CROUSDT.P trade ideas
LOCAL REFUND OF THE PRICE CROHello everyone, let's take a look at the 4H CRO to USDT chart as you can see the price is moving below the local downtrend line.
Let's start with setting targets for the near future that we can take into account:
T1 = $ 0.1081
T2 = $ 0.1109
T3 = $ 0.1140
and
T4 = $ 0.1181
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.1061
SL2 = $ 0.1046
SL3 = $ 0.1031
SL4 = $ 0.1011
and
SL5 = $ 0.0984
Looking at the CHOP indicator, we can see that at the 4H interval, the energy slowly begins to increase, while the MACD indicator indicates a local upward trend.
CRO LongHello Traders, here is the full analysis for CRO , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate long position.
Please note that all the information and publications hera are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. What you will find here, are only views of a Cat passionate about Finance.
CROUSDT CROUSDT seem to complete is bear rally and bulls are in at this time its worth risking as you buy at discount price
CRYPTO.COM +200% Crypto.com an exchange token has been following a specific fractal that has been seen in the 2018-2019 bear market for bitcoin.
This of course is purely speculation and shouldn't be taken seriously until we breakout of the descending channel, I do believe however that we are coming to an end for this years bear market and personally this is when I will be dollar cost averaging into coins that have big upside potential... CRO being one of them
Not financial advice DYOR.
$CROUSD bouncing at the trendlineAfter seeing a capitulation, rarely do we see an immediate reversal back up.
Even if the current trendline sends a strong signal to the bulls, it is unclear if a reversal is imminent or is this just a temporary relief bounce.
We noted that 2 weeks ago there was plenty of air (lack of market participants) in the region of immediate price action and expected a large movement (could have been up or down) but alas it went dipping.
In my other charts, the $BTCUSD charts, we saw $BTC bouncing similarly on its trendline, and then it broke support and went dipping hard.
So could $CRO follow?
For now, it is probably best to err on the side of cautious optimism and allow $CRO to establish a new trading range (TR) first or wait for other confirmations.
CRO daily chart still intact?CRO daily looks as it may of hit the bottom
according to the DeMark 9 Indicator. Outlined
in the green oval was the crash that happened
the last week...CRO appeared it was going to
start an uptrend until then, if CRO can get back
up to $0.20 and hold it, it should make its way
back up and the RSI is way low and oversold and
should only be able to make a move upward.
When i overlaid CRO and BTC together, it became
very evident that they move togther.