CSPR Highly likely to hit new low
Updated
Hi there, it's not a surprise to see the market go even further down, although I was suspecting to see some sort of a minor pump across the board in Q4. but this seems less likely for the time being, I can see one more, possibly two lower lows forming for Casper labs token to the downside.
Keep in mind from the EWT, we are having the 5th wave which is definitely will bring new ATL = All Time Lows for CSPR. you can see the first price area is about 1 cent range +-. If extended and BTC tumbles even below 10K, expect the 2nd area probably to be met for CSPR.
I will start DCA in around 1.1-1.5 cents
Keep in mind from the EWT, we are having the 5th wave which is definitely will bring new ATL = All Time Lows for CSPR. you can see the first price area is about 1 cent range +-. If extended and BTC tumbles even below 10K, expect the 2nd area probably to be met for CSPR.
I will start DCA in around 1.1-1.5 cents
Comment
While BTC made new highs recently, we can see majority of Alts are in a selloff mode. Technically on the high time frame it was indicating for new low. I believe CSPR bottoming is near from value perspective and i will be DCA in below 2 cents and wait to enjoy the ride.
Fundamentally Casper labs are active and committed to be Enterprise hub attraction and developing innovative services.
Keep your signal is GOLD for new highs this year and Q4 will be the start for crypto going in 2025
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