Weekly
Looking at our highest timeframe we can see CEL has not been involved in a bull market. Price action showing we are respecting our bullish channel, resistance at 2500 satoshis. Stochastic RSI showing momentum is in favor of the bulls however it does seem to be slowing down. Weekly support is shown at 2200 and 2000 satoshis. A rejection from 2500 and we should be seeing a sell-off to 2000; a look at our smaller timeframes will give us a better idea.
Daily
Shifting over to our pattern timeframe we get a better picture of our minor uptrend starting from April 11th. Stochastic RSI showing bearish momentum has bottomed out and it continuing to the upside. A daily bullish engulfing confirms support has been found and we will continue to the upside. Resistance at 2750 satoshis, followed by dynamic resistance at 3500 satoshis. Rejection from this level and expect a sell-off to 2000.
Daily
