Time to open short position 4 hour tf has already got into over bought are (stochastic)
Considering the downtrend price has hit the upper band of bollinger .
Stop loss :39000
Tp 29800
Seems like they don't want to save LRC presumably they want to liquidate all those long position on LRC. be cautious the 4 hour time frame made a good movement which could be continued even by following btc. But changed the direction which is suspicious.
I think it's time to go short on celer
Tp 0.07800
Considering 4h time frame there is no power for uptrend continuation
A retest to 0.078 is necessary in my perspective
Seemingly this week btc would make a bullish candle on weekly chart .
tp would be around 50-52 k area.
When the right shoulder of the pattern is completed the price might fall to 30k .
This is not a financial advice. Always trade on your own decisions.
In my opinion Celer network may hit the dynamic trendline once again for a strong bullish start , we must also observe btc daily chart if the head and shoulder pattern shapes (price breaking below the neckline )celer might dump dramatically.
Happy new year and trading .
BINANCE:BTCUSDT
We need to wait for the price to break out of the ema 50 which is a strong support, then in my opinion, bullish trend continues to reach ath again.
