Fomophobe

Descending Triangle on CEL/USD Daily Chart

Long
BITFINEX:CELUSD   None
BITFINEX:CELUSD

Descending triangle on daily chart for CEL/USD

A descending triangle on the daily chart will eventually result in a direction either to the upside or downside. This descending triangle could take another 4 to 6 weeks to play out. In my opinion, the breakout will be to the upside given the company's business structure, social media presence, growth prospects, popularity and mass adoption of crypto assets in general. (2:3 odds)
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