Celer network started working at 2018 and now it has 175 Rank in crypto market. Celer has a great fundamental. in this article i will analysis celer price
So, lets Start analysis Celer. its abbreviation is Celr and you can find celer chart by searching Celer/USDT in your exchange or tradingview. also i recommend reading about it at celer medium page.
lets have a ovierview at celer price.at 2019 celer was 0.02 dollar and after a big correction it hit 0.0008 dollar! at FEB 2020. then it raise to 0.10 dollar and it is now 0.04 dollar
celer price was range for about 680 Days. then it break range zone with a powerfull spike and new cycle started and it hit 0.10 dollar. with fall of other cryptocurrency, celer started a correction and price became 0.02 which is broken range price ceiling and did a pullback to it. 0.02 was a great price to buy celer. after that a downward trend formed and at last the price crossed it. i cant say it broke it and i will explain why.
now lets have a accurate look at where price crossed trend line.as you can see in lower picture, when price reach trend line, chandles are not powerful, they have lot of shadow. it shows that traders are not sure price has break trend line and will start a spike.
Conclusion
now a little range market above the trend line created and it has trapped between two zones that i have marked with purple in picture. if it break lower zone, it has 80% of possibility of price get 0.02 dollar and i believe 0.02 dollar is best place to buy celer and if it break upper zone, with 80% possibility of price get to 0.10$ and first TP is 0.08 dollar.
Now what to do?
if you believe of great raising in Cryptocurrency in future, you can buy now with 0.02 dollar stop loss but if you do not want to risk, you can buy after breaking lower range zone.
the reason i recommend to buy is celer has a great fundmental situation and network have good project for future.
