CROUSDT.3S trade ideas
Lookin for my entry for a VERY long positionLooking for a good entry on CRO. Made the mistake of overlooking this one EVEN after hearing about the Staples Center being bought by Crypto.com. I see LOTS of potential for this project and token and am trying to find my best entry point. RSI is above 70 and MACD looks like it needs a cool down as well, hopefully a retest of the .382 at about .6 can happen and any lower than that is just more buying opportunity. Remember to DCA (Dollar Cost Average) if this is a project you believe in after doing research, best of luck to all!
Is this the end of the parabolic move on CROUSDT?Crypto.com coin strikes again. It has now become the 13th-largest cryptocurrency, according to Coingeko. In 2018, CRO was launched as the product of the Crypto.com company. Just like Binance coin (BNB), Crypto.com customers can use CRO to get discounted trading prices and qualify for better rewards. Crypto.com chain is also supposed to offer fast payment processing, to make it easier on the customers who pay with cryptocurrency and easier on the merchants who gets paid for their services using cryptocurrency. Also Crypto.com chain will support the expansion of the Crypto.com's line of MCO visa payment cards. With all these services and goals that Crypto.com is trying to achieve, I believe that everyone should keep an eye on their products. Recently, the cryptocurrency trading platform announced that it had paid $700 million to the Anschutz Entertainment Group to rename Staples center to Crypto.com for the next 20 years. This news has triggered a majestic parabolic move. Parabolic movements are usually caused by F.O.M.O, which is why when the selling pressure begins to happen, the dominos effect takes place, which results in a strong downward movement. For now I have decided to stay away from the coin and wait for more price action to develop. Although we are approaching a strong resistance, se we might see a downward movement very soon.
I Had Anticipated CRO today's pumpUsing an elliot impulsion wave, a corridor, multiple timestamps, RSI, MACD and Ichimoku Cloud by @syrextrading I was able to see that the CRO would hit at least 0.75$ when it was at 0.67$, which made me a good profit of 11,94% in a few minutes.
Follow me, I'm trading cryptocurrencies since 2014 and I'll start publishing my analysis (before result) from tomorrow so I'd be happy to help you make a few coins :)
CRO 2021 OUTLOOKThe chart is a description in itself...
I am bullish provided we do not break down from the accumulation zone.
STOP if under $0.05
Upper BUY ZONE is only valid on a break and a retest of the 50D EMA, CRO should bounce and continue in an uptrend thereafter. If it breaks down and there are strong sell signs then sell.
That is all for now.
$CRO (Crypto.com) Token Signal$CRO (crypto.com token) is up more than 40% since my signal 4 days ago! Congrats to those who went in with me. My goal is to be transparent in my trades and provide insights on what i invest in for my own personal portfolio. Meanwhile, i also have been earning 0.5% yields daily by staking $CRO and $USDT on app.cronaswap.org by providing liquidity (LP)
However, CronaSwap is a very new exchange on Cronos Chain and thats why they are offering high yields. Invest in your own risk and always DYOR!
$cro momentum continuesCryptocom just bought naming rights to the staples center. This gives further credibility to an already strong name in the crypto world.
www.cnbc.com
The overall market is seeing a small correction so we may see the price trading between supports for some time before another leg up. I will be buying more if we dip but I don't see $cro falling below $.40
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