Hi friends hope you are well, and welcome to the new update on Celer Network (CELR) token.
Reached the resistance of a channel:
On daily time frame, CELER has reached the resistance of a long-term channel.
Daily SMAs:
On daily time frame priceline of CELER has broken out 25 and 200 simple moving averages. Now 50 and 100 SMAs can work as strong resistances for the price action.
Broke out pennant:
On a 4-hourly time frame CELR has broken out a bearish pennant. Therefore it is possible that now it will break the 50 and 100 SMAs and also the resistance of a channel on daily time frame.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Reached the resistance of a channel:
On daily time frame, CELER has reached the resistance of a long-term channel.
Daily SMAs:
On daily time frame priceline of CELER has broken out 25 and 200 simple moving averages. Now 50 and 100 SMAs can work as strong resistances for the price action.
Broke out pennant:
On a 4-hourly time frame CELR has broken out a bearish pennant. Therefore it is possible that now it will break the 50 and 100 SMAs and also the resistance of a channel on daily time frame.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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