CELH - Reversal Signs?

4 Ara

Yesterday's strong reaction at what was setting up to be a strong buy area for buyers was further confirmation of this chart setting up for a reversal - at least in the short term.

While the upside is clear here, we do have a ton of work to do to overpower sellers at the established HTF supply zones above. Expect a continuation toward $31 supply if we can flip this most recent resistance into support and a buy zone.

Although I prefer videos to allow for a deeper and more extended multi-time-frame analysis, this is the simplicity of what we look for sometimes.
Ideal entry would have been yesterday when we entered and saw a strong reaction at our pre-identified demand zone below but if missed, further confirmation will be the flip of this upcoming zone.

Happy Trading :)

4 Ara

İşlem aktif

We successfully broke through the LTF supply that we identified as a flip zone - after breaking through and returning to that zone, now turned bullish, we saw strong bullish volume indicating that this is in fact a zone being flipped into support. We now need to build a strong enough resistance above in order to break and utilize that bearish turned bullish liquidity into a larger more sustained move up