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unknownpower
Jun 19, 2022 12:14 PM

CELOUSDT - Oversold (2x - 5x return) Long

BINANCE:CELOUSDT2D
CELO / TetherUSBinance

Description

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Consider the 2D USDT pair above:

1) RSI is in oversold, "buy zone"

2) Bullish divergence as drawn

3) Price and RSI breakout on 3D BTC pair



4) Dragonfly doji printed on 5D BTC pair after large downtrend, signifying trend reversal




Targets (initial): 1.5 - 1.6 - 2.3 USDT

Timeframe: Weeks (don't know exact number)

Leverage: 3-4x ( if we get a green candle close above the dragonfly's close in the 5D BTC pair chart, then chances of upside are even larger. Carefully manage risk. )

Trade active

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Comment

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BUY BUY BUY
Trend AnalysisTechnical IndicatorsOscillatorsceloCELOUSDTCELOUSDCELOBTCRelative Strength Index (RSI)oversold2xSupport and Resistancebreakout
Comments
SwallowPremium
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Looking too to open a position, now we see in which way to we should be going!
unknownpower
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@SwallowPremium, check out my new idea on CELO, this one is pretty outdated.
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