Technical Analysis CELO/USDT – Price Action & Technical Indicators

1. Determine the Main Trend (a) The trend along the EMA lines (7, 25, 99) 1H & 4H Frame: The price is currently fluctuating near the EMA7 and EMA25 lines but still below the EMA99. This indicates that the downtrend is still dominant, however, there are signs of short-term recovery. 1D Frame: The price is still below all 3 EMA lines, indicating that the long-term downtrend is still intact. 1W Frame: The long-term downtrend remains strong as the price is below EMA99 and there is no clear breakout sign yet. ( Short-term vs. long-term trends Short-term trend )1H & 4H(: The price has seen a slight recovery from $0.336, but needs to surpass $0.40 to confirm a short-term reversal. Mid-term trend )1D(: Still in a downtrend, no confirmation of a strong reversal yet. Long-term trend )1W(: Currently in a prolonged downtrend from 2021 to date, with no significant signs of a breakthrough. )c( Is it a signal of reversal or continuation of the trend? Reversal potential: Price is recovering from the $0.336 bottom area but needs to surpass $0.40 - $0.45 to confirm. Possibility of continuing the downtrend: If the price does not hold above the $0.336 - $0.34 range, it may continue to decline further.

2. Identify Key Support & Resistance Areas Strong support: $0.336 - $0.34: Recently near the bottom, if broken, it could drop to $0.30. $0.30: Important psychological support. Important resistance: $0.40 - $0.42: EMA99 on the 4H timeframe, a strong resistance area that needs to be overcome to confirm the short-term uptrend. $0.45 - $0.50: Strong resistance at Fibonacci 38.2%. $0.58: EMA99 on 1D timeframe, need to surpass in order to expect medium-term reversal.

3. Candlestick Pattern & Price Action Analysis 1H & 4H frame: A Pin Bar candlestick has appeared, indicating a price increase near the $0.34 support area, showing that the buying side is trying to push the price up. 1D Frame: There has been no strong reversal candlestick patterns such as Bullish Engulfing or Morning Star. Frame 1W: The price is still in a downtrend with a long-bodied candle, no strong reversal signs yet.

4. Technical Indicator Analysis MACD: 1H & 4H: MACD is showing signs of a bullish crossover, indicating short-term recovery momentum. 1D & 1W: MACD still in the negative zone, no signals of medium/long-term reversal yet. RSI: 1H & 4H: RSI around 40-50, not in overbought/oversold territory yet. 1D: RSI touches the 30-35 zone, close to oversold territory, there may be a rebound. 1W: RSI still below 40, not giving a strong reversal signal. Bollinger Bands: Price touched the lower edge on the 1D & 4H timeframe, may rebound slightly but no strong breakout signs yet.

5. Trading Volume Analysis )Volume Profile( 4H & 1D Volume Profile: There is a slight increase as the price approaches the $0.34 support area, indicating buying pressure is starting to return. 1W volume frame: Still low compared to previous growth phases, not confirmed strong reversal trend.

6. Proposed Trading Strategy )A( Short-term Swing Trading Strategy )1H - 4H( Entry: Buy around the $0.34 - $0.36 area when there is confirmation of a reversal candle. Stop Loss: Below $0.33 )if the price breaks through the important support(. Take Profit: $0.40 - $0.42 ) resistance EMA99(. )B( Medium-term trading strategy )1D - 1W( Entry: Wait for price breakout above $0.40 - $0.42 with large volume. Stop Loss: Below $0.34. Take Profit: Target 1: $0.45 - $0.50 )Fibonacci 38.2%(. Target 2: $0.58 - $0.60 )EMA99 on the 1D( timeframe. )C( Long-term strategy )Long-term hold( Only buy when the price exceeds $0.58 - $0.60, confirming the long-term uptrend.

Conclusion: Should I Buy CELO? The main trend is still downward, with no strong reversal confirmation yet. If surfing, can buy around $0.34 - $0.36 with target $0.40 - $0.42. If you are a long-term investor, it is advisable to wait for the price to exceed $0.58 - $0.60 to ensure safety. Recommendation: Only enter orders with small quantities and manage risks tightly.