CELO - "LONG LIKE DONKEY KONG"

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Shout out to Mr. WW for the title quote.

Where do I begin with this one...

1) RSI in oversold zone. Applies to both USDT and BTC pairs.
2) Price quickly and in succession printed out of Bollinger Bands due to the recent FUD. Move is unsustainable and will have to reverse back into BB (upwards). Applies to both USDT and BTC pairs.
3) Multiple indicators flashing bullish on multiple timeframes. Applies to both USDT and BTC pairs.
4) Descending channel as drawn. Price currently bounced on its bottom.

2D USDT Pair
Snapshot

2D BTC pair
Snapshot

1W BTC pair
Snapshot

Can the price fall lower? Sure.
Is it probable that it goes much further down? No.

As always manage risk and minimize leverage. Good luck.
Anmerkung
Forgot that also a Doji (green) candle is printing on the 1W USDT pair chart. If it confirms then it is also a great sign of reversal.
Trade ist aktiv
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