Crypto.com (CRO) Analysis
Crypto.com (CRO) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Crypto.com (CRO) technical analysis:
Trade setup: Trends are mixed. It’s consolidating in a Falling Wedge pattern. We wait for a breakout. (set a price alert).
Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.120, then $0.100. The nearest Resistance Zone is $0.170, then $0.200.
See live Crypto.com (CRO) chart here
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Research and News
LA Lakers’ Home Arena Renamed After Crypto.com in $700M Deal
Crypto.com Plans Global Institutional Expansion With Fireblocks
Find more real-time news here.
What is Crypto.com (CRO)?
Find full description and news on altFINS platform.
What is Crypto.com?
Singapore-based Crypto.com operates a cryptocurrency exchange. According to reports, the business has 4,000 staff members and 50 million consumers as of May 2022. The exchange also issues a cryptocurrency called Cronos.
History of Crypto.com
Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo launched the business in Hong Kong[4] in 2016 under the name “Monaco.” In 2018, the business changed its name to Crypto.com after purchasing a domain from cryptography expert and professor Matt Blaze. The domain was valued by the domain’s sellers at $5 to $10 million USD.
Foris DAX Asia, a subsidiary of Foris DAX MT (Malta) Limited with offices in Singapore, runs Crypto.com.
The corporation boasted more than 50 million active users as of May 2022, up from 10 million users in February 2021.
Written byRichard Fetyko