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xplicit
Jan 18, 2021 8:05 AM

CRO Bullish Setup Long

Cronos / US DollarBittrex

Description

0.08 is a very important resistance for CRO.
Breaking it we might see almost 100% gains up to 0.15.
There is also an ascending triangle forming which is a bullish sign.
We had a false breakout before (8., 9., 10. Jan.), let's see how it plays out now. :)

This is not trading advice, do your own due diligence.

Comment

Well, we still did not break the resistance but the bottom trendline is well-respected, making a higher low, which is a good sign. There is a high probability of a bounce and finally breaking that 0.08-ish barrier.
If we break to the downside, we might revisit the 0.06 area.
Comments
BCBackerBacker
I only have about 10% allocated to CRO but dear God it's the most painful to look at. More so than XRP.
xplicit
@BCBackerBacker, haha, so true :D But I am long term bullish.
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