After the amazing rally CRO Consolidation Targeting 38.2% Fibonacci approaching March Trend Line. After falling through the 23.6% Fib. level($0.15188), now acting as resistance, I see the 38.2% as next target $0.1273
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...
Looking at CRO/USD, it appears to have now formed an inverse head and shoulders on the daily chart. This may indicate a rise in value for the Crypto.com token of around 1 cent before long if BTC holds above 8k. That being said, the 4 cent level may yet prove to be strong psychological resistance and if BTC has a pull back we might have another opportunity to pick...
CRO is way overdue for some much needed healthy price consolidation. I don't think it's a coincidence that from a technical POV, CRO is going to run out of space around November, right when:
- CDC haters have all bailed out after the controversial MCO swap
- CRO mainnet is launched
- US elections are happening
Prepare to ride some volatiliy.
Top #10 Marketcap coin that seems overextended even if it see another leg pump to attract more fomo. I would stay away from this coin at all cost until we see any meaningful correction.
Currently above al time high at 0.1605 but above red trend line which used to be major resistance. It can create a new bull trend momentum but ideally, we want it to retrace to $0.04- $0.05 range for accumulating buy zone for staking and other purposes where risk is not overly extended.
I think the chart is pretty self-explanatory here. The 20% staking you get from the Crypto.com's CRO on their exchange tagged with their weekly Syndicates is a money maker.
Don't get married to the dates. I'm not. My general expectation is that we'll see a rise to about 14-16 cents over the next month or two followed by a correction that forms a bull flag before leading into another round of serious gains. Have fun with that.
If you look at the areas circled on the MAC-D, we can see an obvious comparison to the pattern unfolding right now. The red line is about where I put the ceiling on CRO in the short term. That green line is our support, the yellow is our trend's heartline and the blue line is what I gauge to be the overall trajectory of CRO. At a time when other alt coins are...
