SamSuka
The Long Investor
The Long Investor

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$CELH

$CELH has pulled back exactly to the 0.618 Fib and held support perfectly

The issue here is whether or not there are 3 waves in this pull back

On the smaller time scales it is arguably visible which is why the pull back went all the way to the 0.618 Fib and bounced strong

But right now there is a test of the 200 MA on the 1hr chart, if it offers resistance, then wait for a second pull back between the 0.5 - 0.618 Fib

Either way, a break above the 200 MA on the 1hr chart and I think there is a run up to the amber line at $35.90.

$CELH

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