Is CPOOL Headed for a Major Reversal?Yello, Paradisers! Are you keeping an eye on #CPOOLUSDT? It’s about to make a decisive move, and you’ll want to be ready.
💎#CPOOL is now testing a key resistance zone while forming a double top on the lower time frames. This area, once a strong support, has now flipped into a solid resistance.
💎Price is likely to see retracements down towards 0.1235, potentially extending to the 0.1175 to 0.1108 range. This is a significant support zone, reinforced by the 4-hour EMA-200. Sellers might encounter strong pushback here, leading to short-coverings and fresh buying interest. If this scenario plays out, a reversal could be in the cards, pushing prices higher. However, if sellers continue to dominate, price might see CPOOL bottoming out near the 0.105 to 0.101 levels.
💎For CPOOL to resume its uptrend, bulls will need to break through the 0.134 to 0.141 resistance levels. This won’t be easy and will require significant bullish momentum.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
Cpoolbusd
CPOOL daily chart retesting the DeMark 9 support.CPOOL daily chart has retested and held support
at the DeMark9 indicator support which is not
a bad sign. the one marl of concern is that the
RSI broke down below the ascending trendline.
So CPOOL needs to have some exponential high
volume to pour in and allow these candles to
greenlight this chart. If it was to turn bullish
out of this formation, look for it to head to the
7.86 Fibonacci red box.
CPOOL Daily Chart is charting Classic Bullish Diveregence Thurs 6-23-22 CPOOL daily chart UPDATE
The Yellow Trendlines i have not moved and the
chart has played out well with the supports.
What i see right away is that its holding support
right at the day launch price. This is not a bad sign
at all. The price movement and RSI are flowing well
for an early project. This Chart is showing
CLASSIC BULLISH DIVERGENCE!
look at the white dotted lines
that are ascending and descending, those dotted lines
will be the support and resistances now...
it should follow within that pattern as well as the
RSI is showing some decent strength. DMark9
Indicator is showing it may of hit bottom.
MY MINIMALIST CHART ANALYSIS FOR $CPOOLCLEARPOOL
On a DAILY Chart
04.21..22
1349H +8 SINGAPORE
Clearpool is a Decentralized Capital Markets Ecosystem, where institutional borrowers can access unsecured loans directly from the DeFi ecosystem. Clearpool introduces a dynamic interest model driven by market supply and demand forces.
Liquidity providers on Clearpool can earn attractive yields, with pool interest rates enhanced by additional LP rewards paid in CPOOL - Clearpool's utility and governance token.
Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit that will provide Clearpool LPs with risk management and hedging capabilities.
As more institutions begin to realize the benefits that decentralized finance can bring to their organizations, Clearpool will provide the new architecture to facilitate flows between the $120 trillion traditional capital markets, and the burgeoning DeFi ecosystem.
The CPOOL Token - CPOOL is the utility and governance token for the Clearpool protocol. - CPOOL holders will vote on the whitelisting of new borrowers, a process that will qualify participants to earn additional CPOOL through an incentive reward scheme. - CPOOL staking will be a required action for borrowers, who must stake an amount of CPOOL to access the area of the protocol where they can make a proposal to be whitelisted. Liquidity providers earn additional CPOOL rewards, enhancing pool interest rates to attractive levels. - Clearpool will announce a buyback program, where a share of protocol revenue will be used to buy CPOOL in the open market, to perpetually sustain reward pools.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
FIRST ENTRY
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy.
1. RSI 42: still midway down but you can wait to reach the BOTTOM of the BLUE MAJOR BOX at.1179
2. STOCHS 31/13: on the LOW and building an upward momentum and probably a plate then back down.
3. Volume seems small for me, a lot is still holding. Waiting for a bear tail to have a spike on supply (SELL). Still on a downtrend looking at the volume histogram.
4. FURTHER DOWN TREND MAY BE SEEN ON A WEEKLY so MOST LIKELY 2ND ENTRY would be the real BOUNCE UP.
5. No point of Capitulation: Meaning HODLERS still believe in this project, even if you see a downtrend on the SELL volume histogram.
6. We can expect it to push further down to the .1179 - .0063 zones. This is at the bottom of the brown minor and blue major box and beyond.
7. Expecting ave. 92% - 405% gains on the First Partial Exit - Area of Value (TOP OF MINOR and MAJOR BOXES) and a further -100% if it goes down to 2nd ENTRY.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.
Charts are created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
CPOOL daily chart, MY THOUGHTS?CPOOL daily chart...was asked by a member to post my thoughts here..
theres not alot of data here, but with RSI's at the bottom and slightly
began to trend up, we may see some positive upward movement...
The DeMark9 shows we may of hit bottom on the candle pattern as well a week
ago. To show Bullish Strength, i would like to see this chart break and hold
$.19 and then move up into $.39-$.50 range. anything is possible with a
brand new asset. so if you believe in a project, accumulate and hold and be patient..
its risky but life is risky....I hope this helps traders and investors.
CPOOLUSD new supports formed here and expected pump aheadCPOOL / USDT
CPOOL still correcting in this pattern since early December.
Until now Cpool still couldn't be able to flip the major resistance on frames between $1-1.25.
Scenario 1: test local support between $0.42-0.43
Scenario 2: if this local support here remains valid, price can easily pump to the channel upperside and $0.60-0.63 in the next move.
Any breakout and then more pump is expected with the upcoming news of the mainnet launch.
DISCLAIMER: Trade based on your own decision, please do your own research.
CPOOLUSDT with new potential opportunityCPOOLUSDT has potential to go up to analytic target area. Trade will be bullish until it remain in upper trend line.
I write precise and compact information for quick understanding for all types of traders to understand my idea. If you like my idea then don't forget to subs and hit like button.