After a very long and agonizing bear market, this coin pair is starting to show early signs of a trend reversal. Price per CRO could be over 1000 satoshi (0.00001000) mid 2021.
Crypto.com has had a rough past couple of months to say the least. A lot of fear uncertainty and doubt has been plaguing this coin since September due to a lot of internal changes and protocols. Despite the capitulation of Crypto.com (CRO) it still remains a top 20 cryptocurrency with a solid 1.4 Billion dollar market cap as of today.
A coin with already a ton...
Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.
one of decentralized exchanger.
if u see the chart, it on the lowest point for support now.
commonly if it break...
We have a cypher pattern now showing on CROBTC for a move back up. Obviously we are still looking bearing overall as previous structure has not been broken but there is definitely room for a move back up to the 38.2 retracement or extended targets of 61.8.
There is structure support at the bas of the bullish cypher so provides further buying pressure once...
Levels. This game has Levels to it.
$CRO looking to carve out a bottom and get back to highs by the end of the year.
We have 2 simple targets, first spend a little time in a channel between 360 - 420
Target 1: 750 by mid December, give CRO a couple of weeks to reaccumulate to break resistance .
Target 2: 1,400 by the end of the year.
Kris, the CEO for...
Having broken free of the effective pullback we are now looking to continue the negative trend towards a bearish move overall. Stop marks may be previous structure looking left, where there may be some buying pressure, and going past that for extended targets really is deep lows.
Bearish FLAG pattern on the 4HR and also BEARISH signals on the daily give reason for entry to target bottom of flag in a bearish move. Looking for entries on the 1hr can be L3C/2618/DT.
Very limited moves on the 4hr charts but minor pullback may be used to see 50% retracement nearly reached. Combined with a Bearish Flag Pattern may give indication of a bearish move down. Staying in the channel lines and possibly moving lower to break structure. Highs now of 0.-434 before the move down.
CRO has a lot of risk. The chart has fallen so far support is no longer clear.
Personally hold CRO though at about 3% portfolio. I think at this point the most effective risk management I see is position sizing. In some ways this has become more about FA then TA. After following them for the last 3 years I am asking myself. After this drop is this project...
Greetings,
The daily schedule of the CRO tool, quite an interesting project, has been developing since 2017. It has its own stock exchange, wallets, and many other interesting projects. 19th place in the CMC. It trades only on the spot, it's a pity because I was waiting for a dump from the August high, and even made an idea about it.
In August, the price formed...
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-...
