CELUSD is supported for now. Buy if that level breaks.

FTX:CELUSD   Celsius Token
The Celsius Token (CELUSD) has had an extremely volatile month of August as it grew an incredible +320% to make an August 15 High exactly on the December 31 2021 Resistance, followed by a massive correction below the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) that nearly touched the Higher Lows trend-line of the June 13 market Low.

Since that amazing rebound broken even the 1W MA50 (red trend-line), which along with the 1D MA200 have been untouched since 2021, we can claim that the market against all fundamental odds, may be finding buyers, entering a new Bull Phase. With the MACD on the 1W time-frame also on Higher Lows, this may be another opportunity for immense short-term gains.

However it may be best to buy only after the 1D MA200, as a bullish break-out confirmation level, as it was that level that really made the August rally so aggressive.

Check how we caught that bullish break-out signal on our last idea on August 09:


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