CROUSD trade ideas
CRO Analysis DATE/TIME:
1/4/2022 5:00 PM EST
ANALYSIS:
It could go either way at this point, it really depends on if BTC doesn't break on the 42k support, if it even gets that low. I believe CRO going to be in the lower to mid .60s by the end of January based on Analsys from a higher timeline.
UPDATE BY:
I will provide an update by, 1/11/2022
CROUSD - Two possible scenariosWe could visit $0.35 again, or it's possible to go sideways for a while before revisiting the all-time-high.
Either way, I'm bullish on CRO. Let me know if you agree or disagree.
These are just my thoughts.. I know very little about technical analysis, but trying some things out while I'm learning! Don't buy or sell based on this information; this is not financial advice.
Hit SupportI've been waiting on this one for a while now. We have came down and tested support at $0.33 and bounced right off. The RSI had just bottomed out and it looks like we could see a potential hold in this area. I am still not ruling out a full retrace down to the $0.20 range. Although, We really need to wait for more data at this point. Here I'm just planning to DCA and wait for a better setup.
CRO on my radarI've been using Crypto.com to dip my toes into the lovely crypto pool that's been filling up nicely this past year. As a platform, it's rock solid in my opinion. They started out using ERC-20 coins on the Ethereum network and eventually switched to their own native blockchain. Since then, I have experienced lightning fast transactions with minimal fees, much like Solana.
Crypto.com is different though; it serves as an exchange and strives to be the standard for consumers to pay with crypto, and for businesses to accept crypto as payment.
Despite recent hacks, they are still one of the most popular and secure exchanges. They have a growing user base and have the insurance to take care of any funds that might get scooped up by mean, nasty, terrible hackers.
The exchange has a native token, CRO, and it looks like a solid long term investment in my opinion. As stated before, transactions are fast and cheap. Those are two things I always look for in cryptocurrency. Ethereum is OG, but we all know until it switches to staking it will continue to have high fees and low throughput.
dApps a plenty with the Crypto.com De-fi wallet (and more on the way). You can connect this to the Crypto.com app and moving your crypto to the wallet from the app is easy-peasy. Doing this also makes your shiny coins 100% yours. You get those lovely private keys we all know and love. Full transparency: I currently have some locked up earning interest by staking, helping to secure the network and make it run buttery smooth like my morning toast with apple jelly.
Do what you think is best, I do not advise anybody in the financial world of moneez. These are just my opinions and they might be st00pid so don't take my word for it. Do your research and throw your hard earned paper money at whatever you see fit. It might not even be cryptocurrency, could be Mickey D's or Starbucks. IDK.
LOOKING FOR ENTRYCurrently looking for a good entry on CRO for a long term hold. I think this project has very strong fundamentals.
-We all saw how Binance coin has preformed over the past couple years.
-CRO has an awesome URL of crypto.com.
-A utility token with many use cases.
-Strong incentives to stake the coin and incentives to spend, and receive cash back.
-They provide an easy way to transact with their visa card.
-Nice website with plenty of products to offer.
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 !