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CELRUSDT

CELRUSDT at a key level!Hey guys, As you asked about CELRUSDT, based on the chart, price reached a major resistance area an actually there is nothing to do right now because we have 2 different scenario at the moment: 1. rejection of price from this level (or even a false breakout): It may lead the price to drop on specified areas. (probably 0.043 ) 2. Breaking this area successfully: We would wait for the pull back and the next target would be 0.095 ----------------------------------------------------------------------------- But let's see what's happening on the chart right now: 1. An uptrend channel is broken to the upside ( Bullish ) 2. Price reached a major resistance area + 0.618 Fibonacci ( Bearish ) 3. We have a divergence on RSI(14) ( Bearish ) --------------------------------------------------------------------------- So comparing these 3 states, I have bearish bias, but still we need more proofs. It was my view about the market and I would be thankful if you share your idea about this post, Bullish or Bearish? and Why? Good Luck
by Brian_Philips
8
When to buy CELR? CELRUSDT$CELR definitely got the best buying spot here, with this strong supporting trendline since the bottom. Even during a BTC crash in August 2021, it still able to trade above Tenkan-sen, it looks to break the previous resistance of 0.05191, which was the previous shadow of kijun-sen on a daily timeframe, although its been testing multiple time, it might break this $0.05191 level to meet $0.05882, which is like a 30% profit if rose up from the current price. A break above that would meet $0.06778, but the blue line seems to be a thick resistance due to its past S/R flipped.
Long
by Khobi7