CELRUSDT Possible Bearish Scenario
Updated
Hi Everyone,
CELER NETWORK: Price made higher highs while RSI made lower highs. Possible bearish divergence on the 1D timeframe. The yellow line could be retested. The overall price action is still in an uptrend so there is nothing to worry about. Retests are good and a good "buy the dip" opportunity.
Personally, I will go short with an appropriate stop loss as there is a high possibility that the price will drop and RSI will find support at 51-50 area. Below that, trend reversal could occur.
Happy Trading :)
CELER NETWORK: Price made higher highs while RSI made lower highs. Possible bearish divergence on the 1D timeframe. The yellow line could be retested. The overall price action is still in an uptrend so there is nothing to worry about. Retests are good and a good "buy the dip" opportunity.
Personally, I will go short with an appropriate stop loss as there is a high possibility that the price will drop and RSI will find support at 51-50 area. Below that, trend reversal could occur.
Happy Trading :)
Trade closed: target reached
Hello Traders,I have closed my short on CELR as my take profit has been hit. Wonderful profits have been made. Seems like nobody followed this trade with me but if you did many congratulations :)
Note
Wonderful trade that was. Exactly as predicted. Personally, I am not looking to open long and you know why ;)
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