CELO - Gorgeous buying setup!Dear my friends,
With Celo, I am seeing one of the nicest buy setups appear on the weekly chart.
When you look at the chart, you can see very clearly, the price on the weekly frame has just escaped the downtrend since October 25, 2021.
And more specifically, last week's 2 candles formed a special Inside bar - pinbar setup to confirm the reversal and break the downtrend.
In addition, the strong increase in buying volume is also confirmation of this break.
Although above there is still some resistance. However, very quickly these resistances will become future support areas.
Because BTC will soon have to correct and I'm afraid of missing out, I will use the DCA strategy from here and expect the target price range to be $2.8.
For those of you who use leverage. You can go to setup as shown in the picture.
This is just my sharing when I see such a beautiful setup. Absolutely not an investment recommendation for anyone.
Hope it will help you!
Best Regards,