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xtremerider8

CELO channel bounce

Long
CELO (BINANCE:CELOUSD)  
xtremerider8 Updated   
BINANCE:CELOUSD   CELO
Trend Analysis Wave Analysis
2
0
trendanalysis waveanalysis
CELO now still building energy to break 4.15 after bounce from lower uptrending channel. You may buy on pullback to 3.50 support.
First target price at 4.80. 2nd target price at 6.90. Cutloss a little below 3.22.
Currently in wave 3 after wave 2 bottomed at 1.311 last Jan 2021.
Comment:
As of 5Jan ,CELO is now at 5.56 past first target & going after 6.90 w/c it’s also the median of channel. Some retracement will be expected.
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