To begin, Casper, after its terrible fall like the rest of the cryptos, initiated an accumulation phase since May 2022. This accumulation strongly resembles a Wyckoff pattern (although I don't show it on the chart for readability reasons).
On the other hand, we can clearly distinguish a bullish diamond in blue, from which CSPR broke out above in early April at $0.0454. Then, CASPER crossed the resistance at $0.0454. We can see an even stronger resistance around $0.0555. If the resistance is crossed, CSPR could then reach the target of the diamond and potentially also the peak of a wave 3 towards $0.78-0.80. It would then be possible to observe a consolidation of type wave 4, and wave 5 could then lead the price towards $0.1.
This level corresponds to the terminal point of a Bearish Gartley pattern and corresponds to the low level of a significant resistance zone. This would be the place to take profit at least partially.
However, it is important to keep in mind that investing in cryptocurrency in general, and in CSPR in particular in the world of Layer 1, represents a good deal of risks and it is advisable to invest money that one is willing to lose.
On the other hand, we can clearly distinguish a bullish diamond in blue, from which CSPR broke out above in early April at $0.0454. Then, CASPER crossed the resistance at $0.0454. We can see an even stronger resistance around $0.0555. If the resistance is crossed, CSPR could then reach the target of the diamond and potentially also the peak of a wave 3 towards $0.78-0.80. It would then be possible to observe a consolidation of type wave 4, and wave 5 could then lead the price towards $0.1.
This level corresponds to the terminal point of a Bearish Gartley pattern and corresponds to the low level of a significant resistance zone. This would be the place to take profit at least partially.
However, it is important to keep in mind that investing in cryptocurrency in general, and in CSPR in particular in the world of Layer 1, represents a good deal of risks and it is advisable to invest money that one is willing to lose.