$CELH
Added 2024-07-05 07:47:48 +0000 UTCI think a number of members are keen to jump back in here or add to their positions, the $50 level at the 0.5 Fib has not been tested yet but it has come very close at $52.
Since then, the price bounced and tried to test the 0.38 Fib at $62 but was unsuccessful, so we do not have any confirmation yet that the reversal is on and $52 was the bottom.
That being said, the RSI is showing that potentially it is and there is a trend out of the oversold territory and the price is above RSI 30 now.....likewise, the MACD is showing a bullish cross too.
So sellers may have dried up but we need to see a series of higher highs and higher lows next to confirm that Wave C is complete....price getting back above the 0.38 Fib at $62 would be a strong positive signal.
