CRO
CRO Crypto dot com had an important support bounce confirmation.CRO Crypto dot com has been having really nice pumps since the end of OCT. The most important movement happened to it recently. We started to form a broadening wedge for a few weeks now, we finally had a bull pump breakout push it thru around Nov 21. Then the breakout went up to .98 which is the ATH (besides that crazy 1.2 wick). The great news is the previous resistance we broke from around .656 has now been bounced off of as support. Weill that bounce recently gave us candle confirmation and it should continue bull for now. CRO is something I plan on scalping a lot. I will be watching it closely.
CRO to .34 $CRO just completed a smaller head and shoulders pattern with a nice bounce back shortly after. Bitcoin is on the brink of breaking down further and if it does, this larger HnS could play out violently.
Be careful out there CRO Bag Holders. Rug pull looking likely very soon. At least the marketing is good!
#CRO - If you don't buy here, IDK where will you...CRO did an amazing job during the last month, but as natural it had a beautiful retracement in the last two days. These are the exact opportunities that the patient people get and actually make money. Every indicator says this is the sweet point to long.
CROCro, a cryptocurrency that has recently been in the public eye. It is the 10th largest cryptocurrency by daily volume ($1.8 billion), and CRO is the 13th largest cryptocurrency by market capitalization ($21.3 billion) according to CoinMarketCap. With the currency listing on the coinbase exchange, its price has only been increasing making higher highs. At the moment with these crises happening in the market, she is correcting, intraday 60M the price is in a channel. More in larger teams we see that we have a support line where bulls are dominating, prices will probably stay fluctuating until they reach the support line. bull dominance.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
This downtrend will stay till 60 cents... exactly as predicted!So like I said we got a correction at CRO. I know many of the comments werent positive about my statement, but I wanted to say that im generally bullish on this project which provides a good exchange, but right now it needs a correction. The correction will go to the golden pocket (0.60 dollars) in my opinion. So then you can buy again and you would have avoided a 35% loss!
Hope you learned something about the market, if you have analysis ideas write them down in the comments!
Crypto.com price crashes, falls by more than 18%CRO price crashes by more than 18% on Thursday
The nearest resistance remains unbroken at $0.915
A retracement towards the $0.66 support level was witnessed
CRO price analysis is bearish for today as prices crashed. The Crypto.com Coin went soaring high in the past few weeks, destroying all the resistance levels in front of it. However, the 13th biggest cryptocurrency at the time of writing wasn’t able to retain its bullish dominance today.
Crypto.com’s price turned bullish after the announcement of the Staples Centre deal with AEG that was valued at $700 million. On Wednesday, the cryptocurrency made a new all-time high, rising as high as $0.9698 on some exchanges. However, currently, the coin is down by 20.7% from its all-time high.
Sell your CRO exactly right now!How I told you already at SHIBA before the correction, if we got a parabolic cure we will most probably fall out of it at the sharpest uptrend point. This point is exactly right now at CRO. It needs a correction! Around 60 cents you can buy again (because there is the golden pocket 0.618 fib level), and then we could see 2 or 3 dollars.
Hope you understood the market better, if you have any ideas write them down in the comments!
CRO with great potentialHello.
Below is an analysis of Crypto.com, an exchange that is aggressively marketing and that is snapping up the market.
F undamentalist analysis
Crypto.com has two main products: the centralized exchange and the DeFi wallet.
In the DeFi wallet, it is already possible to interact via the Ethereum network and two own blockchains: "Crypto.org Chain" and "Cronos".
"Crypto.org Chain is a blockchain application built using Cosmos SDK and Tendermint, intended as a backbone for some of the existing and future Crypto.org ecosystem".
It was released about 1 year ago.
"Chronos is the compatible EVM chain running in parallel to the Crypto.org Chain (opens new window). It aims to massively scale the DeFi Chain ecosystem, by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains, with funding from Particle B's $100m EVM fund (opens new window) and access to the 10M+ user base of the Crypto.com ecosystem".
It was released on 8 Nov 2021.
CRO is the native currency of these blockchains to pay gas and make transactions, just as BNB is from the Binance network.
Summary
In my view, Crypto.com has an undervalued market value compared to larger exchanges like Binance.
Also, her marketcap is smaller than worthless projects like DogeCoin and XRP.
So, with the portability coming from the Cronos blockchain to Dapps that already run on the Ethereum network, the trend is to grow even more.
On-Chain Analysis
We consider relevant the Glassnode indicator "Average Value of a Transfer in USD".
Every time we hit a peak (red arrow), we usually hit a top. Except for the green arrow this did not happen.
Therefore, it is recommended to stay alert when this transfer spike reoccurs.
Looking at Fibonaci, the next target I believe is $1.30