CELRUSDT trade ideas
CELRUSDT - UPDATE!CELRUSDT:
Price is trying to bounce from a critical support zone area and gaining some momentum.
On a higher timeframe, it is showing a pullback scenario and trying to negate its downward move. So we are expecting in the upcoming session and will target a resistance zone. Breakout level will be at 0.054 $
#CELRUSDT 4H Chart
After ranging in a downtrend respecting the resistance line perfectly, price is currently testing a major 8h demand zone. MACD is not clear, RSI is sold and EMAs are turning bearish. I am expecting to see a bullish reversal from that area as we also have a lot of liquidity resting above the resistance line which price needs to take out.
CELRUSDT LONGPossible upward movement of CELUSDT. We are at the reference of BITCOIN in a range zone, in limit zones with significant volume of negotiations. We see rejections at the bottom of the price, close to the 55 period EMA, fundamental in my strategy for the analysis of possible trend continuations. In indicators like the Squeeze Momentum we see a change in direction to alacistam accompanied by the loss of the previous bounce move to the 55 period EMA. MACD histogram and lines with a possible pattern for a buy signal. RSI with a positive slope in this zone could accompany the movement. Remember to use the stop to operate with leverage since in the daily we find a range or fall pattern and we would be in the 4-hour chart operating small sections up to previous highs.