CROUSD.P trade ideas
Crypto.com token to breakout wedge soonCRO is now at an ideal retracement level FIB 0.786.
It seems to want to go down a little more to retest 0.412
which coincidentally is the FIB 0.854 level (last chance)
& is also the first breakup candle low last November.
After 0.412 retest, it will then breakout of the descending wedge.
Pls also do own research & comment here your analysis.
CRO Prices are Being Leveled by Whales*I'd like to preface this with the fact that I'm a very junior trader and this is not financial advice*
The price of CRO is being held in the 50-60 US cent range by larger players in the market. The primary indicator I will focus on is the Lux Oscillator Premium. This indicator shows any detected industrial activity (IA) in the vertical orange bars, also known as whale movement.
On December 24th at the first white vertical line be we can see that the price of CRO has been climbing rapidly. Exactly at the first white line a tremendous amount of IA is detected and the price levels out for approximately 3 days.
On December 27th we see the second vertical white line where the price of CRO is falling rapidly. Now the inverse of the previous situation begins to occur. To a lesser degree we see IA begin and then the price levels out again.
Being my first Idea on TradingView I'm very open to any additional insight and constructive criticism.
Kind regards,
HazMatt
CROUSD will fortune favor the braves again? #CRO 1. Target: $ 0.79
2. Target: $ 0.92
3. Target: $ 2.8 lfg! xD
After 1 Month of consolidation, CROUSD confirmed a 12h break out of the downsloping supply line or the downtrend, which it was in for the last 30 days. Now CRO really needs to reclaim the .537$ level and start closing above it again. If it does, skys or btc the limit. bull divs on different timeframes and the other usual stuff. Funny thing is cro pumped so hard that i couldnt find a real low to fib from. however, theres a 50% discount on CROUSD rn! buy 1 get 2! lol :) Very low risk area imo.
BUY BUY BUYThis coin is new
it recently bounced off a new found support
there is bound to be price exploration to the upside
It is currently trading at about $0.65 and it's high was nearly $1.00
Bulls may attempt to retest the $1.00 resistance and take it beyond $1-$3 which would be a gain of at least 200% from current levels
I'm up about 50% from Gitcoin you can look at my other recent recommendations and follow me
I'm trying to follow the flow from coin to coin
CROUSD Crypto.com Coin Reaching a Point of ResistanceCROUSD has made a bullish run in the past few days and is now reaching a point of resistance and perhaps reversing off of it. The resistance line it hit is at the price where the highest volume occurred, at $0.69, as shown by the VPVR (Volume Profile) indicator. If price does reverse off of this resistance, then it forms a right shoulder and I would be looking for further downside or a stronger trend reversal signal.
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