Based on the provided image, the cryptocurrency pair is $CELO CELO/USDT. The chart shows a strong upward movement (uptrend) reaching a high of $0.4117 and is currently trading around $0.3961. The price is above the moving averages and has broken above the upper Bollinger Band (UP: 0.3850), which is a sign of strong bullish momentum and a potential continuation of the uptrend. The 24h change is significantly positive at +35.65%. This indicates a strong "Long Trade Signal".
CELO/USDT EXPLOSIVE BREAKOUT: 35% GAINERS ALERT! LONG TRADE SIGNAL
Technical Analysis:
The CELO/USDT chart on the 1-hour timeframe shows a powerful bullish run. The price has surged past key resistance levels and is currently sitting near its 24-hour high. The breakout above the upper Bollinger Band (0.3850) and the high volume (24h Vol(CELO): 45.22M) confirm the strength of the move. This momentum suggests further upside potential.
Trade Setup: Long Entry
• Entry: Aggressive entry around the current price of $0.3961 or a safer entry on a slight pullback towards the broken resistance/upper Bollinger Band, e.g., $0.3850 - $0.3900.
• TP1 (Target 1): $0.4117 (Recent 24h High)
• TP2 (Target 2): $0.4300 (Based on potential continuation)
• SL (Stop Loss): $0.3650 (Below the middle Bollinger Band and a recent support area)
Short Outlook of Market:
The immediate outlook for CELO is highly bullish given the significant price movement and momentum indicators. As long as the price stays above the $0.3800 - $0.3850 zone, the uptrend is likely to continue towards the next psychological and technical resistance levels.