CELO Daily Time Frame
CELO 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.
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.
註釋
CELO is moving according to our plan. After 141 days CELO breaks the descending channel. 
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。