Based on technical factors there is a Buy position in :
📊 CROUSDT
🔵 Buy Now 0.0577
🧯 Stop loss 0.0530
🏹 Target 1 0.0647
🏹 Target 2 0.0770
🏹 Target 3 0.1065
💸RISK : 1%
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🟢 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.
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Crypto.com (CROUSD).
Crypto.com price has been in a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 Fibonacci Retracement area with the Ichimoku Cloud possibly creating resistance. RSI, MACD and...
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
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Everything on the chart.
open pos: market and lower
target: 1 - 1.3 - 1.6
after first target reached move ur stop to breakeven
cancellation of growth, consolidation below 0.5
stop: (depending of ur risk). ALWAYS follow ur RM .
riwk/reward: 1 to 8
risk is justified
Good luck...
