Celr
CELR 100% move incoming CELR has one of the most beautiful charts I have seen in a long time , its a monster and right now its getting ready for its next big move to 0.25. We have been in a descending wedge for 44 days and finally today we have broken it ,following very similar pattern from the last two major moves.
This TA is invalided with any daily close under 0.10 , I found this coin on by bit randomly since they added so many alt coins , never heard of it before don't know anything about the blockchain but if you just take one look at the coins structure and growth over one year you just know this coin's destination is up!
CELR broke out falling wedge potential to increase 150%#CELRUSDT
$CELR broke out from falling wedge pattern and now try to confirm broken resistance as support.
there is a long term support zone between $0.104 and $0.086 that if price hold this zone and break out from resistance zone around $0.15567, we will see #CELR to touch $0.26 and $0.29.
#CELRUSDT 4H Chart
As predicted a couple of days ago, price moved all the way up to the 4h supply zone missing it by a few cents but filling the imbalance. We see price wicking up and down taking out huge liquidity from retail traders. MACD is slowly turning bearish, but EMA's and RSI are still bullish. Mixed feeling in all the market so let's wait for more confirmation. Price is currently testing from the support level at around $1.28, if price drops and breaks the previous low, it could be heading all the way down to EQL (equal lows) where liquidity is resting before moving up again.
Celer continuing?Celr has made a nice move up over the past months. Fundamentally I believe this project has some value as well.
From a technical standpoint we can see a falling wedge, which is always a bullish signal in a bull market and thus likely to break upwards. Last touch of the lower line of the wedge coincided perfectly with our determined support zone and saw a big bullish candle afterwards.
I'm now waiting for a breakout of the wedge, a retest and then I can enter the trade. With a stop loss below the most recent swing low and a target at the -0.382 FIB level.
Are you hodling 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