#Celo coin market structure analysis#CELO
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We have a bounce from the lower boundary of the descending channel. This support is at 0.262.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.253, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.265
First target: 0.268
Second target: 0.273
Third target: 0.279
Don't forget a simple thing: ease and capital.
When you reach your first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
