Get started

CELOBTC

TradeCityPro | CELOUSDT Suitable Trading Opportunity👋 Welcome to the TradeCityPro channel! Let’s analyze CELOUSDT, a cryptocurrency that appears to present opportunities in both spot and futures markets this week. 🌍 Market Overview Before diving into CELO, let’s take a look at Bitcoin during the London session. BTC continues to print red candles, with its dominance (BTC.D) ranging. This scenario leads to a balanced market correction, where individual coins behave independently based on their BTC pair performance. 📊 Weekly Timeframe CELO has been ranging within a weekly box for approximately 830 days, with no significant breakout. While buying at the box's bottom might have yielded 100% gains, holding positions for extended periods in a risky market like crypto can lead to "capital dormancy," causing stress. Hence, trigger-based trading is preferred. This time, CELO has printed a higher low within the box, hinting at a potential breakout. Breakout above 0.8412 with a stop loss at 0.4083 for a mid-term buy. If missed, another entry above 1.2530 with confirmation from RSI moving into overbuy territory (76.06) ensures a more secure position. 📈 Daily Timeframe CELO is currently testing the box resistance but shows stronger buyer momentum this time. Last rejection from 0.8683 led to a correction down to 0.5318, but buyers established a higher low compared to 0.3998, indicating a shift in momentum. Daily RSI needs to break 74.22 to confirm a sharp move upward , Upon confirmation, price could rally to 1.0503. ⏱ 4-Hour Timeframe CELO has formed a parabolic movement, with consistent support at the curve line during pullbacks. Despite some weakening momentum, as long as the price holds above the curve, there’s potential for further upside. 📈 Long Position Trigger: Breakout above 0.8683 to initiate a long position. As long as the price remains above 0.7352, higher lows per Dow Theory suggest strength. 💡 BTC Pair Insight CELOBTC is bearish but shows signs of weakening bearish momentum, which might lead to a trend reversal or a new bullish phase. Coins with similar BTC pair setups last week either didn’t move or experienced significant pumps after their triggers. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
CELO ANALYSIS (1D)After completing the diametric, CELO has entered a bullish wave that looks like an ABC or complex pattern. Wave A of this bullish wave is over and we are now in wave B. There should be another bullish C wave. The green range is a suitable range for sell/short positions. The main targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis. 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 Yo
by behdark
CELO ANALYSIS (4H)Due to the change in structure, CH and bearish iBOS, CELO now has a bearish structure. We have marked the range where there are significant sell orders on the chart. We also have two liquidity pools above, which are unlikely to sweep their prices. If the price pulls back towards this supply, we will look for sell/short positions. We have specified the targets on the chart. 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
by behdark
CELO/USDT bullish horizons? 👀🚀CELO Today Analysis💎Paradisers, turn your attention to #CELOUSDT, currently trading in a demand zone and showing signs of gearing up for a bullish movement. 💎Recently, #CELO faced resistance at $0.907 and is now regaining momentum in the demand zone at $0.729. If the price can maintain its strength above this level, there's a high likelihood of an upward movement towards the significant supply zone at $1.131. 💎However, if #CELO struggles to sustain its ground above the $0.729 demand level, it may be time to consider a different strategy. In such a situation, our focus would shift to potential bullish growth from a lower support level at $0.623. 💎It's imperative to closely monitor this level, as falling below it could signal the need for a strategic realignment, potentially pointing to difficulties in maintaining a bullish trend in the #CELO market.
Long
by MyCryptoParadise
1
CELO IS BEARISH (1D TF)For CELO, by examining the waves on the chart, a large diamond pattern can be identified. It seems that it has now entered the descending G wave of this diametric. The red zone is a strong supply that can push the price down towards the TPs. In this red area, we are in the middle of sell/short trades. I also specified the invalidation level, closing a daily candle above this level will invalidate the analysis. 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
CRYPTO:CELOUSDShort
by behdark
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. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
2