CROUSDT.P trade ideas
Crypto.com (CRO) Symmetrical TriangleBeautiful symmetrical triangle formation on Crypto.com (CRO). I'm loving how this is looking with these kinds of bullish market conditions. I believe if we break out of this formation we will have a run up and re-test of the current all time high of $0.27 cents. If we re-test and break past $0.27 cents we'll be going back into a new price discovery phase. Just my opinion.
When it comes to cryptocurrency adoption Crypto.com (CRO) is definitely at the forefront of integrating cryptocurrency with the retail, travel, and entertainment sectors of our lives. From just holding and staking I recently re-furnished me and my wife's apartment with those e-gift cards. I'm also ruby card holder myself. We're both lovers of Crypto.com.
But there's certainly much more that Crypto.com has to offer, what I mentioned we're just examples of what's in the ecosystem. This is is an awesome project that's in a lane of its own and at one point it was a top 10 cryptocurrency.
Much peace, love, health, and wealth as always.
Crypto.com - Simply Bullish? (Small update v4)Not investment/trading advice.
It was requested I updated my TA. Can't provide a whole lot of information..
but the ride with CRO has been great!
We have seen a great bullish trend, following the blue bull trend line which has proved to be strong.
However it has been broken a few times. Just recently dipping below the bull trend line finding some support above the red zone.
The trend still remains intact at the time of writing. Continuing to put in higher lows from the previous break.
I went ahead and marked the two main dips to show the higher lows being displayed. (yellow)
This does not mean the trend cant break at any time. With stronger volatility being shown as we near closer to mainnet launch.
2 zones were added.
Green target zone
Yellow caution zone.
Red bearish zone extended beneath.
Additionally a ghost line at the highs & ghost circles at the short term lower lows cluster.
I remain bullish long term, however at this point be extremely careful when trading.
If you like my chart, please show some support or leave a thumbs up.
Thanks!
Crypto.com Coin (CRO) - March 25Hello?
Dear traders, nice to meet you.
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We need to see if it can rise along the uptrend line (4).
In particular, we have to see if we can ascend to the 0.2064-0.2180 range.
If it falls from the 0.1909 point, a short Stop Loss is required.
However, you can touch the 0.1714 point and go up, so you need to trade carefully.
If it falls between 0.1248-0.1364, Stop Loss is needed to preserve profit and loss.
The next volatility period is around April 1.
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(CROBTC 1D chart)
We have to see if we can ascend more than 400 Satoshi points.
If it falls, we need to see if it can rise along the uptrend line.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)