CSPR - Ultra Deep Value Coin

10月2日

CSPR #328

"Charlie" has picked out some coins in their Golden Windows.

If you have watched the educational Fibonacci video then you will be able to draw these with a little practice.

One on the list that I haven't covered for a while that is now quite interesting is Casper.

This coin has a lot of hype.

However, the tokenomics are a little iffy since to has no known "Max Supply."

This means that coins could be infinitely minted; inflating the supply which would dilute coin holders.

But this issue is common with major coins such as Ethereum and Solana...

And similar to ETH coins are continuously minted through staking rewards.

So perhaps it should not be a major concern but certainly worth being aware of.

Another minor issue is that it doesn't have too many wallets that accept it.

Anyhow, it is of significant technical interest in this area because it has been dumping whereas other coins have been holding or moving on up.

And so it is potentially arriving to a point of ultra deep value.

The multipliers could be wild if were to pump from here.

This coin was up around 100 rank some time ago but with it slumping against other coins, it is now down at #328

Notice that it recently tapped into a 1.618 extension Golden Window.

This could be very significant I think.

Also notice that the week RSI went oversold for the first time ever.

The week RSI tends to be a very significant time frame.

Currently CSPR sits a tiny amount above the 1.618 @$0.0016.

So this is an ideal buy right here.

You could put some buy orders down at the 1.618 also.

But do note that it has already been re-tested so there is a chance that it could move on up from here.

Not advice

10月2日

交易开始

10月2日

注释

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10月2日

注释

CSPR is now in the 1.618 extension Golden Window

10月4日

交易开始

Nice 14% pop today.

Notice that this low is whipsawing into a bullish engulf.

This may end up leaving a strong lower wicked candle on higher time frame.

This might just be the bottom here 🤨.

10月23日

交易手动结束

CSPR

Has just had a hard dump today and with that it has exceeded the 1.786 overshoot ratio down to 1.89.

Thats a bit too far to have reasonable probability of being a bear trap shakeout before a reversal.

More likely it is another wave down and this can be tumbling down and down à la SHILL.

And now that it has moved on, this corrective area looks to be a higher time frame continuation pattern.

This means that assuming it is another wave down, it should extend 1:0.618 or 1:1 as a minimum.

1:1 is most common.

That would be a 68% loss from current price.
Its not impossible that it can reverse outside of the GW, its just lower probability.

...

Also worth considering that the GW I have drawn isn't the highest time frame since there is no pivot from the top.

So there may be one that I haven't found.

But I can't find one in this area taking such a pivot.

Have a look and see if any of you can find one if you like; similar to APE?

...

So in a nutshell; this is now in technical "no man's land."

I don't like doing business there 😅.

100% exit and I will re-allocate into our other coins in technical positions.

...

Worth considering also why this is happening.

This coin has some hype so it is interesting.

But this coin has no max supply so perhaps the blockchain developers are minting and selling the coin to death.

Perhaps this is just a short sellers coin 🤔.