✳️ Celo (Fast ALTSBTC #5)
Fast Altcoins vs Bitcoin pairs with confirmed bullish signals: breakout confirmed, volume confirmed, RSI strong, MACD bullish, above MAs, etc.
Fast ALTSBTC | Altcoins vs Bitcoin #5
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Altcoin (PAIR): CELOBTC
Trend: Up
Potential: 116% to 358%
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Wishing you great profits and success.
This is not financial advice.
Namaste.
Celo
CELO $1 possible by end of February CELO $1 possible by end of February
10x leverage would be safe from 0.71 entry
Would start to TP at 0.82 if you are short term trading, if not set orders at .65 and let her ride.
I dont see this coin going below $.60 again.
RSI looks bullish, longer time frame accumulation / distrubution is at all time lows on the accumulation side, volume is picking up on multiple exchanges.
Good luck all.
I will be entering this trade at 0.71 with 25% of my On-risk-trading capital and using another 15% at 0.65 limit buys.
CELO Cup & Handle ☕Celo is forming Cup & Handle pattern and seems to be ready to break the neckline. If it really does then there would be a chance for run to 1.385 and even higher. Have set BUY STOP-LIMIT order @ 0.892 to catch the potential breakout which is agressive approach but that's just me. One can rather wait for break confirmation and buy the potential pullback to the neckline (backtest). S/R zones along the way: 0.98-0.99 and 1.16-1.20. Wise idea to secure some profit at the higher zone (TARGET1) and let the rest run to the C&H projection (TARGET2). There is also legacy uptrendline (orange) which could act as resistance and then flip to support.
ENTRY : local high @ 0.892
STOPLOSS (SL) : local low @ 0.682
TARGETS (TP) : TARGET1 - resistance @ 1.155 | TARGET2 - Cup & Handle measured move @ 1.385
REWARD RISK RATIO (RRR) : TARGET1 - 1.4 | TARGET2 - 2.65
INVALIDATION : when SL level hit
This thesis is supported by the idea down below and if BTC is really going to 27500 we should see nice pumps on alts as well.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
CELO : THE GOLDEN BREAKOUT COINThere are some trends on this coin that allow it to show interesting views for the breakout in the coming time.
When we check a breakout coin we depend our views not on the price actions, but on the structure that is building on the coin and the trends that the coin can do depending on the technical side.
The coin can be a follow for days, since it shows this interesting view we will follow it coming time to see if it's able to show the golden breakout of $1.34
we expect that there will be a moment that this coin is able to show a breakout.
CELO : INCREASE VIEWThe last study view shows that CELO is in an uptrend
We will follow CELO and see if it's able to confirm above the 1 USD zone.
The main market is still on the breakdown on the BTC side.
Until now there is no bull market confirmed on BTC since BTC is still not able to confirm the 24K
✴️ CELO Looks Bullish vs USDT | $3.333 Next TargetTwo major bullish milestones reached on this chart, CELOUSDT.
(1) Recovery above the June 2022 major low.
(2) Break and close above MA200 (black line).
Today's trading volume is also higher than average and overall buy volume (green bars) are predominant on this chart.
We are mapping the main target at $3.333 but there is resistance along the way.
First target is $1.111 followed by $1.533.
Finally, before reaching $3.333, $2.222 needs to be broken.
It should be entertaining to to see the whole process develop.
It should be profitable if you are holding this altcoin.
Namaste.
$CELO/#USDT [#Celo]: BBand_Breakout Hey traders, we've identified a Bollinger Band breakout on the $CELO / $USDT chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.857 | 0.927 | 1.095 and the major support zones are respectively at 0.689 | 0.591 | 0.423. We may consider buying at the current price zone 0.802 and targetting higher levels.
Technical Metrics :
Current price: 0.802
24H Volume: 2,942,664.0223 ₮
24H Price change: 2.821%
- Pivot Points - Levels :
Resistance: 0.857 | 0.927 | 1.095
Support: 0.689 | 0.591 | 0.423
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth CELOUSDT technical analysis on > Tradingview TA page
CELOUSD on a strong bullish fractal of the past.Celo (CELOUSD) is above its 1D MA200 (orange trend-line), supported by the 1D MA50 (blue trend-line) since January 12. With the 1W RSI on Higher Lows, the Bear Cycle seems over and will officially get confirmed after it breaks above the November 28 High (0.9225).
We have already spotted two previous fractals that so far are very similar to the price action since the November 14 Low. Both of those sequences reached at least the 2.0 Fibonacci extension before retracing. The current 2.0 Fib is a little under 1.9000, which is our medium-term target on CELO from now on.
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Celo coin formed bullish BAT for upto 26% pumpHi dear friends, hope you are well, and welcome to the new update on Celo coin with US Dollar pair.
Recently we caught more than 70% pump of Celo as below:
Now on a 4-hr time frame, CELO has formed a bullish BAT move for another expected pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Celo forming a beautiful inv h&s patternCurrently wicking below the neckline on the right shoulder…I’m not 100% confident it will trigger a breakout on the first candle of the right shoulder to reach the neckline, so I arbitrarily moved the measured move line a few daily candles forward to give it some time to fight the neckline resistance…whenever we see that it has clearly triggered the breakout above the neckline then I will readjust the dotted green measured move line accordingly to the point of the break out. For now it’s just been placed there arbitrarily. Will update when and if we have a valid breakout….there’s no guarantee we will even validated a breakout just yet. The way the market is going recently probability currently favors a breakout slightly, but my guess is it will take a few candles testing the neckline first as we can see that the current daily candle is wicking down exactly after testing the neckline. *not financial advice*
Celo coin formed bullish Gartley for upto 108% rallyHi dear friends, hope you are well, and welcome to the new update on Celo coin with US Dollar pair.
Previously we caught a nice trade of CELO:
Now on a daily time frame, CELO has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Celo coin forming a bullish Shark for upto 29% pumpHi dear friends, hope you are well, and welcome to the new update on Celo coin with US Dollar pair.
Our last successful trade of CELO was below:
Now on a 4-hr time frame, CELO is about to complete a bullish harmonic Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
CELO SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the CELO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CELO - "LONG LIKE DONKEY KONG"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
2D BTC pair
1W BTC pair
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.
CELOUSDT - Oversold (2x - 5x return)Consider the 2D USDT pair above:
1) RSI is in oversold, "buy zone"
2) Bullish divergence as drawn
3) Price and RSI breakout on 3D BTC pair
4) Dragonfly doji printed on 5D BTC pair after large downtrend, signifying trend reversal
Targets (initial): 1.5 - 1.6 - 2.3 USDT
Timeframe: Weeks (don't know exact number)
Leverage: 3-4x ( if we get a green candle close above the dragonfly's close in the 5D BTC pair chart, then chances of upside are even larger. Carefully manage risk. )