CRO An alternate scenarioAn alternate scenario than my head and shoulders pattern in my previous post for this coin
Could get realllllyyy bullish!
Apparent massive wedge formation
CROUSD trade ideas
Hidden Bullish divergence in CROUSD chartA Hidden Bullish divergence in CROUSD chart is appeared. Also the bottom of the channel is touched. I think we will have an ascending wave very often.
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 :(
Going longpersonally invested in this coin so lets see where it takes me in a couple of years from now/ Do your own research. Not a financial advisor
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.
Hidden Divergence on 18hr RSIThe hidden Divergence on the 18hr RSI is showing that if we fail to get above expect a sharp fall down to the .06 levels!! If joining, keep a tight stop loss
11.5 Cents is the top of TriangleCRO has a nice gain on the way.. My first sell is right before the breakout to secure gains at 11 cents
Update on CROA couple of weeks ago, i posted an idea thinking we reached the bottom. Now, i'm not so sure anymore. It looks like CRO is stuck in the red channel. It tried to escape but it made 3 tops. The fat green line was support, but it couldn't hold and became resistance (a little bit soon to say maybe). So there might be a buy opportunity at $0,05. Crypto.com is planning to tie a dollar value to it's debit cards in stead of a steady number of CRO. I think there will be less incentive to hold CRO followed by a lower price.
CRO showing strength.This is starting to look like a Whycof accumulation pattern. I'm going to start a small daily or weekly accumulation
Weekly update - Crypto.comWe've bounced on the 78.6% Fibonacci retracement and should now get back to the highest high in a few weeks.
CRO ready for a breakoutCRO has been in a devastating bear market since September. However, this past month or so has seen signs of a reversal breaking out of its ending diagonal. During the pullback in cryptos, CRO has shown strength and has exceeded resistance, but not yet closed above it. However, it does appear to be doing that very soon. And if it does, lots of runway for the bulls with only serious resistance at 0.155. Good luck all.
CRO/USD - Further gains incoming? or correction? Quick CRO chart-
Break from previous 36 day resistance, now watching to see if it pushes through the next level.
Will be targeting 22% if Bullish entry taken.
Still prefer the lower entry options but the boat may have been missed there.
Patience important as a rejection here may see a 9% dip for a better buy-in price but keep an eye on it. If it moves north it may move fast.
RSI and MACD suggest a correction but the markets aren't exactly following the playbook at the moment.
As always not financial advice, just my thoughts and TA.
Bingaz.
CROUSD, CRO Chain seems like it wants to go long.CRO Chain seems like it wants to go long.
Two points of structure have already been broken and now the retest is in play.
HITBTC:CROUSD
CROUSD 1hr ://scalp algo with small pump from CROScalping ALGO with CRO
_ETH is driving this CRO slight pump with fiat close behind. IF BTC pairs can catch up she could see a 10 to 15%%%% pump. Dont fall for thinking this is a CRO reversal. she is still tryn to find support and flip the resistance ie positive market cap on the daily...
HGM
CRO Chain, Inverse head and shoulders HITBTC:CROUSD
CRO Chain, Inverse head, and shoulders lower levels of support holding, I will start staking at these levels.
