CRO Token Breakout!After Months of steady accumulation around deep value areas Fibonacci wise (between .786 .886), consistent higher lows and hidden Bullish divergence on the 1d, 3d, weekly and classic bullish divergence on the 2d on the MACD and RSI, the Crypto.com Token CRO is finally about to make a massive breakout, which could pump the token to its former ATH and probably even beyond if the macro stays strong.
The composite man seems to have all the tokens he needed and is now ready for take off.
Also fundamentally CRO is a very nice token since most of it gets staked by users of the Crypto.com Credit Card which is a very cool product if combined with the fair lending service that allows users to lend out their crypto in exchange for stablecoins which then can directly be topped up on their Visa Debit Card. For every transaction the user receive % of Cro tokens. If im informed correctly their Blockchain will soon go Public or make a Testrun of some sort.
After all the FUD around the MCO and CRO token Crypto.com seems to have manged all the Issues they had and probably will become very Popular among new Crypto users and also Veterans again.
Should have posted this Chart back in December when i started accumulating CRO, but i couldn't imagine that someone would be interested in my analysis. But i received so much positive feedback for my charts that i will now start to publish my ideas as much as i can. I appologize for the missed opportunity to give yall a good long entry :(
CROUSD trade ideas
Going longpersonally invested in this coin so lets see where it takes me in a couple of years from now/ Do your own research. Not a financial advisor
CRO potential change of trend!On the daily timeframe, we notice that CRO has been in a bearish trend since mid October when the price broke through the 200EMA and kept falling. Now the price is trying to breakout out again but towards the upside. Watch carefully how the candles close at the end of the next few days and expect a rise surge towards 0.12$ if the price succeed in breaking and retesting the 200EMA as a support.
Hidden Divergence on 18hr RSIThe hidden Divergence on the 18hr RSI is showing that if we fail to get above expect a sharp fall down to the .06 levels!! If joining, keep a tight stop loss
11.5 Cents is the top of TriangleCRO has a nice gain on the way.. My first sell is right before the breakout to secure gains at 11 cents
Update on CROA 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 to tie a dollar value to it's debit cards in stead of a steady number of CRO. I think there will be less incentive to hold CRO followed by a lower price.
CRO showing strength.This is starting to look like a Whycof accumulation pattern. I'm going to start a small daily or weekly accumulation
Weekly update - Crypto.comWe've bounced on the 78.6% Fibonacci retracement and should now get back to the highest high in a few weeks.
CRO ready for a breakoutCRO has been in a devastating bear market since September. However, this past month or so has seen signs of a reversal breaking out of its ending diagonal. During the pullback in cryptos, CRO has shown strength and has exceeded resistance, but not yet closed above it. However, it does appear to be doing that very soon. And if it does, lots of runway for the bulls with only serious resistance at 0.155. Good luck all.
CRO/USD - Further gains incoming? or correction? Quick CRO chart-
Break from previous 36 day resistance, now watching to see if it pushes through the next level.
Will be targeting 22% if Bullish entry taken.
Still prefer the lower entry options but the boat may have been missed there.
Patience important as a rejection here may see a 9% dip for a better buy-in price but keep an eye on it. If it moves north it may move fast.
RSI and MACD suggest a correction but the markets aren't exactly following the playbook at the moment.
As always not financial advice, just my thoughts and TA.
Bingaz.
CROUSD, CRO Chain seems like it wants to go long.CRO Chain seems like it wants to go long.
Two points of structure have already been broken and now the retest is in play.
HITBTC:CROUSD
CROUSD 1hr ://scalp algo with small pump from CROScalping ALGO with CRO
_ETH is driving this CRO slight pump with fiat close behind. IF BTC pairs can catch up she could see a 10 to 15%%%% pump. Dont fall for thinking this is a CRO reversal. she is still tryn to find support and flip the resistance ie positive market cap on the daily...
HGM
CRO Chain, Inverse head and shoulders HITBTC:CROUSD
CRO Chain, Inverse head, and shoulders lower levels of support holding, I will start staking at these levels.
CRO (crypto.com) Reset. LONGAfter a fear time, it shows the possible end of the bearish station. In the middle of 2021, I expect the price shows us a new top.
CRO near the bottom?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 card yet, i think now is a OK time to buy a 2.5k or 25k CRO card. Higher than those is always a big risk. I'm a fan of the cards and i use it a couple of times a week. For those who are interested: I have an Icy white.
The reason why the price is pretty low is because of some bad decision from crypto.com(CDC) and they made the community a bit unhappy, i talked about it in my previous post about CRO. Now there are some more restrictions on cashback with the card, that's why it is still going down is my guess.
But not everything is negative, they are a crypto company with 5 million app users (this does not mean that every uses it, they just have an account) and working products: like the cards, exchange, earn, pay, ... So when all this negativity blows over, i think CRO will go back up. Best time to buy is when everybody is panicking. If you are planning to buy some CRO, maybe wait until we closed above the red line (20 day MA).
Also there is only 21.7 billion CRO in circulation, and 78.3 billion in the hands of CDC So the price can easily be manipulated.
let's wait and see!
CRO (crypto.com) probably bottomed downCRO looks like it reached the bottom, RSI (12h) was on the bottom for over a month now, and it's cooking the bullish divergence now
CRO at FIB 0.618 - Bad news or tecnical, what counts ?After a lot of bad news regarding CRO it has reached FIB 0.618 (bottom of golden pocket). Im very curious how this plays out... up or down ?
