CRO is prepping for a move
Crypto com price currently auctions at $0.11 as the market has come to a complete standstill. A sharp rally was witnessed during the final week of September, contributing to a 26% rally. The bears jumped back into the market following the rapid rise, bringing the bullish returns down halfway.
The compression between the two below averages means the CRO price is at or near a key level. CRO price could witness a sharp spike into the next intended target. If the bulls do not hurdle into the moving averages soon, the Ethereum-based exchange token’s trend will likely be bearish, targeting $0.09 and further.
On the contrary, if the bulls do find support (which correlates with how the volume profile looks), a propelling rally towards $0.14 could occur.
Invalidation of the trade idea will be beneath the swing low or on top of the swing high. or on top of the swing high. The entries should be placed on both sides and one can be removed once the other is filled.