Cronos/TetherLong
Crypto.com - Simply Bullish? (Small update v4)
Updated
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!
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!
Note
What a nice PUMP & Dump!Just want to note a few events that happened recently.
The one that all of us may have seen or heard about was Elon Musk announcing:
Tesla is now accepting Bitcoin as payment!
This was huge bullish news for Bitcoin which helped pump all the coins briefly.
I traded the pump which you can see it reached and passed its previous lower high.
However, only shortly after, a quick sell off.
The bull trend has met the end of our blue bull line, and has dropped right over the edge near perfectly.
Almost as if it was planned.
Finally after dipping and testing the redzone once again, it's looking for a potential gains for a recovery.
I speculate once retail investors get the greenlight about discounted price,
they will be throwing more into the BTC market & help out another bullish push.
However this is only speculation.
Finally reaching the day of mainnet, this could prove as additional bullish trends.
I'll be looking for the next trend and keep you guys updated when I can.
Thanks for all the support & thumbs up!
Cheers!
Trade closed: target reached
Bringing this chart to a close.We have successfully "touched" our target zone twice. Both times seeing a pullback as CRO struggles to make a good grasp in the market.
Ultimately still trading sideways, I'm going to keep a watch on this coin as I'm still bullish. I will be posting more of my ideas and charts to my website in the near future. Until then, have a great day & happy hodling! (Not financial advice)
Cheers!
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