Celer Network formed big BAT for huge bullish reversal move
Hi, dear patrons, hope you are well and welcome to the new update on Celer Network (CELR) token.
Previously we had a nice trade of CELR:
Now on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley 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 is moved above the buying zone, but it may give us another chance to catch from this potential reversal zone.
Buy and sell targets:
Buy between: $0.0248 to $0.0148
Sell between: $0.0488 to $0.0848
Stop loss:
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.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we had a nice trade of CELR:
Now on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley 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 is moved above the buying zone, but it may give us another chance to catch from this potential reversal zone.
Buy and sell targets:
Buy between: $0.0248 to $0.0148
Sell between: $0.0488 to $0.0848
Stop loss:
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.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.