I'm thinking we get a trend continuation here on $CRO, after that big rally a few days ago price has pulled back and bounced from the break out level
There was a breakdown and retest of the 20 period H4 simple moving average and is still currently below that level, so we may see another move down before up, however i think up is more likely due to the hidden...
A couple of weeks ago, i posted an idea thinking we reached the bottom. Now, i'm not so sure anymore. It looks like CRO is stuck in the red channel. It tried to escape but it made 3 tops. The fat green line was support, but it couldn't hold and became resistance (a little bit soon to say maybe). So there might be a buy opportunity at $0,05. Crypto.com is planning...
CDC has this policy where they release incredibly bearish news, lol at the CRO sell-off then they "listen to their customers" and toss a few peanuts out for the circus animals. My assumption is that this most recent rise will compel a few lingering bitter customers to sell off, then we'll see a double bottom, and then maybe CRO will consolidate. Maybe.
In the past we had some bearish divergence, and a drop followed. Now we have some bullish divergence and a cross on the MACD. So i'm starting to think that we (almost?) reached the bottom. If not, 2.5 cents is the next bottem, and that's the only place where i would buy more but i don't think we will go there (cards would be very cheap then).
If you don't have a...
CRO has been dropping fast following a lot of community drama over changing interest rates for CRO staking. CRO may have a small short term bounce as speculators buy the dip, but the overall trend is likely to be downward int he medium term. CRO's actual utility is limited, and it's entire value at present is essentially tied to interest rates (which were dropped...
Lets keep it simple.
We have 3 clear Target Zones.
Target 1 - 650
Target 2 - 593
Target 3 - 362
Then the last line of defence (which noone wants to see get broken)
As a trader you would want to see the following.
1- Price reaches 650 region (give or take a few sats) and becomes new floor. Price above would need to break previous resistance at 800.
2-...
Despite lowered Earn interest rates, Crypto.com still has a robust suite of industry-leading products in the cryptocurrency space.
ie. soft-staking, fixed interest rates, multi-currency stablecoin support, credit card rewards, etc.
The price has been dipping a bit, but it looks like it'll soon hit the medium term trendline and wedge up.
