Falling channel pattern in Celsius
* Celsius is moving within the 2 major trend line forming a Falling channel pattern, with upper trend-line as it's resistance defending the series of lower-highs ( LH ) and lower trend-line supporting the series of lower lows ( LL ).
* It is now in a consolidation near it's major resistance and a neckline ( support ) around $5.700.
* If it breaks the neckline of $5.700 we can expect a drop till $5.200.
* In order to move in a bullish direction Celsius needs to break the upper trend-line.
* It is now in a consolidation near it's major resistance and a neckline ( support ) around $5.700.
* If it breaks the neckline of $5.700 we can expect a drop till $5.200.
* In order to move in a bullish direction Celsius needs to break the upper trend-line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.