CROUSD trade ideas
3 Potential Indicators of HUGE Gainz!!1. High Demand Area - Every time price has been in this purple box area it has made BIG to moderate upward moves.
2. The biggest Parabolic upside move for CROUSD was after the bullish engulfing candle as marked. Now we could close today at another bullish engulfing candle again.. which means that we might expect similar up action to follow like last time (to a price of around USD 1.00 or above). I say that because the last time we saw a bullish engulfing candle in this high demand area in this same order - we experienced this massive parabolic up-move on 4 consecutive days - reaching a price level of 96 cents.
3. This play perfectly lines up with the stochastic RSI momentum as demonstrated, if the crossing of the blue line over the red line and then working upwards back into the zone away from "oversold" area and keeps moving up - buyers at current price may see really good profits perhaps a 2x of investment if reaching over a dollar after this potential bull run that I am expecting.
CRO, marketing, debt services and the future. CRO is showing a lot of strength. Continued momentum upward. Short traders are being cut down at almost every timeframe.
In the eyes of the every day consumer,
Crypto.com has formed a strong name for itself through professional marketing and real world application using crypto and debit card service integration. Since adding well known actors as spokesmen and displaying their name on iconic venues, Crypto.com is becoming a very VERY visible currency.
In the eyes of the investor,
CRO is being compared to BNB (the binance exchange coin) based on the creator being an exchange (crypto.com). If traders also begin to draw this comparison than they will see that BNB went from ~20$ to ~400$ over the past couple years and CRO will have a long ride up before it finds resistance.
The chart I've shown here is really just a guess at a bullish scenario. Pointing out a few resistance and support markers along the way.
Trade safely and enjoy the holidays everyone.
price at crossroads, dictated by margin buying/selling pressureCRO price is in an interesting spot. seems to be heavily influenced by leveraged traders, sticking to these levels like glue.
while it appears to be breaking out above the downtrend line, i'm still leaning short here with the confluence of 3x shorts ramping up, 4x longs off the table, and potential resistance retesting the prior bull channel.
a breakout above $0.65 would be tempting to buy.
CRO: The DowntrendAfter a massive rally, CRO has now plummeted 50% from the top in just 9 days. Clearly, we can see that CRO is in a downtrend. The question now is, what happens next?
If CRO keeps making lower lows and lower highs, then the downtrend will continue. In addition, the market is showing extreme fear and volatility.
In the most recent dip, CRO has touched the same local support zone from November 18th. If this zone holds, then we may see more upside movement from here and it would be a good accumulation area.
This is not financial advice. These are just my ideas and opinions.
Reverse Head and Shoulder Move - We finally resume the uptrend Thanks to the massive retest on the 52 cents level that then consinued to form a reverse head and shoulder, lots of technical factors point to us resuming the uptrend from here.
There Also the fact that price has crossed the 60 EMA to the upside and is still at an oversold level on the stochastic are two more confirmations that we will se strong uptrend momentum from here on forward in the next several days or weeks.
CRO Coin Bearish Head & Shoulders PatternFirst time trying out TA on my own so take what I say with a massive heap of salt. Cro seems to be forming a perfect bearish H&S pattern on the 4 hour chart. We've just finished forming the right shoulder and I'm expecting a drop back down to baseline support around .50 cents where the left shoulder started. I also use the reverse MACD to get a feel for bullish/bearish momentum. A green bubble on the reverse MACD along with baby blue candles means the bears are coming out to roost. On the daily chart we closed bearish on the 25th with strengthening signs of 🌈🐻 momentum shown with a resurging baby blue candle on the RMACD along with the 4 hour closing bearish today (27th) as well. I love CRO but it's hard for me to be super bullish right now. Lemme know what you think. If I'm correct my ego will sky rocket and I'll be certain I'm a trading genius 🧠
General CRO movement predictionsNot financial advice, just ideas.
Well established support and resistance zones hold price in consolidation. Bad fud regarding newly unstaking users selling off will fold and price will continue bouncing along support zone. Once wedge closes in, I only see an upwards breakout occurring as price is still in low Fib retracement levels.
CRO Holding Support And Accumulating Nicely - Breakout to $1.20!CRO has been accumulating very strongly and holding on support even as BTC fell yesterday due to Omicron fears. CRO looks like it’s at the bottom and I do not believe we will dip past the next Fibonacci support level of .67. We are primed for a breakout soon and I’m still eyeing a massive move upwards this month!