CASPER drop likely to continue to bottom wedge trend line.
Updated
CASPER (CSPR) has been getting beaten to the ground like a red-headed-step-child, and even though it may bounce a little off of the right resistance points, it's very likely we will continue to see it drop overall to approx. the .031 level before there's any significant reversal. If it fails to hold this level, it could be catastrophic for the price, but also may present a great buying opportunity for trader's, and long-term holders looking to add to their positions.
Good luck, and always use a stop!
Good luck, and always use a stop!
Note
A view of the wedge that has formed in the descending foot formation on the 15 min chart. Note
Casper is continuing to get worse. View of the 1 hr chart trend. Note
I closed my short position today since the price is now above the 50 and 200 dma on the 15 min chart. At this point, I won't be taking additional risk by shorting. Instead, I'll be looking for a good point to enter a long position on a 10X leveraged trade.
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