CELRUSDT can reach previous high after this butterfly move
Butterfly move:
The previous Butterfly idea produced more than 189% rally so far.
Support and resistance:
On the weekly chart, after the rally the priceline has found strong support and now moving towards the next resistance level $0.0135. In the meanwhile, the price action of Celr has also broken out the 25 and 50 simple moving averages as well.
Up-channel and harmonic moves:
On the daily chart, the price action of CELER Network has formed an up-channel and forming different harmonic moves. After the formation of a Gartley move, the next Gartley formation is expected. To complete the next Gartley the SMA 200 should be broken down. The Bollinger bands is also moving up. We can also see powerful volume spikes as well.
Conclusion:
The price action of Celr token may move down to complete another bullish reversal Gartley move on the daily chart. On the weekly chart, the priceline is moving up and after breaking out the $0.0135 and $0.022 resistance levels it can easily go to the previous highest price.
The previous Butterfly idea produced more than 189% rally so far.
Support and resistance:
On the weekly chart, after the rally the priceline has found strong support and now moving towards the next resistance level $0.0135. In the meanwhile, the price action of Celr has also broken out the 25 and 50 simple moving averages as well.
Up-channel and harmonic moves:
On the daily chart, the price action of CELER Network has formed an up-channel and forming different harmonic moves. After the formation of a Gartley move, the next Gartley formation is expected. To complete the next Gartley the SMA 200 should be broken down. The Bollinger bands is also moving up. We can also see powerful volume spikes as well.
Conclusion:
The price action of Celr token may move down to complete another bullish reversal Gartley move on the daily chart. On the weekly chart, the priceline is moving up and after breaking out the $0.0135 and $0.022 resistance levels it can easily go to the previous highest price.
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