🟢 CROUSDT
TF: 4H
Side: Long
SL: $0.107657
Pattern: Bull Flag
TP 1: $0.111851
TP 2: $0.114481
TP 3: $0.116608
CRO going to break out roughly within 24 hours. Enter now and DCA or wait for price to reach red area.
BYBIT:CROUSDT
1H time frame
-
CRO already boke out the downtrend line, there are two candles with long lower shadow, which stand for good supoort for CRO.
Try to long it when retest the upper downtrend line and we can target 0.1212, 0.122, 0.1231
Stop loss if hit 0.11895
$CRO is currently breaking out from the trend resistance line. It has retraced back to the 0.382 Fibonacci Level dropping around 66% since its all-time high. Like most breakout out we could potentially see a move back down to retest the trend resistance. Due to the overwhelming publicity, and sponsorship from large several large companies and corporations, in the...
CROUSD has found a nice double bottom support above 0.786
Previous rejection points at 0.618 and 0.5 indicated by red arrows
In white box's I portray similarities between two points, both resulting in bullish results, from a double bottom scenario
Overall it does look bullish after breaking out of this rising wedge , which is normally considered more of a bearish pattern
As you might have read from the title, the uptrend is clearly visible and it was held beautifully even during the recent selloff.
There is resistance at 0.24 that needs to be broken for further upside and then we have the upper trendline of this uptrend.
If we perhaps break to the downside then we have the following targets: 0.173, 0.165, and 0.15(ish).
We must...
Here I have just projected the previous breakout onto the current pattern. Price has just broken above the channel and may pull back momentarily before the up move is confirmed.
So don't forget this is just a forecast and everything can happen with young projects, they are not big in marketcap and strongly drived by the King.
if BTC up they grow soon or later, if BTC down they dip. FA is alsd very important, if the project team management make good announces, project will be good, if they do shits, we rekt with them.
That said, Cryptocom...
An alternate scenario than my head and shoulders pattern in my previous post for this coin
Could get realllllyyy bullish!
Apparent massive wedge formation
LS = Left shoulder
H = Head
RS = Right shoulder
Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify
The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib...
