Is this the bottom? CSPRCasper coin is a crypto project pretty popular that i am following (and holding) from months. Weekly chart is pretty boring, but i expect great things in the future. Looking at the short term chart, we can see an awesome break of the main trendline and we could expect a pump following the master BTC. I think there is enough potential to reclaim local highs
CSPRBTC
CASPER drop likely to continue to bottom wedge trend line.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!
CASPER rebound likely to fail.Many of us have been frothing at the mouth, watching the recent CASPER (CSPR) collapse, waiting for a likely entry point to go long. The bounce we're seeing right now is likely due to the trend seen in the overall crypto market, and not one that's unique to CASPER itself. It looks like this bounce will be temporary, and the downtrend will continue to at least the $0.03218 level before we see any meaningful or sustainable reversal, even though I think that it will go a little lower than that, likely to the $0.03 - $0.031 level. If the bounce does continue, it will likely be stopped at the upper descending trend line (the upper dashed line). If it does break that trend line, it could be a good sign that the reversal is in.
If you enter a long trade, use a stop-loss. In fact, I recommend always using a stop-loss.
Good luck!
CSPR looking for bullish continuationGood day fellow traders,
CSPR structure is looking very solid. The potential for a strong breakup is surely there. Obviously, market maker BTC will be able to help if it makes its mind up:).
First levels indicated, further upside more than possible,
Goodluck and trade safe
Casper Bottomed Out | Multiple Timeframes (160% Target Mapped) Good to write for you again and here we have the classic bottom formation we've been seeing over and over... This is the CSPRBTC pair or Casper.
We have the lower low followed by strong bullish action.
We have the "W pattern" which normally signals a low/bottom/support.
CSPRBTC Daily
- There can be a retrace after the initial breakout.
- The retrace tends to end in a higher low which leads to a higher high.
- Patience is key as everything will move but it takes time.
CSPRBTC Weekly (main chart)
- We can see a broken descending channel.
- The RSI rising.
- Three White Soldiers pattern (confirms only after this weekly candle close).
- Trading above EMA10.
- 160% Target mapped.
This is all for this pair.
Thank you for reading.
Namaste.
PREPARE FOR CARNAGE Using the fib the same way we would do to project potential targets to the up side when no data is there to be read , we can also project targets to the downside.
With this we will still look for the HTF BMS to occur before validating the position.
ICO price for cspr was 0.03c anyone who has bought cspr since listed on exchanges is underwater , will they drive price below ICO? . Time will tell biut again we have to prepare some bids.
Using the retracement levels for a potential reversal followed by a structure shift to the upside we can start to build into the trade.
0.0318-0.0181 is where well look for such event to occur and will be our first entry i dont want to DCA into this.
CASPER $CSPR Long term IdeaCasper is a blockchain layer 1 provider who has many new projects coming on top of it. It's fast secured and one of the best newcomers in this space. Price is in a consolidation zone for a while and I expect it to break out soon from this range. Targets are given on the chart. Always hold a moonbag behind because the marketcap is just above $300million , which is low compared to other layer 1 foundations.
I also have a strong feeling that it's a top contender to be listed on Binance. Lets see where we go with this badboy!