CRO/USD quotes are trading at the level of 0.7381 and continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a short-term bearish trend for Crypto.com Coin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop the growth in the value of a digital asset and a test of the resistance level near the 0.7565 area. Where can we expect a rebound down again and a continued fall in the Crypto.com Coin rate with a potential target below the level of 0.5055.
Crypto.com Coin Forecast November 30, 2021
An additional signal in favor of reducing the CRO/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the ”Triangle” pattern. Cancellation of the option to reduce the coin will be a strong increase in the value of the asset and a breakdown of the 0.8455 area. This will indicate a breakdown of the resistance area and a continued rise in the cryptocurrency rate with a potential target above the level of 0.9565. With the breakdown of the support area and closing of quotations below the level of 0.6005, we should expect confirmation of the development of the downward trend in Crypto.com Coin and the beginning of the development of the ”Triangle” model.
Crypto.com Coin Forecast November 30, 2021 implies an attempt to correct and test the resistance area near the 0.7565 level. Where can we expect a rebound and the continuation of the fall in CRO/USD to the area below the level of 0.5055. An additional signal in favor of reducing Crypto.com Coin will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.8455 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.9565.
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