📈 Daily TA: Crypto.com Coin (CRO/USD)

Hello, dear members of LeoFinance!

Today I will just write a short comment/update on one of my previous posts about the price chart of Crypto.com Coin (CRO).

So, in the weekly chart (1W), CRO/USDT has recently recorded a decent price decline (correction):

And this correction started after the sequence of two Bearish Engulfings that I outlined in my post on CRO/USDT twenty days ago. This is the chart from that post (published on October 10th):

So it is a good example that Bearish Engulfing pattern, if in the longer time frames, is really a very useful candlestick formation, that is worth applying when analyzing potential trend reversals.

That's it for now!

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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📈 Daily TA: Crypto.com Coin (CRO/USD) | 27-10-2020