CRO/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this CRO/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Cronos (CRO) continued to move away from a recent three-month low on Friday, after rising for a second straight session.
After trading at a bottom of 0.05072 on Thursday, CRO/USD surged to a peak of 0.05291 earlier in the day.
This move comes as Cronos bulls managed to avoid a full breakout below a support point at 0.0495.
One reason for this was the stability of the support point of 34.00 on the relative strength index (RSI).
the index is now tracking at 49.60, with the next point of resistance around 52.00.
In the event that price strength climbs beyond this point, CRO will most likely be trading around 0.05500.
I have tried to bring the best possible outcome to this chart.
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Thank you
CROUSD trade ideas
✴️ Cronos Likely To Start Growing Soon (Buy & Hold Strategy)What we have here on the Cronos chart is a big picture.
This big picture gives a clear perspective of what is coming later down the road.
While zooming in can produce doubt, down or up, zooming out reveals everything...
This is a very strong bullish divergence; CROUSD vs MACD
And then we have this November 2022 low/support.
I don't know what will happen within 3 days but within 10 we get growth.
That's why I sum up my entire strategy into an easy "buy and hold".
Namaste.
✴️ Cronos Hits A New All-Time Low (20X Possible?)Cronos is trading near All-Time Lows and we have a mixture of signals.
Currently prices trade above EMA10 and EMA21, which opens the door for short-term bullish potential.
We also have the cup pattern which is a bottom formation. This too points at a reversal.
✔️ If prices stay above the 10-June low, the bullish potential is really strong.
✔️ If this level fails watch-out, as Cronos can fish for a new low but this is less likely at this point.
Looking at the bigger picture, when we hit bottom it is wise to think long-term... Consider the main chart above.
Can Cronos grow by 20X on the next bull-market?
Namaste.
CROUSD breaking out right - very bullishCROUSD is breaking out as we're creating this publication.
The key resistance of the downtrend has been broken and now the price can pump higher.
MACD looks good. We can observe increasing bullish momentum.
160 % upside potential
Take profit levels are shown on the chart
Good luck!
Cronos: Getting Up with The Chickens…? 🐔⏰Getting up with the chickens obviously isn’t really Cronos’s scene. The altcoin is lolling on top of its magenta-colored bed and seems to find it hard to rise and shine. However, we expect our crypto-friend to do exactly this! Cronos should get up from the magenta-colored zone and climb above the resistance at $0.0887, pushing itself upwards from there to finish wave 3 in green. After the moderate counter movement of wave 4 in green, which should also remain above $0.0887, the altcoin should clamber higher still. There is a 33% chance, though, that Cronos could topple off its magenta-colored bed and slip below the support at $0.0542 to develop a new low in the form of wave alt.2 in turquoise.
CROUSD - Oversold - Small PumpOn the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold.
The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition.
The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase.
All further details are shown on the chart.
Goodluck!
Cronos Trying to find its bottomThe CRO boys couldn't find a sporting event they didn't want to sponsor during 2021, but the main news that moved the needle was the Stables Center name change that saw CRO get the green light for launch from the moonboys. Since then all markets have really struggled during early 2022 and CRO has slowly come back down to earth. The gentle landing indicates to me that CRO has enough dip buyers who believe in the Cronos long term, buying up some disgarded CRO left behind from the leveraged button clickers, which may suggest that CRO is currently a buy at these prices. However with BTC not doing so well maybe it would be best to leave any dry powder on the side until BTC recovers. As always, this is not financial advice, so its not.
No forcast Moved 700k to binance and 350k to kucoin. Crypto.com is showing some bad business decisions for me.
I have been diverse with over 20 exchanges and trading platforms.
Stopped trading on FTX in 2021 exactly 1 year before the collapse.
Closed my coinbase account recently over security of my trades
and there listing of experimental tokens is out of control.
Now i am closing my crypto.com account where i have
been staking for max rewards in stablecoins for a long time.
Losing confidence in crypto.com after CRO started crashing even
more with there rewards update. Crypto.com also announced that
20% of there reserves was in shiba inu.
LMAO.....
Bad decisions creates chaos and serious lack of confidence
in there trading platform.
CROUSD My mult timeframe weis wave fingerprinting strategy detected a strong down pattern. The pattern has an average move of -4% based on past occurrences. I was able to enter a short right before the break down. We will see if this pattern will follow through in line with the average.
COINBASE:CROUSD