$CELH continues to search for support and has not held the blue line but we can see that the price is testing the 0.78 Fib instead now at $22.
As we know, any Fib test below the 0.618 Fib is a sign of weakness but it does not mean that the corrective 3 Wave is not still valid, it means that support still needs to be confirmed.
Losing $22 and the last Fib support level is the 0.887 Fib at $12, which was also the Wave 2 support level from 2022.
Entry should not be made until support is confirmed.
TommyJR
2025-02-07 02:36:23 +0000 UTCok
2025-02-06 08:11:39 +0000 UTCLaxman Bista
2025-02-06 02:16:35 +0000 UTCAdil Dhanani
2025-02-06 01:26:12 +0000 UTCStevieV22
2025-02-05 22:15:15 +0000 UTCNick E
2025-02-05 21:13:42 +0000 UTCkenv
2025-02-05 20:42:45 +0000 UTC