CPOOL on the Brink: Will Sellers Trigger a Massive Drop?Yello, Paradisers! #CPOOL has enjoyed a solid bullish leg recently, but things are starting to look heavy. The price is currently moving inside a major triangle pattern, a typical structure that signals a potential corrective phase. While bulls still hold their ground, there are clear signs that sellers could take control if key support levels are broken.
💎The first major neckline support sits between $0.3800 and $0.3620, and this is where the real battle is happening right now. It’s a critical zone for #CPOOLUSDT, as bulls will need to defend it to avoid further downside pressure. If this level holds, we could see consolidation within the current range, giving bulls another chance to regain control.
💎However, if sellers manage to break through this support, it’s likely to trigger a corrective wave that could push the price toward the next lower support zone between $0.2995 and $0.2850. This region is particularly significant because it aligns with the triangle pattern target, making it a logical area for a reaction. Buyers stepping in aggressively here could lead to a sharp “slingshot” rebound.
💎On the flip side, bulls face a strong descending resistance level at $0.4720, which also aligns with horizontal resistance. This zone will be a tough one to break, and until CPOOL clears it, any bullish moves will remain capped.
Paradisers, this setup is looking very promising—but don’t forget, discipline and patience are key in this market.
MyCryptoParadise
iFeel the success🌴
CPOOLUSDT
CPOOLUSDT Testing the key Support Level Right Now | What's Next?Yello, Paradisers! Did you notice #CPOOLUSDT’s breakout from the descending channel? Let's break it down to understand what can happen next:
💎#CPOOLUSDT has been navigating a descending channel and recently broke out to the upside. After the breakout, the price surged by almost 70%. The first profit-taking wave occurred a few days ago, and now the price is pulling back to retest the resistance-turned-support at the upper layer of the channel. This marks the second wave of profit-taking.
💎#ClearPool has a support level of around $0.132. This level has held multiple times before and we expect it to do so again.
💎However, if $0.132 support fails, we anticipate a bigger pullback for the #CPOOL to the next support level at $0.109. The chances of price increasing from here become much bigger.
💎The overall macro sentiment and Bitcoin’s price movement will significantly influence this prediction of $CPOOL, so make sure to keep an eye on the market. If the $0.109 support also fails to hold, the likelihood of a bearish continuation increases significantly.
Stay disciplined, stay patient, and always wait for the best trading opportunities. This is how you can become a winner.
MyCryptoParadise
iFeel the success🌴
CPOOL/USDT Breakout From Symmetrical Triangle is Imminent 👀🚀💎Paradisers, let's dive into the recent market developments for #CPOOLUSDT, which are signaling a significant change.
💎Currently, #ClearPool's price is tightly consolidated within a symmetrical triangle, hinting at an imminent breakout. If the breakout is upward, it will indicate a bullish trend reversal, potentially leading to a surge and capture of significant sell-side liquidity.
💎However, if the breakout moves downward and faces rejection at the upper resistance, this would indicate a shift towards a bearish trend, potentially causing the price to revisit key support for renewed bullish momentum.
💎The key support zone is critical for $CPOOL. If the price maintains this level, it presents a prime buying opportunity, possibly leading to an upward bounce. Should #CPOOL break below this support, the next possible stop is the high-demand area below.
💎If it slips below this demand area, it will point to a more extended bearish trend. Stay alert and focused as we watch the changing dynamics in the #CPOOL market.
📊 CPOOL Trading Opportunity 🚀Favorable Risk-Reward Ratio:
CPOOL presents a promising risk-reward ratio, with its price resting on a significant support line.
Trade Parameters:
Entry Range: $0.175 to $0.185.
Take Profit: $0.24 or $0.35.
Stop Loss: $0.12.
📈 Potential Upside:
If price maintains support and rebounds, anticipate reaching profit targets of $0.24 or $0.35.
🛑 Risk Management:
Implement a stop loss at $0.12 to mitigate potential losses.
📊🔍 Stay attentive to CPOOL's movement! #CPOOLTrading #CryptoAnalysis 💰📈
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.
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.
CPOOL near to break out#CPOOL/USDT
$CPOOL is below a ling term descending resistance that is parallel of broken resistance line.
if price hold the support of $0.89 and break out from descending resistance, possibly will head up toward resistance zone between $1.235 and $1.345.
and if break down from $0.798, price can drop to support zone around $0.67 and then try to break out the resistance line.
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.