Welp, CELR jumped the gun and is already headed to the moon without you.
This candle is super bullish but I also expect a drawdown.
If it finds support on top of that falling wedge we're likely headed to the first target which is that solid red line.
If it falls below the top line of that falling wedge, I would expect it to continue down the wedge for a more timely breakout like I expected as indicated by the yellow arrow I drew a few days ago.
First target is solid red line.
Next target is dotted red line, which makes up the resistance of a larger bearish rising wedge. Probability says it will be rejected here and break down out of the bearish wedge, but cryptos everywhere have been breaking out of bearish patterns so we'll see!
There is a line of resistance even higher which is the top line of a large raising channel. That is a stretch target at $1.50-$2.00'ish. A lot can happen between now and then though.
NFA.
This candle is super bullish but I also expect a drawdown.
If it finds support on top of that falling wedge we're likely headed to the first target which is that solid red line.
If it falls below the top line of that falling wedge, I would expect it to continue down the wedge for a more timely breakout like I expected as indicated by the yellow arrow I drew a few days ago.
First target is solid red line.
Next target is dotted red line, which makes up the resistance of a larger bearish rising wedge. Probability says it will be rejected here and break down out of the bearish wedge, but cryptos everywhere have been breaking out of bearish patterns so we'll see!
There is a line of resistance even higher which is the top line of a large raising channel. That is a stretch target at $1.50-$2.00'ish. A lot can happen between now and then though.
NFA.
Comment:
Beautiful.