CROUSD - Technical short term outlook (1H chart) -006
Short term ascending triangle negated on 06Apr 0000H UTC
Price ranging still between 0.456 and 0.54 as per previous update. Lower support is at the longer term ascending trendline, now marked around 0.40 levels.
Price pressure maybe downwards, hinging on Bitcoin price action but also on fundamentals.
Crypto.com announced earlier their earn rates will be nerfed from 04 April 2022. We may see an exodus of whales within a 3 month period (tied to Earn's 3-month fixed term). Key milestone date to lookout for is 4th July, an easy date to remember.
CRO price will see downward pressure. If it holds up by 04Jul, we may see it recover to greater heights fundamentally.
Price ranging still between 0.456 and 0.54 as per previous update. Lower support is at the longer term ascending trendline, now marked around 0.40 levels.
Price pressure maybe downwards, hinging on Bitcoin price action but also on fundamentals.
Crypto.com announced earlier their earn rates will be nerfed from 04 April 2022. We may see an exodus of whales within a 3 month period (tied to Earn's 3-month fixed term). Key milestone date to lookout for is 4th July, an easy date to remember.
CRO price will see downward pressure. If it holds up by 04Jul, we may see it recover to greater heights fundamentally.
