Celer Network / TetherUS

ðŸ”Ĩ CELR Horizontal Channel: Potential Break Out

1â€Ŋ376
CELR has been trading inside a horizontal channel for several weeks now. It appears that big investors are either distributing their tokens or accumulating them for the next move.

Looking at the state of the market, I'd wager that the current bullish push from CELR will take this token outside of the horizontal channel. In this bullish scenario, $0.06 is my first target.

On the other hand, it could also happen that CELR will bounce off the resistance and fall back to the support area.

Happy trading!

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