The daily chart for Celo (CELO/USDT) displays a price structure that is forming a descending triangle pattern, which is often interpreted as bearish. The price is consolidating, with resistance (R1) at $1.1449 and a flat support level (S1) that seems to have been tested multiple times.
The price at the moment of the chart was $0.8488, and if the price breaks...
In time D1 and W1, it is moving in a medium-term upward channel, which is currently completing wave 4, after which it should start wave 5 of 3, which can grow at least up to the range of 86 cents and then $1. to continue Therefore, note that this current wave should not enter the range of 0.572, in which case this analysis will be invalid.
🎯Frist TP: 0.86
🎯Second...
Due to the change in structure, CH and bearish iBOS, CELO now has a bearish structure.
We have marked the range where there are significant sell orders on the chart. We also have two liquidity pools above, which are unlikely to sweep their prices.
If the price pulls back towards this supply, we will look for sell/short positions. We have specified the targets on...
