✳️ Celer Network 535% Repeating W Pattern

Easy to spot pattern is the rounded bottom or the triangular bottom, as in an inverted triangle.

Looking at Celer Network (CELRBTC), we have a long-term w pattern in 2020; the pattern takes several months to develop. Then we have another w pattern but smaller version in late 2023 and early 2024.

We take these patterns as bottom signal.

Looking at the right hand side of the chart and the small w pattern, notice how the trading volume is ultra low. We have a multi-year low yet low volume. The RSI is strong.

This means that the trend that has been ongoing is over and change is coming.
If the downtrend were to continue, we would see high trading volume on the bearish side as well as a weak RSI and lower lows.

Knowing that the trend is over we can look up and up we go!

This is the easy part because the potential is so high we don't have to focus on the target instead just on the fact that prices are going up. Once you have a good entry, it is fun to see prices grow because as the pairs grow your money grows. At this stage in the current market phase; thank you! Buy and hold!

Namaste.