📊 CEL Analysis Update: Bullish or Bearish? 🚀📉
Here’s an update on my CELUSDT analysis (daily timeframe):
📊 Current Status:
The price is at 0.101403 and has formed a double bottom around 0.0880. This pattern could signal a potential bullish reversal, but it still needs confirmation.
🔑 Key Levels:
Support: 0.0880 (strong base)
Resistance: 0.1150 and then 0.1300 (downtrend line)
Bullish Targets: 0.1900
Next low if it drops: 0.0690
📈 Bullish Scenario:
If the price breaks and holds above 0.1150, it could see an upward move to 0.1300 and even 0.1900. A break of the downtrend line (around 0.1300) would be a strong buy confirmation.
📉 Bearish Scenario:
If support at 0.0880 breaks, it could drop to 0.0690. In this case, be cautious as the downtrend might continue.
💡 Suggestion:
For a buy, wait for a breakout and hold above 0.1150 (stop loss below 0.0880).
For a sell, enter if 0.0880 breaks with a stop loss above 0.1150.
What do you think? Bullish or bearish? Share in the comments! 👇
#CELUSDT
#CryptoAnalysis
#TechnicalAnalysis
#TradingView
#CryptoTrading
#Bullish
#Bearish
#Cryptocurrency
#MarketUpdate
#DailyUpdate
#Crypto
Here’s an update on my CELUSDT analysis (daily timeframe):
📊 Current Status:
The price is at 0.101403 and has formed a double bottom around 0.0880. This pattern could signal a potential bullish reversal, but it still needs confirmation.
🔑 Key Levels:
Support: 0.0880 (strong base)
Resistance: 0.1150 and then 0.1300 (downtrend line)
Bullish Targets: 0.1900
Next low if it drops: 0.0690
📈 Bullish Scenario:
If the price breaks and holds above 0.1150, it could see an upward move to 0.1300 and even 0.1900. A break of the downtrend line (around 0.1300) would be a strong buy confirmation.
📉 Bearish Scenario:
If support at 0.0880 breaks, it could drop to 0.0690. In this case, be cautious as the downtrend might continue.
💡 Suggestion:
For a buy, wait for a breakout and hold above 0.1150 (stop loss below 0.0880).
For a sell, enter if 0.0880 breaks with a stop loss above 0.1150.
What do you think? Bullish or bearish? Share in the comments! 👇
#CELUSDT
#CryptoAnalysis
#TechnicalAnalysis
#TradingView
#CryptoTrading
#Bullish
#Bearish
#Cryptocurrency
#MarketUpdate
#DailyUpdate
#Crypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.