Celo pierced through its November 2022 low/support and quickly moved back above it. Notice that this happened 10-June, the same date that Compound and the rest of the Altcoins hit bottom.
The fact that CELOUSD is now back above this level, marked here with a blue dashed line, tells us that the bearish wave is over and the bullish potential is on.
The current candle trades above EMA50 and EMA100.
EMA100 being a medium to long-term gauge indicator. Closing daily above it and the long-term bullish potential is confirmed.
The current chart setup and signals are pointing to a massive bullish wave that can range between 400 and 450%.
Namaste.
The fact that CELOUSD is now back above this level, marked here with a blue dashed line, tells us that the bearish wave is over and the bullish potential is on.
The current candle trades above EMA50 and EMA100.
EMA100 being a medium to long-term gauge indicator. Closing daily above it and the long-term bullish potential is confirmed.
The current chart setup and signals are pointing to a massive bullish wave that can range between 400 and 450%.
Namaste.
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