CROUSD trade ideas
CRO Continuation After almost a Month of reaccumulation CRO looking like it wants to continue the uptrend i mentioned in the last post. Once again CRO looking very bullish on the higher time frames, this time not only on the CROUSD Chart but also on CROBTC Chart.
On the 1d Chart CROUSD shows triple hidden bullish divergence on the MACD Histogram and classic hidden bullish divergence on the RSI which would imply that the uptrend will continue. The next real resistance is at 0.253 and right after that the 1.618 fib extension from the 2020 ATH to the Low from January 2021 at 0.28$ which most likely lead to some profit taking and will not be easy to break.
On the 2d CROUSD showing potential hidden bullish divergence on the MACD Histogram and the RSI pivoting of the 60 level which is also bullish and a sign of strength. The bullish engulfing candle that will print in a couple of minutes, could act as the start signal for a new rally to higher prices.
On the 3d CROUSD it could be argued it's also showing hidden bullish divergence on the RSI and gaining on positive Momentum on the MACD Histogram again.
The 2d CROBTC chart is lookin insanely bullish. Today it will close with a massive bullish engulfing candle. In a couple Days we will probably see the 20EMA cross above the 50EMA for the first time since October 2020. On the 1d CRO gonna have a golden cross and all the major moving averages will finally cross above the 200SMA also since the s**tstorm back in October 2020.
I don't even want to start talking about a common FIbonacci Retrace on the CROBTC chart because it would imply a move between 80% for the 0.382 Fib and a 170% move till it would reach the .618 Fib.
Let's see how this plays out :)
Symmetrical TriangleTitle speaks for itself Lol
CRO has a lot of upside with recent partnership with VISA, they have a rewards debit card (multiple options) and their app is pretty solid with trading and earning interest capabilities.
This could go either way but good to keep on your radar.
Still in the bull flagLooks like an inverse H & S forming within bull flag.
A break upward out of resistances would be the height of the bull flag, which makes our target ~0.37. Not financial advice.
CRO ABOUT TO FLYWe had a break out of symmetrical triangle and now we are backtesting the top of trend line. Looking good for a strong bounce here.
CRO Crypto.comDo to overall bullish sentiment in the crypto market and the overall consistent adoption with the crypto.com app.
There is a bullish divergence forming on all time frames not to mention a bullish symmetrical triangle formed.
The market is in a full ape mode.
Lets be modest and say .50c
Goodluck.
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CRO showing an epic cup and handle pattern on a dailyI love the setup here with a cup and handle and golden cross in a very bullish uptrend. Has been consolidating for over a week now and ready for next leg up as long as market structure holds up. Negative momentum dying out with bullish divergence apparent on larger time frames. Let me know if you agree or see something different as I love to hear contrarian views on it.
CRO Projected Next MoveHere I have just projected the previous breakout onto the current pattern. Price has just broken above the channel and may pull back momentarily before the up move is confirmed.
CRO Active scenarios An idea for CRO
Seems it is repeating a move within a steep up channel
If this breaks down we are looking at the nearest support being at the solid black line
I hope the bullish continuation occurs on this daily chart
Is CRO a buy?Hello everybody,
After doing some TA on CRO, I believe we should ultimately reach the 0.3133 mark in the next coming week or two. Following the trend line, CRO should find support at the 0.1901 mark. If that fails, there is a solid foundation at around 0.1580. If the trendline holds at 0.1901, then I believe we should see an uptrend towards the 0.2666 mark. If CRO can manage to create that resistance into support, we should ultimately see CRO reach 0.3133; however, if CRO cannot turn 0.266 into support, we should see a slight downtrend to 0.2371.
Thanks for stopping by. Do your own research! :)
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"It’s official: the Mainnet launch date is set for 25 March 2021.
Following our announcement of the 70 billion CRO burn, we continue to aggressively pursue full decentralization of the network. We believe that the world needs a fully decentralized, open-source, public chain with high speed and low fees." (blog.crypto.com)
CRO crypto long bullishWait for CRO Crypto to pass the yellow line and start buying for long bullish easy money!
You don't want to miss this one outI think enough was said in the title.
We all saw what CRO can do approx. a month ago.
(not trading advice, I'm not your financial advisor, do your own due diligence)
CRO CRO/USD crypto.com Could be Staged for massive Gains! Crypto.com said it would destroy 70 billion of its CRO tokens, in what it describes as the largest token burn in the history of crypto markets.
Now combined with the new flexible staking options on March 19th lots of new people waiting to get into CRO will be able to a flood of new people will start ordering RED, and GREEN Level Cards for sure and other levels too
Next the big one CRO Mainnet Launching on March 25th 2021 as Crypto.org Chain!
blog.crypto.com
These are just a few reasons the user growth is very fast like all very quickly growing companies they are expanding their workforce to accommodate such fast growth! CDC has gone from 5 million to 10 million in a very short period of time user growth at this rate could see a CRO at $1 this year even $2 !
Overall the fundaments all stacked for CRO (CRO/USD) to soar possibly this month and into spring and summer!
Cryptocom to 0.5$So don't forget this is just a forecast and everything can happen with young projects, they are not big in marketcap and strongly drived by the King.
if BTC up they grow soon or later, if BTC down they dip. FA is alsd very important, if the project team management make good announces, project will be good, if they do shits, we rekt with them.
That said, Cryptocom Project started very good, their visa system is nice, after that they made some mistakes like cut rewards and APY by 50%, it caused a big depression, after that they decided to burn 70 Billons CRO, partnered with Aston Martin F1 for promote CDC, so it started to rush again. This project is still very young and time will speak, but like i said many times, don't forget they have CRYPTO.COM domain name, and this is an huge advantage.
Trading parts :
TP1 0.4$
TP2 0.50++$
Be safe and invest wisely.
Happy Tr4Ding !
CRO - Cup and Handle formationPersonally I dont grant a lot of weight to chart patterns on crypto assets, but they are all based on buying and selling patterns so it does still apply. This coin is for the crypto.com exchange, one cool thing they offer is a VISA card to spend crypto. Binance, a larger exchange does as well. Going forward though, they do have a better domain name than everyone else though.
That said, a cup and handle pattern is a solid bullish pattern and I've personally taken up a position on it. We dont see as many swings to the downside on this one so it seems pretty stable and on the rise. I'm looking to hold this longer term than I do most things, I think this is a great entry point to get in. In the next week they have some great things happening too.
