Hello, dear members of LeoFinance!
Today I will comment on the price chart of Crypto.com Coin (CRO).
So, in the 7-day time frame, CRO/USDT has recently formed two consecutive Bearish Engulfings:
Theoretically, a Bearish Engulfing pattern is a technical chart pattern that signals lower prices to come or it is even viewed as trend reversal pattern.
However, as seen from the chart above, CRO/USD experienced solid increase earlier this year. That's why the two consecutive Bearish Engulfings may turned out to be just a beginning of some correction or consolidation.
To be continue ...
So, fellow LeoFinancier, what do you expect from the CRO in the near future?
p.s. at the time of writing one UNI costs $0.1476 according to LeoFinance.io
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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