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Celocoin

CELO price is now on the verge of a foul #CELO price is now on the verge of a foul But it is being stubbornly held and pushed upward with a “saw”, so there is a chance that it will be pushed to $0.95-1 or even $1.20-1.28 in this wave of growth However, when making trading decisions, you should take into account the fact that the safe buy zone for OKX:CELOUSDT is in the range of $0.47-0.57 Sooner or later, the price will fall there again _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
1
CELO Daily Time FrameCELO is currently in a bearish trend and has been moving within a descending channel for approximately 141 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a reversal. For a bullish move to occur, CELO must break above the channel’s upper boundary. This resistance has acted as a barrier to the price, preventing any significant upward movement. On the other hand, if the price fails to break this resistance and continues downward, it is likely to test the lower support of the descending channel. Traders should monitor the price action closely, especially looking for a breakout above the descending channel, which would be a strong indicator of a potential bullish reversal. An increase in trading volume would provide further confirmation of this move. Everything is on the chart.
by TheCryptoCity
CELO/USDT upward momentum? 👀 🚀 Celo Today Analysis💎Paradisers, set your sights on CEOUSDT as it showcases a captivating trajectory, currently revisiting its channel support and hinting at a potential bullish surge. 💎Historically, CELO has been consistently tracing a descending channel pattern. At this juncture, it's once again touching the channel's support. Coupled with its position in the demand zone, this bolsters the prospects of a bullish turn. 💎Should the price surpass the channel resistance at .423, we could witness a notable upward momentum, with a high likelihood of re-encountering the bearish OB. 💎 On the flip side, it's crucial to be cautious: if the price dips below the 0.405 support mark, we might see it gravitate towards a deeper support level. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Long
by MyCryptoParadise