CELR has formed a Cup & Handle pattern. Broke out and done with the retest.
I am placing my long orders now.
Entry: $0.04885 to $0.05022
Stop Loss: $0.04298
Accumulate the dip and book profits in the targets given above.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your...
This idea is based on channel levels and other indicators such as Fib level 2.618 and Bearish divergency seen in RSI v chart
this is just an idea not an advise! Short position with s/l above the recent highs- protect your capital
If this flag area 0.94 is break and 4 hour close above the 0.94 buy on retest and then we are going towards to 0.13 to 0.14...
If not break 0.94 then our good buy zone is 0.60 to 0.70...
Don't forget do your own research...
If you can't see a pattern here then this is not my fault !
The trend line is following the mirror reflection from the past trend since long just look into the chart carefully and you will find what is happening.
In one hour chart CELR reached a position which is signaling short condition.
If the price is able to break the resistance (which is highly unlikely keeping the conditions normal) CELR might move to next resistance level.
After last week's long conditions CELR is fallen to a mirror image of Short condition.
At the moment CELR is trading at .0299 level and smoothly following the lower resistance line. The MACD lines are showing a decline where CELR is smoothly up trending. This condition usually denotes that the market oversold and investors want to buy at a price where not much sellers are available.
If the market is kept under such a condition it explodes either...
From past history 0.02787 to 0.03043 the market goes indecisive and this indecisiveness may lead in either direction mostly influenced by BTC movement.
Currently BTC falls from anything near $39,000 and bounces back from anything near $34,000 therefore the trendline for CELR will remain somewhat in-between 0.02787 to 0.03043 limits