Crypto (CRO) Prints Big Volume | 65%+ Next TargetCrypto (CROBTC) printed one of the biggest volume bar since March 2019... This is a very strong signal.
This high volume came in on the 14-Nov. to break above EMA50 and EMA10. Now that CROBTC is trading above these levels, it can easily go higher.
You can find some targets, support levels, and additional information on the chart above.
Feel free to hit LIKE if you want to see more charts.
Namaste.
CRO
MCO - Crypto.com - The New BankBITTREX:MCOUSD is a STRONG BUY
Analysis Method: Fibonacci + Wave w/ dash of Fundamentals...
Monaco is an example of what I call Banking 2.0.
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Features:
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2. Fiat Wallet
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6. Earn - Earn Interest on your Crypto Assets
7. Track - Track Crypto Prices
8. Crypto.com Chain (CRO)
CRO (Crypto.com Chain) Whitepaper: crypto.com
Wave 1: +455%
Wave 3 is beginning now...
Monthly Chart:
Weekly Chart:
Daily Chart:
*Always see related ideas and click the 'play' button to see how price-action follows Fibonacci sequences
Immediate Target: $14
Time-frame: 72 days
See related idea for further analysis.
Will update.
-AB
CROBTC Analysis 08/09/19Crypto.com Chain has seen some resilience, up by 16% while altcoins were suffering from the Bitcoin's alway growing dominance over the cryptosphere.
However, the coin is now facing a downtrend resistance that keeps capping any attempts made by the buyers to prop up the coin.
After two strong rejections over the last 2 months and lower lows, Crypto.com is heading back toward its downtrend for a new test.
Stochastic is showing some bullish tendencies, however as a lagging indicator, we wouldn't read too much into that as we are coming near this short-term resistance.
Regarding the current altcoins' context, the breakout to the upside case is always hard to defend. Volume has been rising slightly but we are far from previous levels that could sustain a processing bullish momentum. We also have to take into consideration the fact that short-term lows at 377 satoshis are also the year lows, we are therefore sitting on the edge of another sell-off.
Therefore, we expect to see sellers stepping up while we get near the coin's downtrend, putting some pressure on prices targeting short-term lows at 377 satoshis and lower.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
