CROUSDT (Crypto.com Coin) -Coin of the Week
Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized, open-source blockchain created by Crypto.com, a payment, trading, and financial services firm. Crypto.com Chain is one of Crypto.com's solutions aimed at accelerating the worldwide use of cryptocurrencies as a method of enhancing personal control over money, securing user data, and ensuring users' identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.
Technically, CROUSDT made a new all-time high in February at 0,2753 USDT. From February until today this coin is in a correction that started with a sharp wave down, followed by a deep correction to the upside and then another move down. If we look at the 4h timeframe we see that we are in a big consolidation phase that will probably continue to the downside. For a move to the upside to be taken into consideration we have to break the resistance area and stay above it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, CROUSDT made a new all-time high in February at 0,2753 USDT. From February until today this coin is in a correction that started with a sharp wave down, followed by a deep correction to the upside and then another move down. If we look at the 4h timeframe we see that we are in a big consolidation phase that will probably continue to the downside. For a move to the upside to be taken into consideration we have to break the resistance area and stay above it.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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