Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
0.60 is the turning point to the down side
if #CRO succeeded to close below 0.60 it will lead us eventually to 0.35 then 0.15 levels
and there its is the real opportunity
THIS ONLY IF CRO GOES BELOW 0.60 LEVELS
all based on Gann methods geometrically with some master time theory applications.
The Back Ground and Psychological Level of 0.40$
After making the high of 0.9550, the bulls of CRO gave up; in its deep correction, the first leg down was 33.50%, while in a second attempt, it lost more than this. But When it shed 50% from its all-time high, we see a decent bounce back to 0.48 to 0.68, which is almost a gain of 40 percent from the current price....
- Multi-month downtrend
- Price seems to have bottomed out
- Broke 50EMA (as in late december)
- MACD curling up ( " " " " " " ")
- MACD histogram green (" " " " " " )
Looking for either support found at the 50 EMA or a clean breakout + retest of the 100 EMA (purple)
However, since we're in a clear downtrend for CRO it is also likely that we'll see a rejection...
Crypto.com coin setting up for a breakout on 4hr timeframe if $CRO.X can get above .60 and manage to make that support that to me would be extremely bullish needs to confirm .60 as support wait for confirmation/retests after break out could be a fake out break out
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CRO has formed a triangle and is trading within this area. It looks poised to break out in any direction soon.
Breaks upwards: if it breaks above, the recent high would be a good place to take profit.
Breaks downwards: if it breaks below, the next area of support would be a good place to take profit.
Do wait for a close above/below the pattern for additional...
.42-.58 is building some decent support.
BUT... .42-.30 did not see much action
ie not much support)
AND that.32-.23/24 range is just begging
to see some price action.
(how heavy is the retail CRO HODL-ers ? ie how new to crypto and how much of a spine for volatility does this entry point to crypto CRO.C0M really hold/control this market or what trading blocks r...