Over the past 24 hours, the Cronos project with the CRO(
CROUSD) token has seen a price increase of nearly +20%.
Let's see if we can still profit from the movement of the CRO token.
What is Cronos (CRO)?
Cronos is an EVM-compatible blockchain built on the Cosmos SDK. It supports DeFi, NFTs, faster payments, and even AI‑capable dApps. Its native token, CRO, powers fees, staking, and ecosystem activities.
Why CRO Jumped +20% Today (July 8)
Now let's examine the CRO token chart on the 4-hour time frame from a technical analysis perspective.
CRO token is currently trying to break the Resistance zone($0.0960-$0.0925).
Also, in terms of Elliott wave theory, this CRO token price increase with high momentum should be in the form of wave 3 and we can expect a correction to the Potential Reversal Zone(PRZ)[$0.090-$0.0880] for CRO.
I expect CRO to re-attack the Resistance zone($0.0960-$0.0925) after entering the PRZ and rise to at least near $0.1(Round Number).
Note: Stop Loss (SL) = $0.847= Worst Stop Loss(SL)
Note: If the CRO token breaks the Resistance zone($0.0960-$0.0925) without correction, we can expect a break of the Resistance lines.
Note: It is better to enter a trade if you find the right trigger for a Long position, as a Short position is more risky.
Please respect each other's ideas and express them politely if you agree or disagree.
Cronos Analyze (CROUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CROUSD) token has seen a price increase of nearly +20%. Let's see if we can still profit from the movement of the CRO token.
What is Cronos (CRO)?
Cronos is an EVM-compatible blockchain built on the Cosmos SDK. It supports DeFi, NFTs, faster payments, and even AI‑capable dApps. Its native token, CRO, powers fees, staking, and ecosystem activities.
Why CRO Jumped +20% Today (July 8)
- Technical leap: Sub-second block times and faster throughput
- Better UX: Real-world ready for fast DeFi, payments, and AI dApps
- Increased adoption: Greater utility across CROUSD ecosystem
- Trader momentum: Volume surges and speculative interest
- Strategic roadmap alignment: Upgrades following gas fee improvements
Now let's examine the CRO token chart on the 4-hour time frame from a technical analysis perspective.
CRO token is currently trying to break the Resistance zone($0.0960-$0.0925).
Also, in terms of Elliott wave theory, this CRO token price increase with high momentum should be in the form of wave 3 and we can expect a correction to the Potential Reversal Zone(PRZ)[$0.090-$0.0880] for CRO.
I expect CRO to re-attack the Resistance zone($0.0960-$0.0925) after entering the PRZ and rise to at least near $0.1(Round Number).
Note: Stop Loss (SL) = $0.847= Worst Stop Loss(SL)
Note: If the CRO token breaks the Resistance zone($0.0960-$0.0925) without correction, we can expect a break of the Resistance lines.
Note: It is better to enter a trade if you find the right trigger for a Long position, as a Short position is more risky.
Please respect each other's ideas and express them politely if you agree or disagree.
Cronos Analyze (CROUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
I personally couldn't find a good trigger for the long position because the CRO token's movements were very sharp. But from the movements of the CRO in the last few hours, we can understand that $0.1 is an important resistance. I activated the short position and will hold it until the Monthly Pivot Point.
Note: The probability of a Shooting Star pattern forming on the 4-hour timeframe is high.
Stop Loss(SL): $0.10122
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.