainment only.
-Victor Cobra
