CELR/USDT : Reaching into the descending channel's lower ! BINANCE:CELRUSDT
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#CELR is moving in a descending channel and now it has reached the lower line.
Although this could be an opportunity for those who are watching for the potential dips in ALT-Coins !
You can play your strategy in two separate scenarios :
- Wait for a breakout above the current bearish order-block and buy above it, You can set your invalidation as a breakdown confirmation below the entry zone.
- Wait for a retest into the Demand zone and use partial strategy; Buy once when it reaches the last Equal low and buy the rest into the Demand zone, You can set your invalidation as a breakdown confirmation below the Demand zone.
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Attention: this isn't financial advice we are just trying to help people on their own vision.
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@Helical_Trades
CELRUSDT trade ideas
CELER , CELERUSDT 1DAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
📊 #CELERUSDT ( Celer Network )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 01.26.2022
CELRUSDT is testing the 0.618 Fibonacci levelThe price created a double bottom on the weekly support ( the red one on 0.06) and now the price is testing the 0.618 Fibonacci level.
The price could create a new higher low.
How To approach?
IF the price is going to have a breakout from the weekly resistance (0.1) we can put on our watchlist and apply our rules
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Celr Prediction! Now picture is a bit more clear! Past couple of months alt coins has been punished by BTC right and left. However I have a feeling that things may be about to change. Btc already touched down 40k once and flirting by 41-42k range at the time of writing. My personal opinion this level most likely will hold or we may see a bit of wick towards 38k then resume the bull trend towards 70k-80k. Either way current situation should be temporary. I don't expect any low 30k crashes but no one can be 100% sure.
I feel like C-bridge is one of the key element for this space and it is underpriced. It's useability and advantages over the competition clearly offers freedom and affordability so traders can move their coins between different networks within the crypto space. Daily transaction value does not lie!
Celer short callLooking at this price action unfold. Price broke a key structural level and both the 50 and 100 EMA. On the lower timeframes (1H & 4H) we can see the bulls are fighting to reclaim this support zone.
If we can hold price below it and maybe get a retest on the 4H-chart, this could be an interesting entry for a short position.
With a conservative target at $0.05 and an aggressive target at $0.04.
Would you take this?
CELRUSDT is creating a W patternThe price is ranging between weekly structures and on the daily timeframe the market created a W pattern.
At the moment the price got a rejection from its neckline, and the market is going to retest the previous resistance as new support on the 0.618 Fibonacci level.
For that reason, we avoid opening the long position below the structures, in that case below the weekly structure.
How we can approach it?
We need to see a clear breakout of the W's neckline, and successfully retest in order to apply Plancton's rules and open a new long position.
It's not enough to identify a breakout to open a position, you need to have a set of rules, for that reason we are following Plancton's rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
CELER Network 1D TA : 01.15.22 : $CELRAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.Jan.22
⚠️(DYOR)
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