Crypto.com | Cronos Bottomed Out? CRO Price Prediction

Hey guys what’s up it’s frank here from Alt quinn buzz so today we are looking At chronos Cro the Crypto.com exchange currently in 19th Place it’s only lost 3.3 over the past Week significantly less than a lot of The top altcoins like avalanche polkadot Dogecoin solana and cardano for example So why is it that kronos has only lost 3.3 percent in the last week but more Importantly what can we say about the History of cro usd and how history might Be repeating itself if you stick around Until the end of the video i will show You this incredibly interesting Statistic that shows that what is Happening right now has happened four Times in the past and i’m going to tell You exactly what happened this is of Course a technical analysis of cro and For that reason we’re also going to be Looking at cro btc cro eth just to give You an analysis an idea of how Cro compares to the top altcoins and of Course we’re also going to look at the Four hour time frame To see if cro could potentially break Out of this asymmetrical triangle which It is currently in Now for those of you who don’t know Altquin buzz is first and foremost a Crypto investment research company and We have been providing you numerous 100

X returns since 2017. so if you want to get in on that Action join our al quinn buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies so click the link Up above to take part in the action or Down in the pin comment section down Below also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any future Updates and finally please note that None of this is financial advice [Music] Okay so kronos i remember it as Crypto.com i imagine a lot of you do too If you’ve been here for more than about A year it was in the top 10 for a long Time it has slipped down now to 19th Place but let’s take a brief trip down Memory lane cro btc has been trading on Bittrex since december 2018 and Interestingly we are more or less where We started we are currently at a value Of 646 sats and that’s more or less where We started just over three years ago now This doesn’t look great in the sense That we’re not beating bitcoin but put This into perspective the overwhelming Majority of altcoins do not outperform Bitcoin and therefore cro is still an Altcoin to contend with

Very few altcoins have made it Over three years in this space still Holding par with bitcoin and of course Cro has seen a hell of a lot of Volatility as you can see from these Massive spikes over here three times we Had these major major runs up so now the Question is are we potentially at a Bottom here are we now going to see cro Outperform bitcoin over the coming weeks And months this is what we’re going to Find out in this video now when it comes To cro eth there isn’t that much data It’s only just under two years of data And it actually has been severely Underperforming eth so just something to Note if you are investing in ether or if You are trying to value your investments Based on how they compare to bitcoin or Ethereum which is a very smart thing to Do by the way Okay so now finally we come to cro usd This is the monthly chart on bittrex Which has the most data on it although Actually cro is trading mostly on the Crypto.com exchange also coinbase has a Lot of volume but it doesn’t actually go As far back in history as this exchange Does namely bittrex so as i mentioned Something is happening right now it just Happened four times in the past you’re Gonna have to wait until the end of the Video to find out what that is but Before we get on to that have a look at

This chart this is the daily chart i’m Here on crypto.com because they have the Most volume compared to bittrex and have A look at this we are currently seeing a Symmetrical triangle over here what does This mean this means that technically This is a bear flag why because we’re Coming from a previous downswing a Previous down trend and so one would Expect this to break bearish but right Now even as we speak this current candle Is attempting to break out of this Triangle so let me know down in the Comments below do you think we will Break bullish out of this triangle or do You think we will break bearish and if You want to inform your decision have a Look at these charts which i pulled up Today If usdt we’ve seen a bullish breakout of This what would otherwise be a bear flag B and b usdt we actually had an Ascending triangle also a bullish Breakout and bitcoin usdt currently also Breaking out bullish so let me know if You think that cro usdt will also break Bullish from this symmetrical triangle Now when it comes to supports and Resistances the most immediate support Is the 0.182 dollar level and of course the Next support thereafter is the one six Six dollar level and when it comes to Resistance the first major one is likely

The 0.206 And thereafter The zero point And finally testing the 0.382 Retracement of the previous move down we Might expect some resistance at the 0.296 [Music] Level Okay so now the moment you’ve been Waiting for what is it we’re seeing now Which we’ve seen multiple times in the Past Well very simply put right now we have Seen a retracement if we go to the Previous all-time high a retracement of 86.4 percent now if we go back to the History of cro we can see previous Retracements one over here which took us Down 83.3 percent then we saw another one Over here which took us down 71.5 percent notice how these numbers Are very similar to the current Retracement another retracement here Which took us down 70 percent and then Finally the fourth retracement very Recently which took us down 80 Okay so what does this tell us this Tells us that a this has happened in the Past right we have seen these massive Retracement these massive dumps on cro Four times in the past approximately of The same amount and every time that is

Marked the local bottom so that is quite Exciting and this means that it is Unlikely that we are going to see much More further downwards momentum and Certainly if you believe in the Fundamentals of cro now would be in Theory a good time to buy if the history Were to repeat itself Now when it comes to previous market Structure we have the 0.218 Dollar level on the weekly chart here Which marks previous weekly closes and Opens and we have one week breaking down Below that but this could be a fake out This this current week which still has Six days left could bring us right back Above this line and then this would Actually be a very good sign that this Is support and then this again could Mark the local bottom all right guys That’s been it from me for today i hope You enjoyed the video let me know if you Think cro has hit its bottom already let Me know down in the comments below And if you enjoyed this video feel free To check out my other technical analysis Videos which you can see up here i like To cover things in a simple and easy to Understand way and with that being said I’ll see you the next one [Music]