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CELRBTC

CELR/BTC (Pullback To Key Support?)CELR/BTC -Celer network made another Higher High after breaking the 89 sat recent top -We can see good volume during its daily uptrend -Currently, the price is struggling to move higher -If this will be the temporary top, it might be ready for a pullback -Potential key support is located at 75 sat range -If recent uptrend will repeat its self, 75 sat area needs to watch carefully -Because once the price touches that level and confirms support -Celer might run up again with 60% potential profit
by PolarHusk
3
Long-Term CELR TradeIntroduction Date: 01/07/20 Time: 11:00 AEST Topic: Yearly-Term Trade - Bullish - CELR Forecast: A drop down to about 35ish sats where some Daily & Weekly Support has been found, before reversing and gearing up for another run Summary I see a yearly trade on CELR appearing with numerous software which I utilise bringing it to my attention. With some basic TA, I do see having a real go in the future. Firstly, abit of background on the coin. ‘Celer Network (CELR) is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics’. Ever since its release in March 2019, CELR had been (like most alts) on a massive downtrend, going from about 615sats all the way down to a bottom of 21sats. On the way down it did stop numerous times, creating weekly zones of support. Having found a bottom at 21sats it ranged between 21 and 26sats for a period of 2months before breaking out and going on a run back up to 50sats. Since early April, volume has been steadily increasing supporting the breakout and is now slowly tapering off. I can see a possible inverse head-and-shoulders playing out, with the neckline being around 44sats. Combine this with Fibonacci (I took the bodies of the candles) of the small breakout we had (21 – 44), we have the 61.8 retracement being at 35sats. This coincides with the peak of the left shoulder. With volume on the decline and it is retracing, I believe it could complete the inverse head-and-shoulders furthermore pointing to a 35ish sat entry. About Me: Starting off as a typical retail investor, I entered the trading space in 2017 and proceeded to buy bitcoin as it was going up thinking the moon was the limit. Safe to say I was wrong and learnt very quickly that 'What goes up, must also come down at some point'. Since then I did a proper trading course where I learnt the art of Technical Analysis and have never looked back. Increasing my knowledge from reading a tonne of books, listening to podcasts as well as reading and researching other traders has really benefited my trading skills and style. I am a now a full-time cryptotrader at one of the first firms specialising in cryptocurrencies. I am also a coach, teach and mentor to other like-minded individuals who want to succeed within the trading space. If you want to learn more about TA, trading and be financially independent, then let me know and I will help you get there! Financial Disclaimer: I am not a registered broker/analyst/investment adviser. The information contained within this post is general/educational information only, not financial advice and should not be treated as such. Trading and investing in Forex, Stocks, Commodities and Cryptocurrencies involves high risk, and is not recommended if you are not a trained investor, who has conducted proper research and training. Viewers are responsible for how they use this information and I am not responsible for any losses incurred as a result of the information provided. Please consider carefully whether trading is suitable for you, given your current circumstances, financial situation and knowledge. BINANCE:CELRBTC
Long
by OllyBakker
is CELRBTC the next Elrond? is 300% in the making?Celer has broken a lot of big resistances and last one was 55. After that one there is one more left in my opinion it is 65. If it happens clear way to 78 . By the way, 'imho' bitcoin dominance is printing a bear flag right now. So i am expecting one or two more month of altcoin growth. other targets are ; I. 93 II. 115 III. 151 entry: 61 or wait for 65 concured. Stoploss:54 it is a %12 loss risk which is not the best but i beleive this stop point is necessary. Reward is at least %27 at 78 so R:R 1/2.25 at 93, reward is %52 and R:R 1/4.33 Lets see if it works. Wish me luck :)
Long
by BilimNehri
1
$CELR will turn parabolic when 200EMA is crossedCELR is testing the resistance, if 200EMA if flipped, it will turn parabolic and hit 80 sats and followed by 300 sats. CELR is binance IEO and it has the similar chart as $FET. $FET went from 300 sats to 618 (as of right now) without any retracement. I am expecting CELR to do well once the resistance is crossed. Fundamentals • 2020 Q3 - Celer Network cEconomy upgrades - Celer Staking - Celer Network sidechain Mainnet 1.0 - More Partnerships • 2020 Q4 ~ - Celer Network sidechain Mainnet 2.0 - Launch of CelerX mobile app This Sidechain Mainnet 1.0 is the one which I am looking at for Now, and expecting a good growth #HODL
by Garymatt8
CELER TETHER ⚠️ Can CELR's Bull Run Continue After a Pullback?💬 Celer (CELR) was red hot when it first IEO'd on Binance. It looks like the Celer love is back after a MainNet update and some bullish price action. Can this bad boy of Binance bust out of its overhead resistance, or is it back to cellar for this one? Let's take a look at some levels to find out. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 S/R Flip and continuation range is our primary support and where the bulls will want to defend price. As long as we stay at S1 or above, it is only a matter of time before resistance is tested. Bulls just need to rally enough here to break the cycle of lower highs and show the world that the current bullish price action isn't just a continuation of the longer timeframe bear trend. Resistance: R1: The R1 bearish orderblock and major pivot point formed from the previous high before the COVID crash is the first major resistance Celer bulls have to face. A rejection here could lead to a retest of S1, so that is something to watch out for. R2: The R2 S/R flip is the major resistance. This level saw some significant price action back in 2019 and is likely to see a reaction again. R2 makes a great target for swing trading bulls, but that doesn't mean CELR can't go further, perhaps by turning this old support level back into support.... we'll have to see when we get there. ----- Summary: There is every reason to be bullish on CELR here if the bulls can stay above S1 and break the cycle of lower highs. Even if the bears manage to defend R1 or R2, there are gains to be had in the meantime. Good luck people and make sure to manage risk accordingly to your own strategy! Resources: blog.celer.network ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
2