RLinda ! CELOUSDT-> Adam and Eve give the coin a chance

23 de fev. de 2023

CELOUSDT rests on the local bottom and forms a set-up foreshadowing a trend reversal. A breakout of basic resistance will activate the set-up, and a retest will find an ideal entry point.

Adam and Eve is a bullish reversal pattern that usually forms at the bottom of a downtrend and signals a potential reversal in the price of an asset.
This pattern is considered a more reliable reversal signal when it occurs after a prolonged downtrend, as it indicates that seller pressure is exhausted and buyers can begin to regain control.
Additional bullish signals for a possible upside breakout are forming at the moment: moving averages crossing, formation of a pre-break consolidation, and renewal of local highs.



I assume the bulls will try to hold the support zone near the level of 0.781, the price will again push back and continue to test the resistance for a breakout. I expect breakdown and achievement of the medium-term objectives - resistance 1.200 and also 1.490.

Regards R.Linda!