Celer Network (CELR) / USD - Hidden Bullish Divergence

2020年12月16日

Following a near 70% correction since mid-August and oversold condition (orange column), the above 2-day chart is now indicating a reversal in price action is very probable.

On the same chart above there is Hidden bullish divergence between price action and the oscillators that follows a regular bullish divergence. In addition volume is seen to be increasing alongside the divergence.

Looking left on the on the 4-day chart below previous price action resistance is broken as the above hidden bullish divergence forms - very bullish.

1st target 16 cents / 200%

2021年1月1日

交易進行

Price action drop to support, tested, and was confirmed.

2021年1月5日

交易進行

Hidden bullish divergence confirmed. Price action breaks through the 300-day moving average (green line).

2021年1月15日

交易進行

First price action crosses through the 2-day 300-day moving average and then finds support on it - very bullish!

2021年1月18日

交易進行

What an amazing close to the week. Why? A long tailed Dragonfly DOJI printed on the weekly chart below with price action on both the 21-week and 50-week moving averages. As good as it gets - expecting a strong move to the upside from here.

2021年1月27日

註釋

Price action finds strong support on the 600-day moving average (Red line) - very bullish.

2021年1月30日

註釋

10-day chart looks amazing

2021年2月8日

交易進行

Price action breaks out of 600-day long resistance on the weekly (circled in orange). Price action resistance is in discovery mode once the previous high @ 2 cents is reached.

2021年3月15日

註釋

1100% in under 3-months. Take that BTC.

Price action is becoming overbought as shown on the daily chart below. Sure price action could increase further however probability is no longer on your side.

2021年4月27日

交易進行

Very nice support off the 21-week EMA (yellow line) while RSI support is respected.

Keep holding.

2021年6月13日

註釋

Look for long entries between 2 to 2.5 cents (circled in Green).

This next wave up will be the last before 1-3 months of correction.

2021年7月19日

交易進行

Arrived at 2 / 2.5 cents, very probable price action is now at the end of wave 4

On the 2-day chart below price lands on the 200-day EMA - look left.
(remember 2-day chart so really 400 days)

2021年9月16日

交易進行

Now up 2000% - awesome. Wave 4 support was bang on (see above).

Currently in wave 5 - where is the top? No idea but if you're sitting on 2000% of gain you should certainly be taking the initial investment off the table.

2021年9月16日

註釋

one possible area to look for a top is around 30 to 40 cents.

2021年10月25日

註釋

Be very careful if you're still long on this one. Bearish divergence is very evident.

Can price action keep moving up? Sure.

Is it probable? No. A 'great sell' alert is now printing on the weekly in line with the divergence.