morningtomyum

CRO Consolidation Way Overdue

Short
morningtomyum Updated   
HITBTC:CROUSD   Cronos (old Crypto.com)
CRO is way overdue for some much needed healthy price consolidation. I don't think it's a coincidence that from a technical POV, CRO is going to run out of space around November, right when:
- CDC haters have all bailed out after the controversial MCO swap
- CRO mainnet is launched
- US elections are happening
Prepare to ride some volatiliy.

Comment:
CRO took a dump to the downside today. In the unlikely event that it continues breaks below the support trendline, the next support major would be in the 0.14 region, and I would expect more CDC haters to surface...
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.