CELO About to Explode or Fakeout Incoming?Yello, Paradisers! Is this the breakout we’ve been patiently waiting for or just another trap to liquidate late buyers?
💎After weeks of grinding lower inside a clear descending channel, #CELO/USDT has finally broken out to the upside. That breakout alone isn’t enough, but it’s a critical first sign
CELOUSDT Forming Descending ChannelCELOUSDT is currently catching the eyes of many traders due to its strong technical reversal signals and positive sentiment across the market. The chart highlights a clear breakout from a descending channel, indicating a shift from a downtrend to a potential bullish run. With good trading volume bac
#Celo coin market structure analysis#CELO
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We have a bounce from the lower boundary of the descending channel. This support is at 0.262.
We have a downtrend on the RSI indicato
CELO FOR Q3 2025🔥 SEED_DONKEYDAN_MARKET_CAP:CELO long setup (1D) 🚀
✅ Entry Zone: $0.23 – $0.26 (wedge & YTD demand)
🎯 Targets
• TP-1: $0.58 (Q4-24 supply flip)
• TP-2: $0.72 (2024 breakdown block)
⛔ Stop-Loss
Daily close < $0.21
📊 Thesis
• Celo is now an Ethereum L2 built on OP-Stack 🛠️
• Native USDC pays f
CELOUSDT – One of Today’s Highest Volume Gainers! CELOUSDT – One of Today’s Highest Volume Gainers! 🚨
🔴 Key Resistance Zone:
The red box marks a critical resistance level where we’ve historically seen strong selling pressure. This isn’t just any level—this is where liquidity gets tested, and weak hands get trapped.
📉 How to Approach It:
✔ Short B
Celousdt trading ideaCELOUSDT initially broke out bullish from a falling wedge but faced strong rejection at the critical $1.67 resistance level, triggering a significant sell-off that retraced the entire breakout move.
Price has now retested the initial bottom, positioning the market for a potential double-bottom for
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.