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CROUSD trade ideas

CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again? Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning. From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow. Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days. My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
BITTREX:CROUSDLong
by Tachycardia