✳️ Celo Price Dynamic Analyzed (700%+ Bullish Potential)

We will examine the price dynamic on this chart. We already know the classic signals: bullish RSI, trading above EMA10/21/50, higher lows, consolidation, etc.

The classic signals are good and valid but this analysis adds another dimension.

The market moves in waves; up and down, up and down.

After a period of distribution in 2021, CELOBTC enters a bearish wave (down).
The bearish wave ends with price action going flat (consolidation).

After a bearish wave comes a bullish wave (up).
This "up" wave is what is depicted with a green arrow on the chart.

👉 Very easy, first target is set at 138%; this can happen right away.
👉 Still easy but can take longer, the second target is set at 308%.

👉 Finally, can be much higher just as it can be a bit lower; we can aim for 700% or more to end this bullish phase.

Namaste.