If you add the latest bars to your chart, you can see it dropped a little below, but then shot upwards rapidly, and is now in a nice breakout! Will be watching this closely.
jgeller
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Hey mate, could you clarify why you're doing a 5 Wave impulse movement when Celsius has been going in the opposite direction of the trend (currently moving bearish from its peak in comparison to the overall bullish trend)?
Corrections = 3 Wave correction (A, B, and C)
lucamodena
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@jgeller, Cause it's not a correction but consolidation pattern. It is extremely common to see a triangle within which you get a 5 wave price structure. Many times after the 3rd touch of the lower trendline you get a breakout to resume the major trend. All the best ;)
aaron0500
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Nice one, let’s hope it plays out. Unfortunately in crypto when people say a coin is going to go one way like this, it goes the other way . At least the fundamentals are strong here.
lucamodena
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@aaron0500, Nah, not always. In the end everything is a game of probabilities! Cheers!
WhiteNinjaOz
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@aaron0500, check out the nice breakout that's happening!
aaron0500
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@WhiteNinjaOz, yep, it's great. lets see if we make an ATH. It was quite funny as last week everyone was saying its broken down and to sell lol.