CSPRUSDT
Casper idea #CSPRWhat Is Casper (CSPR)?
Launched on mainnet on March 30, 2021, Casper is the first live proof-of-stake (PoS) 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.
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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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way.
- EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. According to that, EURGBP can rise slightly up to 0.8900 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.
CSPR died in January 2021, like RchainHyperinflation 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!
CSPR LONG!!!!!!!!!!CSPR potential area of interest to load up and ride this mini pumpo!! Aslong as btc continues to show bullish context alts will follow while btc.d is declining.
as always keep our eye on DXY and nasdaq100 minis here they show us early signs of what the market will do!!
BIDS 0.023 AND LOOK FOR TP ABOVE 0.03
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