Crypto.com Chain (Bittrex: CROBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CRO began a wave one advance on March 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 15, and the red wave two (blue sub-waves a-b-c) correction could have ended today. If this wave count is correct, CRO should be heading next towards the March 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Crypto.com Chain is a native blockchain solution, which makes the transaction flows between crypto users and merchants accepting crypto seamless, cost-efficient and secure. You can check their updated roadmap below.
(Sources: Crypto.com Chain and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “CRO will takeout the March 15 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “CRO will drop below the March 7 low”.
If you think CRO is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “CRO will stay in a trading range between the March 7 low and the March 15 peak until May 6”.
(Chart courtesy of Tradingview.com (log scale))
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