CasperLabs: CasperLabs is a blockchain technology company that is working on building a new blockchain platform using a PoS consensus mechanism. The platform aims to provide scalability and security while allowing developers to build decentralized applications (dApps) and smart contracts. Casper making another HIGH – Does the up trend hold into new levels of resistance?
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What’s going on Traders what’s going on the 31st of December the last day of 2023 we’re taking a look this morning at Casper tether daily chart gate.io will be the provider here and we are on trading VI welcome to the channel everybody all of the new and all of the current
Subscribers we are going to talk about a couple price targets here my reasoning behind them and maybe a little bit into 2024 which will be tonight tomorrow midnight we’re on the East Coast it is 6 o’ in the morning on the East Coast on Sunday morning the 31st of December so
We have a couple price targets to talk here talk to about here talk about here excuse me on Casper as the trend here continues to the upside we’re at a critical moment we have been at a critical moment and it keeps steaming ahead maybe this will be
The time that it breaks into the upper box range that we will also mention here so guys let’s dive right into it welcome once again so we have Casper making another higher high yesterday what a beautiful sight to see for the Casper investors Casper holders right here yesterday was the 30th of
December we have another higher high so let’s real quick highlight this before we jump into price targets right here we have a pretty major low we have a higher high that that took place looks like that was the 5th of December we have also another higher low
Right here which was the 18th of December and yesterday we have another higher high so what is the trend well the trend is higher higher lows and higher highs gives us a confirmation of an uptrend so that is what we have higher low higher high higher low higher
High so if the trend continues what will come next well at some point we’ll get another higher low so maybe this pullback is brief higher low and into another higher high so we have a confirmed change in Trend to the upside pullback came in perfectly old resistance right in into support very
Nice to see very nice technical technical uh stuff to see here on the chart so we have a couple price targets we’ll talk about on the chart they are nothing crazy they are we actually just hit one yesterday and we have a couple more above the market we’ll talk about
Them so the first Target that we hit actually yesterday is at the 5265 level so that’s 052 65 that’s this first yellow dotted line right here and what I mean by hit that is we traded up to it and re we reversed back underneath of it very nice
Solid hit just as it should play out it did you can see on yesterday’s candle big wick up into yesterday’s high was 5690 and then we actually closed Let’s see we had a close yesterday of 51 35 so we hit that Target pulled back just as it should and we’ll see what
Happens today so far today we have a lower high than yesterday so we’ll see what happens if this pullback is just brief if is it just couple hours you know or is it something longer so to get back up to the 526 5265 level from where we’re
Currently trading it’s about a 5 1 12% move higher nothing crazy right now Casper’s down 2.63 so that would be Target number one hit perfectly I didn’t run these calculations before yesterday but it wouldn’t have changed the targets and uh yeah so Target number two up there would be five let’s see
5868 5868 if I’m correct that would be this yellow line right here on the chart we got very close to hitting the that yesterday but we did not so there’s a good chance that we’ll be hit here in the future assuming Trends continue higher that would put the price up 17
You could call it’s like 17 and a half 18% from where we are currently trading we’re trading at 49 and that Target up there is at 588 uh six so a 17 to 18% move higher and that is right here guys put this a little bit above yesterday’s
Candle wick high and that it would be right here so this thing is in a nice uptrend guys we’re in a nice zigzagging pattern higher here so like I said higher lows higher highs higher lows higher highs we are stair stepping to the upside and we’re hitting targets
Perfectly which is very nice to see so we talked about the 52 Target and the 58 Target we have two more targets to talk about let me know what your price Target is for Casper so you know I have shorter term targets and then I have much longer term much
Higher uh targets you know Market the Market’s All About Time and price the EB and flow so we’re just talking about lower shorter term price targets right now you know and it depends on a lot of things depends on what bitcoin’s doing and the rest of the markets Etc not
Everything runs at the same time some things run that’s others pull back vice versa we’re not talking about multi-digit you know two three four whatever the case may be price targets we’re talking about more of a short-term price targets but the percentage returns are huge like I
Said um you know five and a half percent nothing crazy but when you start to talk about a 17 18% move and then our next Target we’re going to talk about guys from where we are currently trading at would be a a let’s see so the next Target above the market is a
6636 so from where we’re currently trading at this morning here about 613 that’s a 32% move higher from where we’re currently trading and that would put the price right here guys that’s this target right up here now this is based on a much longer period of time so we’ll
See you know if Trends can continue higher no reason why we won’t be up to this price level once again 663 6 that puts the price up like I said about 30 30 uh let’s see 32 33% roughly and when when my targets are hit here um you know sometimes markets Blow
By targets you know that’s the way it is usually they’ll pull back when my targets are hit like it was yesterday I usually expect a reaction so prices get up to let’s call it the uh the 6636 if it trades through it just like it did yesterday I expect it to pull
Back you know underneath of it for a period of time now that period of time is a tough call sometimes it’s a couple hours sometimes that’s the top for a long time but I do expect a reaction so let’s talk about Target number four and the same goes for the
Downside I don’t have any listed on this chart but if I had price targets to the downside you know if we’re if we’re looking for lower prices and I had price targets down here as price gets to that level you know say it trades through it I would
Expect a reaction back above it for a period of time and then continue lower or sometimes it’ll trade back up to it and it’ll be resistance and then trade lower the point is I expect a reaction before continuing on so let’s talk about Target number four before we
Ramble on here Target number four up there at 8114 so that’s 8114 right up in here guys so that would be right here this dotted yellow line 814 now that really starts to put the price back back up into this this old area of was support flipped into resistance we had
Resistance number one resistance you know a couple times here and you can see where we’re at now we’re trying to breach back into this zone so one having targets two seeing a candle wick like that all very normal action so well it’s if the price didn’t struggle through
Here I would be very surprised but the slight pause pretty normal to see and we’ll see if this thing can continue up it’s tried you know it’s tried once let’s Tred a couple times through here tried over here and just recently yesterday so we’ll see if we can get up
To these Upper price targets 8114 right up here gets us into some very nice new highs puts the price up from where we’re currently trading at this morning you could call it like in 60 61% move higher guys from where we’re currently trading at so I haven’t checked over the
Weekend but the snps probably closed up was it eight or 9% for the year or was it more like 12 I think it was 12 and then the NASDAQ was up roughly like in the 20s or so so if you look at it that
Way if you get a 30 to 60% return here on a trade it’s very very good I mean you’re going to outperform you know the markets on most years so you know is Casper going to go from 5 cents to you know $5 maybe but probably over a very long
Period of time but you don’t need those massive massive returns to do very well in the market you know if you can compound you know 20 to 133% returns you know every year and then hit a home run once in a while and get a you know 100 or a couple 100%
Return you do very well so that’s my targets guys for the short term obviously we’re keeping an eye on bitcoin it’s still in that critical Zone we talked about it’s not making new highs yet it’s also not not crashing it’s kind of just very quiet um did show
Some strength the past two days so it’s very nice to see once again 52 65 58 68 66 36 814 are my four price targets for the short term and we already hit number one which is 5265 so from where the current price is we’ll give you some rough percentage
Returns here so first Target would be like a five or so 5 and a half% % return that gets you to the 5265 back up to that anyways um target number two 5868 puts the price up like 17 or so% from where we’re at now 17 and a
Half% um once again 5868 Target number three would be 6636 from where we’re currently trading at now is like a 32 33% return Target number four up there at 8114 from where we’re currently trading at like I said is about a 60 61% return 60% guys it’s huge so let me
Know your thoughts down in the comments that is my thoughts on Casper it’s still in an uptrend it looks good but keep in mind we are in a very important area here one we already hit a Target so a pullback is is very normal two we’re
Dealing with a ton of overhead Supply so if the price struggles here it’s very normal to see we have a ton of overhead Supply here guys you know at some point we’ll break up back into this and hold and maybe it’s now but to see a reaction
Like we’re seeing right now is very normal so that’s my thoughts on Casper we’ll be back tried to get a video out yesterday didn’t happen but hey we’re here today so you guys have a happy New Year if I don’t catch you in another video and I’ll see you next year
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