Celer Network is setting up fora perfect double bottom that could work very nicely in confluence with a flip of the SuperTrend. If Celr can flip the resistance on top of this double bottom pattern then we will see uptrend started with 0.1 being a nice first target.
I have covered the BTC pair before but that is looking really nice right now. Target initially is...
Celer against the BTC pair looks great! We've had a breakout of the falling wedge after a deviation under the old ATH breakout from August 2021.
Once 180-185 is broken I expect a move to 250 before a retrace. We may retrace before punching through as 180-185 is fairly tough resistance being the POB and the Daily Supertrend.
Overall, looks great for move higher...
SRM has seen a huge selloff since September. Barely bouncing at all on the way down, its been relentless. BUT, I believe the trend is close to flipping green.
I expect the resistance to be broken and a double Botton to form along with a super trend flip. This should see nice relief Q1 22.
Sovryn had a pretty poor performance in 2021 after a strong initial launch. Although they have carried on building the price has just continued to retreat even after a large pump midyear. I did expect that to be the bottom however it continued to drop and sits at ATL and equal lows on the BTC pair.
I do expect SOV to be building a bottom here and sit in...
Looks to me as if we have started a new trend. On-chain was pointing towards accumulation rather than distribution and we broke out of the defending wedge that may have marked the bottom.
If 52k order block is broken then we have confirmation of a trend shift.
I expect Link to make progress against BTC in 2022 if it can reclaim the red line and create a base. If this 1.5 year downtrend breaks we can expect a move higher but I think ATH's may be out of the question in 2022.
Expect to hit the midrange target.
If Celer can reclaim the range and close a weekly candle above 159/168 then we should head back to the midrange at ~270. I'd expect a reaction there and a move to range high within a couple of months.
If the range high and ATH is broken the I expect a swift move to 1.618 at ~670.
Alternatively a rejection of this range would likely take us down to weekly support at 105.
