Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
Today I want talk with you about Crypto.com CRO token, because I also get a lot of messages with asking to make CRO idea.
At first take a look at support zone 0.38-0.42 USD
Also take a look at support line and resistance which compress the price to support zone and also creates something similar to falling wedge pattern.
As you know falling wedge is bullish pattern.?
Im expect that price will decrease to support line and probably make false breakout.
And in the end we will see strong upward movement from support zone.
Target will be current resistance zone 0.64-0.68 USD.
So, I'm waiting for this scenario and probably will buy some tokens on the deep.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
Great analysis. Unfortunately it looks like buying into any crypto right now is basically trying to catch a falling knife. Everytime I chart a pattern it breaks down and continues on the down trend because the overall trend is still going down.
RealBabaYaga
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@bm8ter, Agreed, Good time to buy long term, some coins are at a discounted price. I expect 1 decent pump and then we are dropping into bear market.
Meisamafschar
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Since all cryptocurrencies are somehow dependent on bitcoin, it is expected that this currency cryptocurrency like bitcoin will continue to decline.
kin0
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You need to draw your lines so that they touch the bottom of your candles for more accurate support lines. Good general trend but the accuracy looks a little off
UnknownUnicorn18552923
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@kin0 it’s not really a rule , the most important think is to be able to adapt it with different market conditions. It would be the same if I say that technical analysis is not that accurate on crypto! 😁 still , depends on your view , technical analysis is not a science!