Get started

CGLDUSD

Celo (cgldusd) Weekly chart indicates the double bottom breakout. . .has been validated. Now jsut waiting for price action to head to the full double bottom breakout target. In the current price zone, a mild correction before reaching the full target wouldn’t surprise me. In doing so it would help it create an inverse head and shoulders for its follow up bull pattern. Also a chance it just skips the correction and heads straight to the full target first. Either way I expect the target to be hit. *not financial advice*
COINBASE:CGLDUSD
by DrDovetail
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*
COINBASE:CGLDUSD
by DrDovetail
2
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....
COINBASE:CGLDUSDLong
by Jayed
6
CELO = Cup and HandleStrong mutha-fudging chart and protocol! Look at the volume coming in during a sell off in the general markets! Double your dough with a buy here :-) That's what I am doing... LET'S GOOOOOOO!!!!!!! CELO is BEING SLEPT ON!!!! An open protocol that allows applications to make transactions with and run smart contracts in a secure and decentralized fashion. AND MOST IMPORTANTLY, Celo has shared ancestry with Ethereum, and maintains full EVM compatibility for smart contracts. That is a big deal. And it uses CELO for gas and voting.
Long
by LTSInvestor
1
CGLDUSD/CELOUSD: Slow and steady progress--revised forecastCOINBASE:CGLDUSD BINANCE:CELOUSDT A more conservative idea to temper the giddy one I posted yesterday: the first of three vertical green bars painted on 30 August may be conceived as the start of a support trendline that's since manifested into the bottom of what appears to be a bullish flag formation. If so, adding the difference between CGLD's/CELO's open and closing price at the time of its initial breakout--≈ 4.382 and 5.974 respectively, and so ≈ $1.592--as represented by the aforementioned vertical green bar allows us to forecast a strong break above the purple resistance trendline to minimally touch a new local high of $1.592 + whatever's CELO/CGLD's price at the breakout. A reasonable TP target might then be ≈ $7.05. A reasonable stop loss might be ≈ $5.32
COINBASE:CGLDUSDLong
by oftenbach
CGLDUSD/CELOUSD Double Bottom Breakout Incoming?So I am the best purveyor of advice I don't myself listen to it seems, because 2 days before CELO's--or as Coinbase denominates it--CGLD's breakout to 10.8, I drew up an unpublished chart which illustrated my reasoning for thinking that it was due for a double-up at least very soon (basically it seemed to me it was at the tail end of a massive bullish pennant that had been building up over a long period of time). The end point was, of course, a guesstimate, since you can never pinpoint exactly where a breakout begins, just provide a likely range. Notably, I did not keep this in mind, because, well, I invested in 940 of them at $4.65 on August 28, and, as I watched the price waver a bit the following day, I got spooked, hands turned papery, and liquidated my entire holdings, selling half of them at break even, a quarter for $4.20 and everything else for BTC. And of course, what do you know? On August 30, my erstwhile CELO/CGLD holdings absolutely mooned, hitting an all-time high of $11 on Coinbase Pro. Double-bottoms are more touch-and- go, so l may or may not stick to this plan. Right now I am down, having bought 7.5k at around $6.06. But unless the price completely deserts the curves you see forming the purple 'W', with the gradually decreasing selling volume and CELO's recently solidly established supports at 5.33 and 5.5 l do project a return to at least $8 levels in the next day (give or take a few hours). Happy trading, and I assume no disclaimer is necessary to protect myself from liability in the event this trade idea fails for those of you reading this who choose to open a long position afterwards, because…DYOR. COINBASE:CGLDUSD
COINBASE:CGLDUSDLong
by oftenbach
3
Possible 15-30% Gains on CGLD/USDOverview - Overall, could have an ascending triangle or triple top pattern occurring and whatever pattern it is will determine future price bounce. Let's start from the top! Price Chart - If price breaks above the 20MA(green) and 50MA(yellow), breakout could occur. Especially if the 20MA can get above the 50MA - Both patterns are marked on the chart: *If triple bottom, price could bounce off the resistance and return back to support. *If ascending triangle, price could continue past resistance to retest the ATH - Good to see the 200MA near the support line(red) - Best entry would be when price is retesting support with stop loss set at second to last low or 200MA support - As always, if BTC dumps could see CGLD break support. However, long-term higher prices could still be in play RSI - Making a symmetrical triangle pattern that usually results in a breakout - Plenty of room to grow if breakout does occur Stoch - Showing a nice rising structure which could indicate CGLD has strong momentum that has the potential to retest ATH - Other coins had this rising structure before they popped. CGLD could just be lagging behind BTC NOW - Overall could see short-term lower prices. Text boxes display info Extra Info - Learn about CGLD here: celo.org - CGLD VOLUME: coinmarketcap.com If you enjoyed this analysis or learned something new, please LIKE this idea 👍 FOLLOW for important updates for this coin and helpful trading strategies 🏆 Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action. - Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has: * OVER 70+ Basic/Advanced Trading Terms * Trading Concepts to Help Jumpstart Your Trading For Any Experience Level * TONS of Trading Patterns with Homemade Examples/Videos * HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits -Happy Trading MoneyGrind
COINBASE:CGLDUSDLong
by MoneyGrind
$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!
COINBASE:CGLDUSDLong
by CaffeinatedCryptoo
7
Going flat is usually a bad thing for CGLDIn my opinion: This usually means the whales have too much control over the volatility and they are minmaxing it (Big buys and sells on both sides), which means it's lost momentum. On the bullish case: We are being held at a very high price. CGLD doesn't like to be held up without a reason.. We also have not made a lower low. Until then, bullish case is still strong. If it drops below $5.1, I'd expect to eventually hit the trend line. Note: FYI at this moment only 5% of my portfolio has CGLD, down from 100%.
COINBASE:CGLDUSD
by csdailey
4