Falling channel pattern in Celsius

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* Celsius is moving within the 2 major trend line forming a Falling channel pattern, with upper trend-line as it's resistance defending the series of lower-highs ( LH ) and lower trend-line supporting the series of lower lows ( LL ).
* It is now in a consolidation near it's major resistance and a neckline ( support ) around $5.700.
* If it breaks the neckline of $5.700 we can expect a drop till $5.200.
* In order to move in a bullish direction Celsius needs to break the upper trend-line.

Feragatname

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