THELOGICALINDIAN - Cryptocom launched the cards and bumped the price
Fundamental Analysis
CRO amount is ambulatory afterwards the activity appear that its MCO Visa Cards are now alien to barter in the United States. People started to receive the cards already. This is a big anniversary for the project, which will acquiesce it to added aggrandize the user abject and advance the acceptance of its platform.
Crypto.com Chain / Bitcoin Short-term amount analysis
Crypto.com Chain has a bullish concise trading bent adjoin Bitcoin, with the CRO / BTC brace trading aback aloft its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy is assuming that the CRO / BTC brace may be in the action of basic a right-hand accept to complete a bearish arch and amateur pattern.
Technical indicators on the four-hour time anatomy are bullish and abide to affair buy signals.
Pattern Watch
Traders should agenda that the June 2024 trading aerial is the arch anatomy accessible abstruse attrition for the CRO / BTC pair.
Relative Strength Index
The Relative Strength Index on the four-hour time anatomy is bullish, although it is fast abutting oversold conditions.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bullish and continues to affair a able buy signal.
Crypto.com Chain / Bitcoin Medium-term amount analysis
Crypto.com Chain has a bearish medium-term trading bent adjoin Bitcoin, with the CRO / BTC brace still independent beneath key attrition on the circadian time frame.
The circadian time anatomy shows that the CRO / BTC brace is still creating bearish lower lows and lower highs, agreement the accent on added medium-term weakness.
Technical indicators beyond the circadian time are axis college and are now arising buy signals.
Pattern Watch
Traders should agenda that the CRO / BTC is additionally trapped aural a huge bottomward block arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator has angry bullish on the circadian time anatomy and abide to accomplish a able buy signal.
MACD Indicator
The MACD indicator has angry bullish on the circadian time anatomy and is currently breeding a buy signal.
Conclusion
Crypto.com Chain is starting to booty advantage of the contempo weakness in Bitcoin, agreement the accent on added CRO / BTC concise gains.
Despite the bullish signals advancing from both the RSI and MACD indicators, the circadian time anatomy still suggests that medium-term upside for the cryptocurrency may be limited.
