In 08 we closed below and broke the 200 sma on a weekly and then retested. From the lows, the retest was 30%.
THIS TIME, % are VERY CLOSE to the exact same. Close enough to watch these levels and look for. a bear trade ;-)
Welcome to this quick MC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members, welcome to our MC/USDT daily update.
As we can see in the above mention chart that MC/USDT was trading inside the triangle pattern and broke the upper trend line and bounced right from the yellow MA.
In the current scenario, MC/USDT...
After making 400% in only one month, you can expect for a pullback on CRO, Cryptocom.
If we extend the Fibonacci retracement level from the last support, we can see that the retracement target for CRO is in the 0.56usd area.
looking forward to read your opinion about it.
I see ACH Alchemy Pay as a rival to CRO Crypto.com Coin, which has a mk cap of $3,7 Billion
Alchemy has only $260 Million. So a difference of 14X
CRO or MCO are not supported or backed by Coinbase, while ACH Alcheme Pay is. Which makes it more legit in my opinion!
If you want to compare it with AMP, which has a market cap of $2,5 Billion, then the potential is...
Above the 200 ma with parabolic sars o. The chart enjoying a macd cross above that signal line - gives us a tried and true setup for a move up to $390
The 8-20 $390 call is priced nicely I only plan on being in this a day or two at most - might even exit first day of the contract if it immediately goes my way
The consolidation period in the KLCI chart may be caused by the recent MCO announced by the government. It may trigger an alarm as the support area has been tested four times. Next is to monitor if the price rejecting or vice versa at the 50 SMA (red) level.
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...
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...
At the moment, there is no liquidity.
Crypto.com have basically forced everyone to sell their MCO as exchanges are participating in the swap. So there is next to nobody who owns MCO that hasn't already sold it. (Except for the top 25 addresses that ofcourse won't budge ;)
This means there is a one-way pressure gradient. The only available MCO are going to come...
💎Technical Analysis Summary💎
-MCO closes the weekly candle below the major support area
-It also created a new All Time Low price
-With the Bearish engulfing candle
-It is a high risk buying this coin without any sign of strength
-The price could go deeper and catching a falling knife is dangerous
-Please don't invest or trade blindly
Why i think CRO wil drop in the short term and in the long therm. Short story, a lot of early investors of MCO are mad and they have lots of CRO that will be unlock within one or 2 weeks and a lot more in 6 months. They feel wronged and don't see any potential in CRO.
LONG STORY: MY 3 year journey with CDC (cryptodotcom)
I first posted my review on the...