CELRUSDT – Descending Triangle: Breakout or Breakdown?

Summary

Overall trend remains bearish since the late 2024/early 2025 peak (downtrend line in yellow).

Price is now compressed into a Descending Triangle:
– Falling resistance (yellow diagonal).
– Flat support / demand zone in 0.0074–0.0086.

Key horizontal levels (yellow dashed lines): 0.00947, 0.01213, 0.01373, 0.01591, 0.01915–0.02100, 0.02294, and higher resistance at 0.0305–0.0324.

Critical low: 0.00608.


Bullish Scenario

Catalyst:

Daily close above the downtrend line and a confirmed breakout above 0.00947, ideally supported by stronger volume.


Targets:

1. From 0.00947 → 0.01213 (TP1).


2. Next → 0.01373 (TP2) and 0.01591 (TP3).


3. If momentum continues: 0.01915–0.02100 → 0.02294 → 0.0305–0.0324 (local highs).



Invalidation: Rejection and daily close back below 0.0086 (inside triangle/demand zone).

Bearish Scenario

Catalyst:

Daily close below 0.0079 and more importantly, breakdown of the demand zone at ≤0.0074.


Targets:

Descending Triangle measured move (0.0095 − 0.0074 ≈ 0.0021) projects to ≈0.0053.

Intermediate levels: 0.00608 and ≈0.0051.

Failed retest of 0.0074–0.0079 after breakdown would strengthen the bearish case.


Invalidation: Price reclaims 0.00947 and breaks above the downtrend line.

Pattern Notes & Risk Management

Descending Triangles at strong support often trigger sharp moves once a breakout/breakdown occurs.

Beware of fakeouts near the apex (late August–early September) – wait for daily close confirmation or a retest.

Strategy: entry based on break & retest, with stop-loss outside invalidation zones (e.g. below 0.0072 for longs; above 0.0098 for shorts).

This is not financial advice – manage your own risk.

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