Celr
💏 CELR at 0.5FIB/100EMA/ATH from MarchOn 26th of September the price formed new all time high (0.19870). There was not enough buying pressure to hold 0.12709 level (previous ath) and so the price went lower and is now testing the level of highs from March 2021 as support. If this time buyers manage to push the price above the local dynamic resistance, we can expect more pressure to the upside, potentially to new all time highs. There's a strong confluence that indicates that the local bottom was reached:
- 0.10397 level (high from 03/21)
- dynamic support (green)
- 100EMA
- 0.5 FIB retracement
Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode.
Entry: buy now (current price) -- or buy at key level -- or buy once the local dynamic resistance is broken and 0.12709 claimed on a first given pullback (if given)
Targets (will be adjusted later):
0.127
0.161
0.198
0.218
0.248
0.258
0.287(~170%)
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About CELR:
As exciting as blockchain is, it can leave much to be desired with transaction speeds and throughput. The Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transactions handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts. The project was among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. As to the overall goal of the network, its founders envisioned unleashing the full potential of blockchain and revolutionizing Dapps with more efficient and productive outputs.
Source: coinmarketcap
CELRUSDT Bull is ready to run!CELRUSDT (Day Chart) Technical Analysis Update
CELR/USDT currently trading at $0.118
In the above chart, you can see bullish flag pattern forming and previous ATH resistance act as major support, 100 EMA act as good support.
Buy level: $0.105 - $0.120
TP 1: $0.155
TP 2: $0.195
TP 3: $0.25
TP 4: $0.35
Stop loss: $0.076
Max Leverage: 1x or buy it on the spot market
Always Keep stoploss
Building momentum for a move upwardSupport around $0.12 shown to be strong before. retested the support, ready for a move upwards.
EMA 50 acting as a strong support. In my opinion this is a great entry point, other good entry points would be $0.1 and $0.08 but you might not get that chance.
Also the price has been decreasing while volume did not increase, which means bulls are standing by and price action could turn around any time now.
Good Luck!
CELR Breakout! 🔥💥⚡It's time to buy Celer again. $CELR has broken a downtrend and is ready to move towards his higher goals. The 20 cents target is suitable for the short term. The loss limit is not at 13.4.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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#DYOR