This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"! I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though. IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve downward), i guess it's a major bearish sign unfortunately!
IMO there's still a lot good things incoming the next few weeks for CRO, namely: Exchange becoming available for USA residents (currently they can only use the Crypto.com App even tho their marketing is the most agressive precisely in the USA) and the LA Arena will only officially be branded by Crypto.com on December 25th. People are speculating the exchange will also be available in the US on Christmas Day along with the arena branding. Also Crypto.com is deffinetly a top 10 coin and it has still never reached the top, which I believe it will soon and that alone will bring even more attention to it.
This correction we saw on the 26th would have been much more gentle if it weren't for all financial markets nosediving with the new covid fears and dragging everything else down. Even if the H&S plays out, I'm looking to get some more CRO as cheap as possible so yes, let it come down please. emember a lot of people who recently bought won't be able to sell for at least 6 months! So lot's of buy pressure, not that much selling pressure. Either way, the future is bright. Seems like a no-brainer. Get more CRO!
This correction we saw on the 26th would have been much more gentle if it weren't for all financial markets nosediving with the new covid fears and dragging everything else down.
Even if the H&S plays out, I'm looking to get some more CRO as cheap as possible so yes, let it come down please. emember a lot of people who recently bought won't be able to sell for at least 6 months! So lot's of buy pressure, not that much selling pressure. Either way, the future is bright. Seems like a no-brainer. Get more CRO!