CELOUSD hit today the 1D MA200 after rebounding on the 1D MA50, forming the S1 (0.47250), being stranded essentially between the two. The 1D timeframe remains on bullish technical indicators though (RSI = 61. 619, MACD = 0.011, ADX = 41.243), making a bullish breakout above February's Channel Down quite likely. We will wait for that top to break and buy aiming at the R1 (TP = 0.73850).
Conversely, if the S1 breaks, we will sell aiming at the S2 (TP = 0.41000).
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