Celer Network (Binance: CELRBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CELR began a wave one advance on October 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 8, and the red wave two (blue sub-waves a-b-c) correction ended on December 19. If this wave count is correct, CELR should be heading next towards the December 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Celer Network is a layer-2 scaling platform. Coin Bureau reviewed the project back in June.
(Sources: https://www.celer.network/#)How Will Celer Network Trade?
Celer Network (Binance: CELRBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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