Looking at CEL on the 4h, we can see it's had quite the pump the past few days. I've drawn major/minor support/resistance levels to show you best places to DCA/take profit.
Right now the 0.70 level is causing the most resistance (previous resistance Nov 10th). If we can break that level then I can see us climbing to 0.87 (previous support Nov 8th). If we can't break the 0.70 level then I'm looking for at least a retest to 0.62 for a possible double bottom or a further decline to 0.58 which is our second micro support (stemming from the areas of interest from Nov 11th-13th). If it continues to break downward then our major supports are 0.51 and 0.44 but I don't think we'll get there unless BTC has a big downturn as well.
If you enjoyed my TA or have any questions, please comment below or send me a DM :)
Right now the 0.70 level is causing the most resistance (previous resistance Nov 10th). If we can break that level then I can see us climbing to 0.87 (previous support Nov 8th). If we can't break the 0.70 level then I'm looking for at least a retest to 0.62 for a possible double bottom or a further decline to 0.58 which is our second micro support (stemming from the areas of interest from Nov 11th-13th). If it continues to break downward then our major supports are 0.51 and 0.44 but I don't think we'll get there unless BTC has a big downturn as well.
If you enjoyed my TA or have any questions, please comment below or send me a DM :)
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