$CELH
Added 2024-07-29 12:30:09 +0000 UTCSome early signs that the selling pressure has eased here and the price action is back above the yellow support line now in the PM but the big test coming up will be recapturing the $50 level on the 0.618 Fib, this is not a buy for me until $50 can be converted to support.
The risk of the price rejecting at $50 and moving down to the 0.618 Fib at $38 still exist.
The very obvious concern here is the 50 and 200 Day MA about to complete a death cross this week too....but this is a lagging indicator.
Have it on your watchlist but wait for support to be found I think.
