CELO- Our preferred Option for a Long at this stageCelo has proven as right and did well even while Bitcoin was crashing.
Our selection for this second quarter (which by the way ended up being a sour one) was mainly Cardano, Sia, Vet and CELO.
Given the circumstances I think we did well and hopefully a strong recovery of BTC in July can serve us well.
For the time being we need to be defensive and go Long selectively until things are clearly. Celo is our main pick at this very moment and already in profits today despite BTC still dropping
the FXPROFESSOR
CELOUSD
✨CELO- More than DOUBLED while on Vacation ✨One of our picks for second quarter 2021, CELO, has managed to more than double during our short break.
What is Celo?
Celo uses your phone number as your wallet's public key to make it easy to send money to your phone’s contacts. Super!
We knew that fundamentally the project ahs GREAT potential and the good news keep coming:
Yahoo finance
Deutsche Telekom
Opera (we called the music on a previous idea...just a coincidence )
We are back,
the FXPROFESSOR
CELOUSDT (CELO) - BULLISH SETUP ANALYSIS 🔎
- CELOUSDT has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price tested the ascending trendline support.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
- Market entry : current market price (CMP).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support and the horizontal support level (S1).
Celo about to breakout after multiple tests of that resistancePretty clean and simple setup. Celo has been one of the biggest laggards so far, but it has been listed on Coinbase, has big backers and recently got a big investment by Deutsche Telekom.
CELO XLM CORRELATIONHrm. Looking more in-depth at recent data we contemplate the possible of a delayed alt spike correlated with CELO's defiance of broader market momentum in the past few days.
As always, we are preparing ourselves for possibilities.
Deutsche Telekom invests in CeloIs it too late to invest in Celo ?
Deutsche Telekom has invested in Celo, a blockchain payments platform that allows mobile phone access to “decentralised finance” projects that allow users to bypass traditional financial firms, the company said on Tuesday.
It did not disclose the size of the investment.
Deutsche Telekom has also bought an unspecific amount of the Celo digital token used on the platform, it said, following major firms such as Tesla Inc to hold cryptocurrency in their coffers.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CELO- Our 2nd Quarter pick is 30% higher todayCello is a project we have liked to invest in, we also called it one of our 3 'Second quarter picks'.
Well, today it is 30% higher and looking great for more (maybe not today but very soon).
Fundamentally it combines mobile technology and blockchain currency/transactions- something like what Libra (Facebook) would like to be.
$CGLD LONG - 25% GAIN potential (April 2021)COINBASE:CGLDUSD
Getting back to trading more this year. Lots of reward from here on for $CGLD, one of my favorite coins Celo! The Celo org emphasizes the potential social impact for its project to serve underfinanced people around the world and I'm a fan of that. They also have a mobile app called Valora which aims to make their project more accessible to underserved communities in developing countries.
Current price: $4 (would buy between $3.80 and today's price)
TP1 : $5 (25% gain)
TP2 : $5.6 (40% gain)
SL : $3.80 (~6% loss)
StochRSI is about to turn rapidly and in the massive selloff the past weekend, CELO is holding relatively strong. Blue uptrend support line held very strongly.
I've also noticed that Celo sometimes detaches from other alts when BTC is up, which means that it is a safer hold given BTC dominance is at a short term low at around 53 right now. I'm thinking that BTC dominance will bounce here at least for a week or two, and holding CELO means you negate some of that risk since they are not as negatively correlated as some other top alts. Good luck and give this a like if you enjoyed the idea!
CELO Broke a flag pattern What now? 👓Hello Traders. I hope you are having successful trades.
Today I want to talk about CELO. Here in 4H timeframe as you can see, price has managed to break out of a flag pattern and I expect it to grow from here.
1st target is 5$ which is a static resistance and also a psychological resistance and the 2nd target is around 6.3$ which is obtained from flag pattern rules.
Once price breaks out of the flag, it can grow the same as the first leg or the base of the flag. Stop loss is shown in the chart.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on CELO and don`t forget to comment what you think. ✌
CELOUSDT 4H long setup; Retest of broken resistance completedTA Explained
CELO perfectly retested broken resistance level after breaking it mid February. Resistance turned support now, ready to prepare for the next bullish impulsive move.
Trade setup
Best entries: 3.8922 - 4.0991
TP1: 4.9649
TP2: 5.4783
TP3: 6.5893
SL: 3.4656
RR: 4.85
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
CELOUSD (CELO) - UPTREND CONTINUATION ANALYSIS 🔎
- CELOUSD brokeout above the bullish flag resistance and hit an ATH.
- The market is currently undergoing retracement.
- Price is testing the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- ATH (all-time high) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
Time to get serious with CELOLooking good on both TA and FA fronts, here!
Check out who founded this coin. This shall be big! coinmarketcap.com
Anyway - Price action a little wicky than l like but you get that...
Currently battling with an inverse hold level around 3.08.
1st target 3.68 break level then up to $5.12.
Laddering up nicely under resistance, should see a push up to $3.20 ish soon.
New ATHs soon!
🆓Celo/USDT Analysis (29/1) #CELO $CELOCash flow has been pouring into CELO quite strongly since the beginning of 2021 and CELO is almost ready for a new rally as it continuously keeps its price when approaching the moving average line MA50.
We can expect a strong pump like the beginning of the year
📈BUY
-Buy: 2.8-2.9$. SL B
📉SELL
-Sell: 3.3-3.4$. SL A
-Sell: 3.6-3.7$. SL A
-Sell: 4.4-4.6$. SL A
-Sell: 5.0-5.2$. SL A
♻️BACK-UP
-Sell: 2.8-2.9$ if B. SL A
-Buy: 2.4-2.5$. SL B
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
Can it break out & key resistances to watch for next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.