CELRUSDT.P trade ideas
CELR TO 0.1 USDT Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the world’s first Generalized State Channel Network and continues to push the frontier of layer2 scaling with advanced Rollup technology. Applications and middlewares like CelerX, cBridge, layer2.finance and more built on Celer have attracted more than one million users in the gaming, DeFi and blockchain interoperability space.
CELRUSDT Might ExplodeAt the moment CELR is trading at .0299 level and smoothly following the lower resistance line. The MACD lines are showing a decline where CELR is smoothly up trending. This condition usually denotes that the market oversold and investors want to buy at a price where not much sellers are available.
If the market is kept under such a condition it explodes either way, the usual pattern is is MACD is downwards market explodes upwards and voice versa.
This is only an analysis and not a financial advice.
CELR has broken out the wedgeBroke out the wedge:
Since March 2021 the price action of CELR was moving in a falling wedge pattern. Recently after getting bounced on 20th of July it has broken out the resistance of this falling wedge. Now the priceline is moving down to re-test the previous resistance as support. Once it will confirm this break out then the next move can be up to the tail of this wedge pattern which is approximately at $0.09.
Different support and resistance levels:
In the month of March 2021, when the price action started moving down then it broke down several support levels. Now all these support levels are working as resistance levels for the price action of Celr. Recently the priceline has bounced from $0.02 support level and broke out the next assistance of 3 cents. Now it is retesting the previous resistance and in case of a successful re-test it can move up to break out the next resistance levels. We have the next resistance levels $0.04, $0.05, $0.06, $0.07, $0.08 and $0.095 respectively.
Big harmonic move:
On the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There are also 50 simple moving average support in the buying zone and 100 SMA below this level. After completion of the final leg the price action is moved above the buying zone.
Conclusion:
Even though there are so many resistance levels above the price action, however, after the break out from the wedge pattern if the priceline will move to hit the target of this wedge which is in fact the tail of the wedge then it can easily break out all the resistance level and reach the final resistance at $0.095.
CELRUSDTPerPetual - Binance (Magical corelation)This happens frequently in trading world that a trend copies its own mirror reflection.
Look at the chart and you will know the magical correlation.
CELRUSDTCELR/USDT
Forming a head and shoulders art form The neck has been formed We are in the best entry point
💰Login/ (0.31-0.32)
🎯 target/
(0.38)🥇
(0.41)🥈
🚫Stop Loss/0.27
CELR// Nice Short OR BreakoutWaiting for the daily close and some lower time frame indication of a possible break out or downtrend continuation.
Ideally want to long AFTER the pull back and retest - given we find strong support. Only then should you look to enter.
If price stalls out at the current level, I will consider placing a small bet short with a tight stop just above the daily high.
**Price has wicked up and close within the trendline quite a few times below. Best to exercise paitence to see what happens...OR yolo it and long resistance in hopes a whale manipulates the price and traps late buyers.
CELR Breakout! 🔥💥⚡CELER finally managed to break a long-term downtrend and get ready to move towards the goals drawn in the chart.
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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CELRUSDT BuyHello Traders!
CELRUSD was strong bearish but now it is at the reversal point. This reversal pressure can push it to 0.0255.
I am expecting a more than 13% rise in Celrusd.
I am risking 4% for a 13% gain in profits.
Don't forget to hit the like button and follow to stay connected
This Is Why The Celer Network (CELR) Can Be The Biggest GainerFalling wedge:
Since March 2021, on the daily time frame chart, the price action of the Celer network is floating in the falling wedge pattern. It was moving between the resistance and support of this pattern very well but after testing the support on 22nd June, the price action of CELR is moving directionless without hitting the support or resistance of this wedge pattern.
Big BAT:
If we take a look at the weekly time frame chart, then it gives us the clue that the priceline of BTC this time will not reach the support. Because in the long-term it has formed a very big bullish harmonic BAT pattern. There is also 50 simple moving average support in the buying zone and 100 SMA below this level. After completion of the final leg the price action was moved above the buying zone, but this time it has again entered the potential reversal zone. As per the Fibonacci sequence the buy and sell targets of this BAT pattern can be:
Buy between: $0.0248 to $0.0148
Sell between: $0.0488 to $0.0848
The buying zone is 40% wide therefore, we can use 50 SMA as stop loss. Breaking down this SMA will be difficult for the priceline.
Conclusion:
Even though the price action is moving directionless for the past several days in the falling wedge pattern. However, the falling wedge is considered as a bullish reversal pattern among the trader's community. At the same time, the bullish harmonic BAT formation is giving us another confirmation, that the price action will break out the resistance of the falling wedge and it can lead to a big rally soon.
CELR testing the support zone CELR is now at the major support zone. The next resistance area is $0.0294-$0.0298 and $0.0335-$0.034. This is a good risk and reward trade. Expecting a good bounce from the support zone.
Buy Zone: $0.0248 - $0.0253
Target: $0.0271 - $0.0294 - $0.0334 - $0.0378 - $0.0415 - $0.0463 - $0.0513 - $0.055
CELR - Daily - "Decent Swing Trade"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Accumulation spotted on this asset; started around 7/27/2021
2.) Within a descending triangle at this time. Probably a fake out in my opinion.
3.) Estimating it will be ready to go mid August.
➡️Fundamental Standpoint⬅️
1.) As of 7/6/21: twitter.com
➡️Current Season⬅️
- 6/14 confirmations for BTC, ETH, and large cap season
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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ TD Sequential (TDS): tradetrekker.wordpress.com
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
- Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation.
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///🎉🎉🎉Before You Go🎉🎉🎉///
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CELR > Moving in a Channel > Buy Opportunity?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of CELR .
According to my technical analysis, the Celer Network coin is moving in a channel and now, it is time for a pullback.
"My analysis is valid until We don't see a breakout from Channel"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
