The cannabis employment market outlook for 2022 is a mixed bag. Although the industry is creating tens of thousands of new jobs annually, a shortage of experienced workers means finding—and […]
CELR coin price action reflects increased chances of a double bottom breakout to drive the price higher above the $0.10 mark. While blockchain can be exciting, however, it leaves a lot to be desired when it comes to the speed of transactions and efficiency. Celer Network is a cleverly designed layer-2 scale solution that allows off-chain transactions processing. The Celer platform provides rapid, easy as well as secure transactions off-chain for smart contracts and payment transactions. Let us move ahead to read about the Celer technical analysis. Past Performance of CELR CELR coin price grew more than 25% from the $0.06 mark, resulting in the double bottom pattern in the daily chart. Moreover, recent bullish candles formation indicates a reversal in the short-term downtrend. The neckline of the pattern is at $0.085, the breakout of which will mark a bullish milestone. CELR/USD Daily Chart CELR Technical Analysis The CELR Network fills a vital space in the cryptocurrency market. Its interoperability and its blockchain-agnostic design are ideal for growing DeFi communities. Users can take advantage of Celer’s features for more ROI-related opportunities, as well as, save on fees and reduce time to complete transactions. The crucial EMAs (50, 100, and 200) showcase a rise in underlying bearishness evident by the death cross in the daily chart. Moreover, the EMAs can show dynamic resistance to the increasing prices. The CELR price action indicates resistance levels at $0.10 and $0.12 above the neckline at $0.80. The support levels are at $0.60 and $0.40 which can halt a downfall if the price fails to give a bullish breakout. The RSI indicator at 51% shows a spike in the slope as it breaks above the center mark and the 14-day SMA. Moreover, the SMA takes a bullish slope and indicates a rise in bullish powers. The MACD indicator shows a reversal in the MACD and signal lines as they overcome the influence of the recent bearish crossover. The lines regain the uptrend momentum and give a bullish crossover. Therefore, the indicator showcases a bullish revolt in action. Upcoming Trend The upcoming trend in the CELR coin price seems to be bullish as the chances of the double bottom breakout increase significantly. The technical indicators and the price action suggest the breakout opportunity. However, safe traders need to be patient and wait for the price action confirmation.
The bidding war for Crown Resorts is reaching its conclusion, and Blackstone has entered into exclusive talks after upping its bid to AU$8.87bn (US$6.48bn).
The cryptocurrency market extended its gains to Thursday, with Bitcoin leading the way and most of the altcoins following suit, boosted by US inflation data. Similarly, most major altcoins extended gains and tested resistance. Curve DAO token also seems to be in an uptrend. The token at the time of writing is trading at $4.91. …
The DOGE coin price experiences a sudden jump in buying pressure and aims to break above the long coming resistance trendline. Dogecoin is an adaptation of the popular “doge” Internet meme and has an image of a Shiba Inu on its logo. The digital currency that is open source was invented by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was developed from Litecoin in December 2013. Dogecoin is different from Bitcoin’s Proof-of-Work protocol in a variety of ways. One of these is that it uses Scrypt technology. It also has an average block time of one minute, and the total supply is unlimited. Let us move ahead to read about Dogecoin technical analysis. Past Performance of DOGE DOGE coin price shows a growth of more than 15% in the past three days from the descending support trendline. The price action forms a triple white soldier pattern teasing a post-breakout bull run. Currently, the price rests near the resistance trendline of the wedge pattern, and the breakout will trigger an excellent buying opportunity. DOGE/USD Daily Chart DOGE Technical Analysis The DOGE coin price action shows a reversal in the long-coming downtrend. Moreover, the price highly influential bearish trendline weakens over time, increasing the chances of a bullish breakout. The crucial EMAs (50, 100, and 200) maintain a falling trend in the daily chart. These EMAs can act as dynamic resistance levels, and the breakout of each will generate an entry spot. The RSI indicator at 48% spikes higher from the oversold zone to touch the central mark in the daily chart. The 14-days SMA shows a trend reversal after the recent crossover. The MACD indicator shows a bullish divergence in the last two dips at the support trendline. The MACD and signal lines give a bullish crossover slightly below the zero line. In a nutshell, the DOGE price action and the technical indicators showcase a high possibility of a breakout-backed bullish rally. Therefore, safe traders can shortly find breakout entry to avoid the risk of reversal. Upcoming Trend The increasing buying pressure and the bullish price action increase the possibility of a trend reversal in the DOGE coin. The breakout of the falling wedge can reach $0.30 if the buying pressure sustains, resulting in an 80% price jump. The price action indicates resistance levels at $0.24 and $0.30 after the primary resistance at $0.20. The support levels are at $0.15 and $0.12 which can halt the reversal from the trendline.
Farmers across India rejoiced the revocation of the protection granted to the multinational giant PepsiCo, over a potato variety grown exclusively for its Lay’s Potato [...]