luyestefan

CRO Gartley

Long
luyestefan Updated   
HITBTC:CROUSD   Cronos (old Crypto.com)
CRO painting a potential bullish Gartley with a backtest of the Spring, together with double bullish div. on RSI and bull div. on MACD Histogramm and Stochastic. This could Signal that the Bottom is in for this massively undervalued Coin. If Elon Musk manages to stop tweeting trash and BTC could stop being a Diva, we could have a very nice reversal painting on CRO. Btw. With the investigation of Binance by the SEC, it creates alot of Arguments for Crypto.com, which almost every week gets a new approval or certificate from Regulators worldwide.
Comment:
CRO potentially back testing the 0.162$ resistance as support again. It would be really nice if CRO can hold this level and finally start the rally back to old levels and hopefully finally make a higher high. what i can say for certain is that it's still at value and reversal areas.

Random toughts: I always get the feeling it's a bargain to buy CRO at these levels. If CRO can't manage to rise to higher prices in the next 2 months than in july last year, after they burned 70 billion (!!!) coins, i probably need to start puttin my money into random Scam Tokens like alot of new crypto users do.
Remember CRO was one of the best performers from Q1-Q2 2020 and only dumped because of the terrible MCO FUD and the reduction of "Earn Rewards", which are still higher than the APR in most trustworthy DeFi Pools.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.