Panjang
CSPR - Falling wedge (D) and bull pennant (4h), 125% target
CSPR is forming a bull pennant on the 4H timeframe and is on the verge of break out.
After recently breaking out of a falling wedge on the daily chart, we're now seeing a second bullish continuation pattern develop, making the overall structure for CSPR appear very bullish.
The last time CSPR broke out of a falling wedge on the daily timeframe, the price surged over 180%.
That move was followed by a sharp pullback with long wicks, eventually forming a new falling wedge.
Given CSPR’s history of short but explosive moves (high volatility), it’s advisable to use a tight TP when trading this setup.
I’m anticipating another potential rejection near the $0.026 zone which could still offer upside potential of around 125%.
For a more conservative approach, you could aim for the upper boundary of the wedge, which currently sits around $0.019.
Let’s reach the summit together!
📝 Note
I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated, especially as I continue developing this skill further!
After recently breaking out of a falling wedge on the daily chart, we're now seeing a second bullish continuation pattern develop, making the overall structure for CSPR appear very bullish.
The last time CSPR broke out of a falling wedge on the daily timeframe, the price surged over 180%.
That move was followed by a sharp pullback with long wicks, eventually forming a new falling wedge.
Given CSPR’s history of short but explosive moves (high volatility), it’s advisable to use a tight TP when trading this setup.
I’m anticipating another potential rejection near the $0.026 zone which could still offer upside potential of around 125%.
For a more conservative approach, you could aim for the upper boundary of the wedge, which currently sits around $0.019.
Let’s reach the summit together!
📝 Note
I'm currently building a portfolio of crypto analyses here on TradingView. Your feedback, tips, or validation are greatly appreciated, especially as I continue developing this skill further!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.