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CROUSDT Perpetual Contract

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CROUSDT.P trade ideas

Cronos asset is in a bearish stateAfter reaching a low of $0.05, the Cronos price increased by over 150% and reached $0.12. At this level, the CRO price consolidated, dropping to $0.08 before bouncing back and continuing its upward trajectory. A few days later, Cronos reached $0.18, surpassing its previous peak. Following the second upward wave, Cronos marked a new low just below $0.12, which is challenging at the time of this writing. Although the underlying trend remains bullish, Bitcoin's decline has pulled the CRO price down and compromised its support. Breaking the support zone of $0.119 to $0.113 could jeopardize the bullish trend, leading to the dynamic support of the 200-day moving average. Cronos has already pushed its 50-day moving average downward, which acted as a dynamic resistance, casting doubt on continuing the bullish trend, thus contingent on sellers its bearish possibilities for the altcoin could accelerate in the coming sessions. Interest in CRO cryptocurrency is also declining as the momentum of this same trend continues to decrease. Referring to the chart, the technical indicator, MACD, is below the zero line, showing a constant flatline at -0.00280, indicating weak buying and selling pressure in the market as the histogram stays narrow at 0.00026. Likewise, the RSI is at 41.65, and it is taking rejection from the 14-SMA line, which is at 45.19. Since the Cronos asset is in a bearish state and has not yet reached the oversold level of 30 yet, the bearish potential is still intact. Therefore, if the bears overpowered the bulls, the CRO price would fall and test its lower support zone, which lies between $0.119 to $0.113 this month. Conversely, if the market pushes the price above the resistance zone that lies between $0.137 to $0.141, the CRO price will test its upper resistance level of $0.163 in the upcoming weeks.
Short
by Sam_TCR
1
CRO "Signals Green: Buy Now, Thank Me Later!"CRO Coin: Short Fundamentals, Recent News, and Disclaimer Fundamentals: CRO (Crypto.com Coin): The native cryptocurrency of the Crypto.com ecosystem. Launched: March 2019. Market Cap: ~$18.3 billion (as of Feb 23, 2024). Rank: #18 on CoinGecko. Utility: Used for payments and discounts on the Crypto.com exchange and other services. Staked for benefits like increased credit card rewards and exchange fee discounts. Governance rights for the Crypto.com Chain. Recent News: Feb 21, 2024: Crypto.com announces partnership with UFC to become the official fight kit sponsor. Feb 14, 2024: Crypto.com Arena (formerly Staples Center) hosts NBA All-Star Weekend, showcasing the CRO brand. Feb 7, 2024: Crypto.com launches venture capital arm focused on blockchain and Web3 startups. Disclaimer: Crypto.com exchange affiliation: CRO is the native coin of the Crypto.com exchange, so be aware of potential bias in information from that source. Additional Notes: CRO price has grown significantly in recent years, reflecting the popularity of the Crypto.com exchange. The recent news highlights CRO's integration with various industries and its focus on ecosystem development. It's important to consider the risks of cryptocurrency investment before making any decisions.
Long
by MoonTradingForecast
💡Don't miss the great buy opportunity in CROUSD @cryptocomTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.1265). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CROUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.1406 TP2= @ 0.1499 TP3= @ 0.1646 TP4= @ 0.1798 TP5= @ 0.1924 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in CROUSDT @cryptocomTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (0.1550). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CROUSDT is in an uptrend, and the continuation of uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.1800 TP2= @ 0.1990 TP3= @ 0.2160 TP4= @ 0.2500 TP5= @ 0.2700 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2