The CELO technical analysis shows a Long-term bearish trend reversing from the $0.72 support level teasing a bullish breakout of the descending triangle. The CELO price action Displays a bear trend under the influence of a declining trendline and the 50-day EMA in the daily chart. However, the recent bull cycle in the triangle pattern forms a morning star pattern teasing a breakout. So, is this a perfect buying opportunity for CELO? Key Points: The CELO price action shows a highly influential bearish trendline in the daily chart. The reversal at $0.72 signals the start of a new bull cycle. The post CELO Technical Analysis: Will This Reversal Break The Bearish Triangle? appeared first on Cryptoknowmics-Crypto News and Media Platform.
