Chibuike_Odoh

CELOUSD (CELO) - UPTREND CONTINUATION

Long
BINANCE:CELOUSD   CELO / US Dollar (calculated by TradingView)
ANALYSIS πŸ”Ž
- CELOUSD brokeout above the bullish flag resistance and hit an ATH .
- The market is currently undergoing retracement.
- Price is testing the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.

BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the descending trendline resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- ATH ( all-time high) resistance.
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.

Comments

nice idea
Reply
@sirdeeq thanks mate
Reply
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