Big descending channel on the weekly view over due to the sheer size of BTCs trades etc compared to CRO....HOWEVER!
CRO since March 2021 has been in a 245 day channel (CRO/BTC). I would play the channel and buy at 0.00000278, Sell at 0.00000400. This would give (in perfect world) 44% profits. Estimate wait 20-60 days, the buy back date range is between 26 to 89 days. A stop loss at 0.000002725 (2%) under buy.
For best results I would be watching the 4 hour chart. If CRO is to rally against BTC Sept 2019 to Sept 2020 you'll be looking at 300-315% gains.
For best trade cycles, use of the 4 hour chart is advised.
If crypto trading does not suit life style needs but looking to increase BTC profits, CRO/BTC is a safer option compared to a volatile BTC/USD
CRO-USD weekly alternative to grow fiat.
Always bullish on the weekly. Long term ascending wedge on the USD Pain (channel as the end is tapering)
MACD is 113% away from its ATH. CRO/USD is 13.34% away from ATH (Candle close)Broken the first ATH (Aug 24 2020), entering the MACD top zone. An area of potential resistance, however CRO has tapped the channel line twice. From todays price its 38% away from tagging till the next potential rejection. Don't forget this all depends on other markets such as BTC/USD & NYSE, LSE etc etc.
The above is based on own perceptions of the current CRO/BTC/USD market. Not financial advice.
I am a TA enthusiast.
CRO since March 2021 has been in a 245 day channel (CRO/BTC). I would play the channel and buy at 0.00000278, Sell at 0.00000400. This would give (in perfect world) 44% profits. Estimate wait 20-60 days, the buy back date range is between 26 to 89 days. A stop loss at 0.000002725 (2%) under buy.
For best results I would be watching the 4 hour chart. If CRO is to rally against BTC Sept 2019 to Sept 2020 you'll be looking at 300-315% gains.
For best trade cycles, use of the 4 hour chart is advised.
If crypto trading does not suit life style needs but looking to increase BTC profits, CRO/BTC is a safer option compared to a volatile BTC/USD
CRO-USD weekly alternative to grow fiat.
Always bullish on the weekly. Long term ascending wedge on the USD Pain (channel as the end is tapering)
MACD is 113% away from its ATH. CRO/USD is 13.34% away from ATH (Candle close)Broken the first ATH (Aug 24 2020), entering the MACD top zone. An area of potential resistance, however CRO has tapped the channel line twice. From todays price its 38% away from tagging till the next potential rejection. Don't forget this all depends on other markets such as BTC/USD & NYSE, LSE etc etc.
The above is based on own perceptions of the current CRO/BTC/USD market. Not financial advice.
I am a TA enthusiast.
Updated chart view