(CRO) Analysis

2 min read May 19, 2024
Richard Fetyko (CRO) Analysis (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. (CRO) technical analysis:

Trade setup: Trends are mixed. It’s consolidating in a Falling Wedge pattern. We wait for a breakout, with upside potential to $0.16 thereafter. (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. Learn to trade chart patterns in Lesson 8.

Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).

Support and Resistance: Nearest Support Zone is $0.120, then $0.100. The nearest Resistance Zone is $0.170, then $0.200.

See live (CRO) chart here

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What is (CRO)?

Find full description and news on altFINS platform.

What is

Singapore-based 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

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 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

The corporation boasted more than 50 million active users as of May 2022, up from 10 million users in February 2021.