CRO Crypto.com: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Crypto.com (CROUSD).
Crypto.com price has been in a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 Fibonacci Retracement area with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CROUSD trade ideas
CRO/USD 12H: Simple Triangle Pattern👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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CRO: a new bank for a new world.Crypto.com is now well known by many in the crypto world and out.
They recently bought the name rights of a famous american stadium, the staple center. The price they paid is ashtonishing: 700$ millions.
They now own the name of this stadium for the next 20 years.
This shows you how is their view of the future, they clearly want to be here.
It's also very good for the folks who want to subscribe to their 12% interest on usdc. To do this you would need to lock 4000 CRO tokens for 6 months (current price 2000$). When a company like that decide to make a 20 year move, it's clear that they are very serious and they know very well what they are doing.
This will just improve their interest rate program and will take gradually add more and more liquidity and TVL with time.
Their program will allow for the first investors to sell (without creating financial disasters) and for new investors to have better buy opportunities.
The trend of CRO is also a very good one, if it holds from this position and continue higher i can see it eventually reach 5$ (maybe even more). It's important to note that CRONOS incentivize holding for long periods of time. So, It becomes more convenient to hold the locked tokens instead of selling them for profit. Your profit will be the interest rate paid weekly and holding the CRO will let you be paid.
TA:
The overall structure looks very good.
The trend reached the top of the channel and it broke it in november 2021. Then it consolidated and re-tested it succesfully (for now).
We can also notice (orange arrow) that everytime we had a double bottom the price always continued higher. WIll it?
The RSI is also screaming oversold and bottom in, notice how everytime the RSI went under 30 a bottom was subsequential.
As now this token look so full of potential. We will see if in the next months btc will be a good boy. If so, prepare because CRO is ready to shoot to the sky and beyond.
CROUSD Looks Bullish CROUSD has found a nice double bottom support above 0.786
Previous rejection points at 0.618 and 0.5 indicated by red arrows
In white box's I portray similarities between two points, both resulting in bullish results, from a double bottom scenario
Overall it does look bullish after breaking out of this rising wedge , which is normally considered more of a bearish pattern
CRYPTO.COM - SEARCHING FOR THE BOTTOM (CRO ANALYSIS)In our previous analysis on CRO, we identified Potential buy areas and DCA zones. However, we've had a hard time having our orders filled.
Not to worry as our trade idea is still on track,
UPDATE:
From the chart above in this current analysis, we can clearly see CRO in a channel up. Notice that after price touched channel resistance the first time out, we took a lengthy retracement back to support, however this was only confirmed after closing below the 360 Daily Moving Average(Blue Line).
We touched resistance for the 2nd time and we can expect our buy orders at the 360 daily MA (in-line with out first horizontal support).
Also notice that after touching the 360 MA, we retraced further down to hit the channel support at least approx. 40% each time.
Should history repeat itself, we can have our bottom below the 360 Daily MA. (I however expect the bottom to be at the W2 support region)
BUY ZONE 1- 360 DAILY MA/1ST HORIZONTAL SUPPORT
BUY ZONE 2- 2ND HORIZONTAL SUPPORT
BUY ZONE 3- W2 HORIZONTAL SUPPORT
BUY ZONE 4- CHANNEL UP SUPPORT REGION.
CRONOS CRO: breakout probability increasing in 70 daysNarrowing channel is continuing.
- Most staked cards during the last FOMO
- 180 days in lock
- CDC cannot lose the customers and their locked CROs
All possible operations are taken in place to support CRO before the 180 days' card lockdown of most users is opening.
No financial advice.
CRO situation with bullish outlook, FOMO during Superbowl?The trend reversal has been waited for a while. The FOMO may be initiated by Superbowl and its marketing.
There are all options for it occur soon.
- Superbowl
- Crypto companies on steriods
- Crypto.com and CRO benefitting from visibility
It is possible that we hit support bands faster than earlier when/if the fomo steps in:
- Binance Forbers Deal
- advertising very aggressive
- new customers raining in
- people want a change
TA
- finally entering the middle zone in support bands
- bearish momentum may be overcome with bullish momentum, currently accumulation in the middle zone
- uncertainty excaggerated by the wideness of the support bands
No financial advice.
Super Bowl LVI crypto commercialsCrypto .com & FTX are crypto brokerages advertising for the Super Bowl LVI. There are an estimated +100 million viewers for the Super Bowl on Sunday. I fully expect CRO/USD and frankly the entire cryptocurrency market as a whole, to be bullish on Sunday. Here's CRO/USD 4hr chart levels:
52 week high = $0.969
52 week low = $0.079
7 day high = $0.541
7 day low = $0.429
SMA233 = $0.447
SMA144 = $0.428
SMA89 = $0.449
SMA55 = $0.465
breakout = $0.577
R3 = $0.561
R2 = $0.546
R1 = $0.530
pivot = $0.515
S1 = $0.499
S2 = $0.484
S3 = $0.469
breakdown = $0.449
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
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Big, organized desk
Reading books, playing chess
Sorted watch-list
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pi RSI - trend momentum
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CRO Breakout becomes more probableThere is a massive chance that Crypto.com CRO is a big benefitter of the final ALTCOIN season.
- Superbowl coming
- masssive advertising
- crypto firms bullish
- new stadium partnerhip
- Apple to add crypto functionality
- Gucci to buy Sandbox land
No financial advice.
Please notice this warning in the Long-term:
#Crypto.com Coin #CRO flipped MA-Ribbon bullish again#Crypto.com Coin #CRO flipped MA-Ribbon bullish again
A good sign is the reconquest of the RSI-support.
And now we have the MA-Ribbon bullish flip as a conformation.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing