CSPRUSD Close to a major bullish break-out!Casper (CSPRUSD) broke today above the Lower Highs trend-line that has been in effect since late December 2021. This is the Resistance level that suppressed the price action throughout the whole Bear Cycle. If it manages to close the candle above it, preferably the weekly, it will be a major bullish development with confirmation coming when the price breaks above the 1W MA50 (red trend-line).
Right now we are on the ultimate Resistance cluster as the 1D RSI is also struggling on the Resistance Zone that is holding since March 31 2022. A Triple Top there would delay the upside for a month or so, but since the price is trading on Higher Lows (since the June 18 market bottom), it is a matter of time before Casper breaks upwards.
As you see, the Fibonacci retracement levels fit almost perfectly with Support/ Resistance levels during the downtrend of the Bear Cycle, and can provide us with a guide as targets on the new Bull Cycle.
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Casper
Bearish Divergence, Wave 3 or C reached, retrace we comeCasper is reached wave 3 of EW the 1.618 extension, it looks to be retracing for either wave 4 or this can be seen as a ABC wave structure before more downside in the LTF.
Key take is on the 4hr there is a bearish divergence and MACD looks to be rolling over as well...
CSPRUSDT Hit the 1D MA200 for the first time since April 01!*** ***
For this particular analysis on Casper we are using the CSPRUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where CSPR hit today its 1D MA200 (orange trend-line) for the first time since April 01 2022. That hit resulted in a massive rejection for the token back towards the 1D MA50 (blue trend-line) and even lower on a 2 month horizon.
As a result this is a critical point for buyers. A 1D candle close above the 1D MA200 can potentially reverse the long-term bearish trend and immediately target the next Fibonacci retracement levels: 0.382 and 0.5 until it tests the 1W MA50 (red trend-line). Failure to close above the 1D MA200 can result in a pull-back towards the 1D MA50 (as in April), which is near the bottom of the medium-term Channel Up pattern anyway.
Notice at this point the RSI formation on the 1D time-frame. In contrast to the previous two breaks above the 70.000 RSI mark which formed Lower Highs and rejected the uptrend, the current one is about to close on Higher Highs. That could be an early indication of an upcoming bullish break-out.
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CSPR died in January 2021, like RchainAh, CSPR, I put 2.2k at 0.0592, it pumped to 0.21, I didn't take profit - liquidated on way down
Hyperinflation during bear market - same marketcap as we had in 20c in August 2021
The team has bad image - team scolding people in Telegram (already deleted), I have screenshot in case people say I am lying
Not listed on any major exchange since listing - hyped up Binance, never came
Still no use case
Slow chain, slow finality - eth2 coming so completely useless
Same team as RChain was also Casper fork - utterly failed
There is heavy selling pressure from validator - in entire bull market it did 10% up maybe then full retrace. I saw it going up by 10-30% many times during autumn 2021, all to retrace. Casperpad was also a scam - but good enough for final double top.
CASPER CAN REACH $19 (£15.50)- CASPER NETWORK can reach £15.50 within the next 2-5 years because it has utility and is solving a problem, along with that they have a great team and great partnerships.
- Most cryptos have hit the 55/89 FIB extensions so it will be pretty easy for CASPER to hit the 34 extension!
- NOT FINANCIAL ADVICE!
Casper Bottomed Out | Multiple Timeframes (160% Target Mapped) Good to write for you again and here we have the classic bottom formation we've been seeing over and over... This is the CSPRBTC pair or Casper.
We have the lower low followed by strong bullish action.
We have the "W pattern" which normally signals a low/bottom/support.
CSPRBTC Daily
- There can be a retrace after the initial breakout.
- The retrace tends to end in a higher low which leads to a higher high.
- Patience is key as everything will move but it takes time.
CSPRBTC Weekly (main chart)
- We can see a broken descending channel.
- The RSI rising.
- Three White Soldiers pattern (confirms only after this weekly candle close).
- Trading above EMA10.
- 160% Target mapped.
This is all for this pair.
Thank you for reading.
Namaste.
CASPER £40 ($50) 2-8 YEARS - Casper Network..... What is it? Casper is the first live proof-of-stake, blockchain built off the Casper CBC specification. The Casper platform is designed to boost the adoption of blockchain technology, smart contracts, and DApps on a global scale.
- Casper's Marker Cap: £151,461,181 (01.06.2022)
- Casper price today: £0.029
- £40 DIVIDED BY £0.029 = 1,379
- Lets just say Casper does a 450X from its all time low.... £151,461,181 X 450 = £68,157,531,450 (£13 per Casper Token)
- NOT FINANCIAL ADVICE - DO YOUR OWN RESEARCH - ONLY INVEST WHAT YOUR WILLING TO LOSE! (DCA)
cspr MMSMMMSM could be forming , the rejection inside our trading session didn't offer enough downside and we look to have formed a short term low , if we clear the next high 0.430 that will be full confirmation of the sell model and well sell into the stop run ready to target the lows,
Remember the top is always hard to call so don't expect to catch the top of this move if plays out
BEST PRICE TO ACCUMULATE MORE CSPRIf there is any any price best for entry for CSPR, it should be at this current all-time low level. CSPR is now currently testing the 0.05 support. I expect this support to hold and as bitcoin have a momentary relief form a double bottom then flip upside. However, if the current support is lost. The next strong support will be 0.01. After that is 0.005(I don't expect to see this price).
CASPER NETWORK EASY 44X- Follow the WALL STREET CHEAT SHEET!
- I made easy 10-20X gains since 2020-2021 by simply following the WALL STREET CHEAT SHEET!
- Invest when the market is in disbelief!
- HIGH RISK = HIGH REWARD!
- A lot of CRYPTOS have peaked above the 4.618 FIB EXTENSION - a lot have peaked above the 34 extension, so from the low we are at now $0.048 we could hit a minimum of £2.14 in the next 1-3 years.
- £2.14 divided by £0.04829 = 44.3 - so if you would invest £1,000 at this low you could potentially turn that into £44,000, then look for another 10X project and that's £440,000 do that one more time and you now have £4.4 Million!!! Easier said than done!
- However if your patient then its possible to achieve those gains!
- NOT FINANCIAL ADVICE!
CASPER ABOUT THE BLOW THE ROOF OFF!!!! CSPR showing early indication we could be about to see further upside!
Price swept the liquidity down at .06c and we seen a immediate reaction following this with price forming a daily orderblock and a market structure shift to the upside subsequent running two short term highs.
Now we anticipate price seeing a level of correction coming in the OB and making a higher time frame higher low , as shown on the 4hr were looking to get in the market inside the OB that caused the market structure shift.
ENTRY-0.0655
SL-0.06
TP1-.1381
TP2-MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
CSPR - a compelling entry point !!Price seems to find a support at around five and a half cents (which was the all time low).
There is a strong positive divergeance on the RSI relative to the price: price has been declining, RSI is clearly on the rise.
Historic volatility is very low at the moment. There is a volatility funnel that must resolve: my bet is clearly to the upside.
This is a very solid layer 1 project.
The valuation is as cheap it can get.
Not financial advise but I have been buying heavily between 0.05 and 0.06 $.