Celrusd
Celer Network Is Getting Ready For A BULLISH WAVE 3! CELR/BTCHello Traders,
I am looking at Celer Network/Bitcoin pair on Binance.
Elliot Wave theory shows we have just had 5 impulse waves up followed by an ABCDE correction. This completes waves 1 and 2 of a much larger Elliot Wave structure.
I am now expecting a bullish 3rd impulse wave. Using the fib extension tool I have put the 1.618, 2.618 and 3.618 extensions on the chart. I have no idea which target will be hit but I am being conservative and using the 1.618 extension as the target in this example which is roughly 215% gain on a long position. Breaking above the 1.618 extension is even further bullish confirmation and we will look for the next fib extension targets.
CELER might pull a MATICCeler is looking like it might want to pull a MATIC type move
We need to break above support and hold this level before we can target the higher levels outlined on the chart
A fail here, would lead to the demand zone below and possible failure there back into price discovery
CERL/BTC BULLS ON THE WAY (RETEST SUPPORT - MINIMUM GAIN 50%I m very attracted to this new coin launched on 25.03.2019. The whitepaper looks great, the team it s one of the best and the coin didn”t drop too low like other coins launched on binance launchpad.
For now, another volume raise will skyrocket the price of CELR.
The actual support it”s at 465 satoshis (0,02$), and the resistance at 600 satoshis.
A wave of 250 bitcoins will surge the price up.
I trust very much this coin and I”m sure that in two-three days will be atleast up to 650 sats.
It s one of my favourite coins in the market right now, and for sure it”s a hot prospect for the future.
LONG CELR @575$CELR looking good around 570 range.
> Volume declining while price rising, meaning offer is getting dry.
> Price reclaimed previous m30-h1 resistence, where demand showed up.
> Quick price recuperation after the dip. (demand)
> 547 is the SL price.
> 666 is the target.
