đ $CELO is showing a potential technical setup!
The 1M chart is forming a long-term base following a prolonged macro downtrend, suggesting a potential multi-month reversal setup.
đ The Technical Setup:
âą The Pattern: Macro Double Bottom / Accumulation Base
âą Short-term Target: 0.5000 USDT
âą Macro Objective: 1.0500 USDT
âą Market Structure: Potential reversal from accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0500 - 0.0750 USDT
âą Resistance: 0.5000 USDT
âą Breakout Level: 0.1000 USDT
âą Stop Loss / Invalidation: 0.0500 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Price stabilization near lows
âą Trend: Macro base building
â ïž Invalidation:
A monthly candle close below the 0.0500 USDT support level.
Patience is advised as this macro timeframe setup requires confirmation above key local resistance levels.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#CELO #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The 1M chart is forming a long-term base following a prolonged macro downtrend, suggesting a potential multi-month reversal setup.
đ The Technical Setup:
âą The Pattern: Macro Double Bottom / Accumulation Base
âą Short-term Target: 0.5000 USDT
âą Macro Objective: 1.0500 USDT
âą Market Structure: Potential reversal from accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0500 - 0.0750 USDT
âą Resistance: 0.5000 USDT
âą Breakout Level: 0.1000 USDT
âą Stop Loss / Invalidation: 0.0500 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Price stabilization near lows
âą Trend: Macro base building
â ïž Invalidation:
A monthly candle close below the 0.0500 USDT support level.
Patience is advised as this macro timeframe setup requires confirmation above key local resistance levels.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#CELO #crypto #BinanceSquare #tradingview #TechnicalAnalysis
