CELOUSDT
CELO, it's worth waiting for clear preconditions. CELO is in a big value area. It is worth highlighting that the price has broken the trend line and tested it as support. This is a good signal. At the moment the price is in the middle of this range and there are no clear prerequisites to open a position.
In case of a squeeze and breakout of the key level, there could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
#CELO Needs to close daily above 5.28#CELO in its #USDT pair broke out static resistance in area of 5.26 and we need to wait for good entry after confirmation
If #CELO close daily above the resistance level (Red area) it can pump more than 15%
Good Entry after Success break out : 5.4
Stop loss : 4.96
CELO Volume & price climbing looking for ~5x from current range!CELO/CGLD alone is the only one of 6 digital assets promoted as top in class regarding decentralization, scalability & energy cost, by the World Economic Forum to have a total supply Market cap below $10B. The price target of ~$28 would place CELO with a Market Cap just shy of $9B. This would place it in the lower value end of it's fellow WEF tokens, ADA ($66B), XRP ($42B), SOL ($40B), ALGO ($9B), & XLM ($7B). At just a measly $1.75B, it's clear that the new kid on the block has plenty of room for realistic growth over the coming months. Despite limited chart data, there is a clear trend of 'higher highs, higher lows' over the course of CGLD's first year of trading on Coinbase, which are only missing the first 6-7 weeks of CELO's trade data.
The asset has shown resilience, but not gone parabolic like all it's peers thus far in the market. This technicality helps lend to the probability that "it's time will come." Analysis of CELO from every angle I've been able to formulate over the last few months just continues to lend to this asset's EXPLOSIVE "medium-term" (3-6 month) potential! Watch the volume! As long as it keeps growing, price growth will continue to come naturally. Once price starts rocketing, in spite of FALLING volume, that's when you know it's time to get out lads..
Not financial advice of course. Maybe the US will shut down CB & collapse most of CELO's volume. lol....
CELOUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 8 - 11 - 14
after first target reached move ur stop to breakeven
stop: w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
risk is justified
Good luck everyone!
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CELOUSD Repeating Structure / MA It can be seen on this chart that the moving averages (especially the 50 and 100MA (death-crosses) more evident) are following repeating moves while the 200MA moves steadily higher
We can use this information to predict the price action within the channel placed
I expect a small move upwards to the top of the channel and then rejection back to the bottom of the channel
Diagonal lines can be drawn to display this repeating action
If a repeat does not occur and a move upwards above the channel occurs, price may breakout a lot higher.