CELOUSDT (CELO) - BULLISH UPDATE
ANALYSIS 🔎
- This is an update on my previous analysis on CELOUSDT that got invalidated.
- CELOUSDT has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price hit a swing high and retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
- Breakout above the descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
- This is an update on my previous analysis on CELOUSDT that got invalidated.
- CELOUSDT has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price hit a swing high and retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
- Breakout above the descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
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