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CSPRUSD Close to a major bullish break-out!

CRYPTO:CSPRUSD   Casper
Casper (CSPRUSD) broke today above the Lower Highs trend-line that has been in effect since late December 2021. This is the Resistance level that suppressed the price action throughout the whole Bear Cycle. If it manages to close the candle above it, preferably the weekly, it will be a major bullish development with confirmation coming when the price breaks above the 1W MA50 (red trend-line).

Right now we are on the ultimate Resistance cluster as the 1D RSI is also struggling on the Resistance Zone that is holding since March 31 2022. A Triple Top there would delay the upside for a month or so, but since the price is trading on Higher Lows (since the June 18 market bottom), it is a matter of time before Casper breaks upwards.

As you see, the Fibonacci retracement levels fit almost perfectly with Support/ Resistance levels during the downtrend of the Bear Cycle, and can provide us with a guide as targets on the new Bull Cycle.

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