🟢 CELUSDT - 12H (28.09.2022)🟢 CELUSDT
TF: 12H
Side: Long
SL: $1.31991
TP 1: $1.72060
TP 2: $1.96848
Just two targets on this one to play safe. Judging from previous wicks this thing will fly and then some.
Celsiussignals
CELUSD is supported for now. Buy if that level breaks.The Celsius Token (CELUSD) has had an extremely volatile month of August as it grew an incredible +320% to make an August 15 High exactly on the December 31 2021 Resistance, followed by a massive correction below the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) that nearly touched the Higher Lows trend-line of the June 13 market Low.
Since that amazing rebound broken even the 1W MA50 (red trend-line), which along with the 1D MA200 have been untouched since 2021, we can claim that the market against all fundamental odds, may be finding buyers, entering a new Bull Phase. With the MACD on the 1W time-frame also on Higher Lows, this may be another opportunity for immense short-term gains.
However it may be best to buy only after the 1D MA200, as a bullish break-out confirmation level, as it was that level that really made the August rally so aggressive.
Check how we caught that bullish break-out signal on our last idea on August 09:
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CELUSD broke the 1D MA200, first time since last September!The Celsius Token (CELUSD) broke today above its 1D MA200 (orange trend-line) for the first time since September 07 2021. It is important to see the price close above that level too, as technically a lot of investors could take profits aggressively here. In that case, expect a pull-back to the 1D MA50 (blue trend-line) and sustainable trading within the Channel Up that started after the June 13 Low.
A closing above the 1D MA200 though, should be enough to catapult the price towards the Resistance Zone of February - March 2022. It would be best to take a short-term buy break approach and target the upper Fibonacci levels (1.382, 1.5, 1.618). At the same time, the MACD on the 1W time-frame is way past its May/ June oversold state, at the highest levels since July 04 2021, giving a strong indication that the Bear Cycle is over.
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