CRO GartleyCRO painting a potential bullish Gartley with a backtest of the Spring, together with double bullish div. on RSI and bull div. on MACD Histogramm and Stochastic. This could Signal that the Bottom is in for this massively undervalued Coin. If Elon Musk manages to stop tweeting trash and BTC could stop being a Diva, we could have a very nice reversal painting on CRO. Btw. With the investigation of Binance by the SEC, it creates alot of Arguments for Crypto.com, which almost every week gets a new approval or certificate from Regulators worldwide.
CROUSD trade ideas
CROUSDCRO / USD rejected from the Fibonacci 618 level from where I bought and even now it closed above the Fibonacci 0.5 level and now I will look for BUY to the 0.22 area in the next period!
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CRO ready to run with the bullsCRO looks to be in perfect position for the next rally. On the long term view it's already completed waves 1 and a very sharp wave 2. It's broken out to ATH recently and has pulled back with the rest of the market. On the hourly chart it has a textbook Elliott Wave pattern. And since the completed 5 wave pattern did not exceed the ATH, it looks it's just the beginning of a 3rd of a 3rd wave which should power it to new ATH and beyond. I think it's a great entry point right here.
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$CRO #CRO - Crypto.comCrypto.com is a all-in-one cryptocurrency platform for consumers offering services such as exchange, wallet, brokerage, debit cards, borrow/lend, payments, and DeFi. CRO is the exchange token. Currently long, in waiting mode for break up (more likely scenario) if it breaks through resistance (red box) and previous high. Possible targets/near-term resistance overhead of price in blue. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
CRO Continuation After almost a Month of reaccumulation CRO looking like it wants to continue the uptrend i mentioned in the last post. Once again CRO looking very bullish on the higher time frames, this time not only on the CROUSD Chart but also on CROBTC Chart.
On the 1d Chart CROUSD shows triple hidden bullish divergence on the MACD Histogram and classic hidden bullish divergence on the RSI which would imply that the uptrend will continue. The next real resistance is at 0.253 and right after that the 1.618 fib extension from the 2020 ATH to the Low from January 2021 at 0.28$ which most likely lead to some profit taking and will not be easy to break.
On the 2d CROUSD showing potential hidden bullish divergence on the MACD Histogram and the RSI pivoting of the 60 level which is also bullish and a sign of strength. The bullish engulfing candle that will print in a couple of minutes, could act as the start signal for a new rally to higher prices.
On the 3d CROUSD it could be argued it's also showing hidden bullish divergence on the RSI and gaining on positive Momentum on the MACD Histogram again.
The 2d CROBTC chart is lookin insanely bullish. Today it will close with a massive bullish engulfing candle. In a couple Days we will probably see the 20EMA cross above the 50EMA for the first time since October 2020. On the 1d CRO gonna have a golden cross and all the major moving averages will finally cross above the 200SMA also since the s**tstorm back in October 2020.
I don't even want to start talking about a common FIbonacci Retrace on the CROBTC chart because it would imply a move between 80% for the 0.382 Fib and a 170% move till it would reach the .618 Fib.
Let's see how this plays out :)
CRO Crypto.comDo to overall bullish sentiment in the crypto market and the overall consistent adoption with the crypto.com app.
There is a bullish divergence forming on all time frames not to mention a bullish symmetrical triangle formed.
The market is in a full ape mode.
Lets be modest and say .50c
Goodluck.
Referral Code: nce2j25rwu and get $25 free :)
Whistle blowing on Crypto.comFrom an speculative perspective on price, this is a bullish post.
From a speculative perspective on the longevity of Crypto.com as a functioning company, this is hard news.
First off, This post does not go against any community guidelines so please do not remove this post. Everything described is factual.
I shared this information on the Crypto.com subreddit and the post was removed three times before I was permanently banned.
Others then went on to share this information and were also banned.
I have been a long-term customer of Crypto.com and currently hold the Rose Gold visa card.
What's happening?
_____________________________
The primary reason that the MCO token was deprecated was because it was created with a supply that would not support the longevity of cashback and interest earned on cards. This is one of the fundamental reasons that CRO "made sense."
Recently, Crypto.com committed to burning all but 5.9bn CRO to be used for "mainnet block rewards for Chain validators and delegators which helps secure the network."
With growing adoption and ridiculous rewards (compounding rewards for everyone), CRO is being dished out at an incredible rate to users.
Now that Crypto.com have burned all of their reserves to decentralize the currency, there is not a sustainable source to continue these rewards which are the primary function of this service.
I alone am earning 600CRO/ week from earn and around 100CRO/ week in rewards compounding... that's at least 36k CRO a year.
Let's just say for arguments sake that across the board, (remember black card holders as well), the average user earns 15k CRO a year in total rewards.
There are currently 10m users which is a rate of 150bn CRO per year in card and cashback rewards.
If you're really bad at basic maths, I can make it even more clear.
The base of users will definitely earn around 1k CRO a year - that's hardly anything.
We know there are more than 10m users based on figures provided by Crypto.com.
That means 10bn CRO a year are being rewarded in a scenario that we can all agree is an absolute.
We are in a situation where there are only 5.9bn CRO allocated to "mainnet block rewards", so we don't even know that these will be used for cashback and rewards. Apart from that, there will be no more CRO available to provide rewards to cardholders.
What does this mean for Crypto.com?
____________________________________
We have approximately six months until CRO available for rewards are completely depleted in the best-case scenario.
If we use likely estimates, there appears to only be enough supply available to last until the Mainnet launch at the end of this month, so there are some major changes to come for Crypto.com users and investors.
The one thing that makes this system work is the fact that these cards have better rewards than competition.
How can this continue if there are no rewards at all?!
Once supply is gone, Crypto.com is not going to be able to provide rewards to users in the form of CRO.
We can only assume that they have another plan.
What does this mean for CRO Investors?
________________________________________
Supply is running out! Hurrah!
We can only assume that the burn by Crypto.com was their last hurrah to drive up the price and get rid of personal holdings before initiating their next plan...
Or is this their exit strategy?
Regardless, CRO is going to go up in price at an incredible rate until we know what is going to happen at Mainnet.
If anything, this is a race to cash out at the top.
Good luck to all.
Am I crazy???Good afternoon everyone.
I have decided to post this idea for some feed back.
I humbly submit my idea for your viewing pleasure.
Excited to receive all your feed back.
I am thinking third Elliot wave could be powerful enough to hit the 3.6 fib extension level before a pull back.
All indicators appear to be showing some serious strength on the weekly time chart.
definitely possible for another price drop before going up again, as it appears BTC is likely to drop again.
anyways, please let me know what you think.
CROUSD: buy setupCMC #18
" What Is Crypto.com Coin ?
Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO went live in November-December 2018.
Who Are the Founders of Crypto.com Coin?
Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.
Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY.
Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website.
Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.
Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary.
What Makes Crypto.com Coin Unique?
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.
CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain.
Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.
How Many Crypto.com Coin Coins Are There in Circulation?
The total supply of CRO is limited to 100 billion coins, all of which were created when the blockchain went live — making it a non-mineable cryptocurrency. Crypto.com did not rely on pre-sales, public-sales or an initial coin offering (ICO) — instead, the coins will only be distributed via secondary distribution.
The total supply of CRO will be allocated for five different purposes:
30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018;
20% — Capital reserve - frozen until Nov, 7, 2022;
20% — Network Long-Term Incentives - frozen until Nov. 7, 2022;
20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet;
10% — Community development.
How Is the Crypto.com Coin Network Secured?
CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function." source: coinmarketcap
Further demonstrating the power of the CircleLS = Left shoulder
H = Head
RS = Right shoulder
Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify
The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib Circle, it truly is a great tool
Also my experimental idea - Fibonacci waves
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 :(
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.