4h closing inside Ichimoku cloud, upside seems imminent with first target at 0.00630. In the past this coins smashed thought this kind of resistance on the 4h so much higher target is also possible.
Trade active:
Looks like its on the way to 0.00630. The plan here is close at this level. Two possible way forward for this trade:
A. If a candle closes above top of the Ichimoku cloud I will set orders in the range 0.00630-0.00645 and ride to 0.00749
B. If price rejects 0.00630 I will re-enter 0.00591 (4h supports) and see how price reacts on the re-test of 0.00630.
A. If a candle closes above top of the Ichimoku cloud I will set orders in the range 0.00630-0.00645 and ride to 0.00749
B. If price rejects 0.00630 I will re-enter 0.00591 (4h supports) and see how price reacts on the re-test of 0.00630.
Comment:
Finding support on the bottom of 4h ichimoku, stop loss set as per trade idea.
Trade active:
safe for now CELR should rally, BTC bear trap in play scared all alts.
Trade closed: target reached:
Perfect touch 0.00633. Really strange timing for CELR to rally when alts in the sea of red, but I take it.
Comment:
4h Stoch crossed up, clearly above 4h ICHIMOKU cloud, now support is 0.00570. Have to Switch to daily for another up targets. Targets on a daily 0.00806 (tenkan line), 0.01 (bottom ichi) and 0.015 (top ichi). Do I think it gets there? Current level 0.00630 is a hurdle (also top of KC on a daily) which I don't see to be taken so easily, but if BTC and other alts bounce 0.00806 is in sight).
Comment:
Re-entering 0.00591 (50%) and 0.00574 (50%).
Trade active:
First re-entry hit. Looking for a re-test 0.00630 at least.
Trade active:
100% entered average 0.00582. My theory is CELR going up today as the team knows there is going to be some positive news coming out. They may even allow to dip it below 0.0057 but will buy back with vengeance. I might be wrong but already made 15% on this trade so I may risk 3-5% and close if it both opens and closes below 0.0057 on the 4 h.
Trade closed: stop reached:
0.00540 closed