💏 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
