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CELO / TetherUS

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CELOUSDT trade ideas

Celousdt trading ideaCELOUSDT initially broke out bullish from a falling wedge but faced strong rejection at the critical $1.67 resistance level, triggering a significant sell-off that retraced the entire breakout move. Price has now retested the initial bottom, positioning the market for a potential double-bottom formation, contingent on the $0.3352 support holding firm. If confirmed, the projected upside target extends towards the $4 region, aligning with key structural levels. However, a breakdown below this crucial support would invalidate the bullish scenario, exposing the asset to deeper losses and amplifying downside risks. Market reaction at this zone will dictate the next major move.
by weslad
2
CELO /USDT 1W 🩸 SEED_DONKEYDAN_MARKET_CAP:CELO ⁀➷ #Celo. Macro chart Another 💯 Intermediate Target - $2.40 🚩 Macro Target 1 - $3.20 🚩 Macro Target 2 - $4.80 🚩 Macro Target 3 - $6.70 - Not financial advice, trade with caution. #Crypto #Celo #CELO #Investment #L1 ✅ Stay updated on market news and developments that may influence the price of Celo. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
by Nyskohuz
CELO LONGCelo has bounced every time it touched the lower range around $0.40, usually reaching at least $0.25.However, given the current market conditions, I expect either more downside or a sideways movement in the next few days. The Stoch RSI is gearing up for a bullish cross on the weekly, but historically, the first cross is often followed by a negative one, before a second bullish cross that truly pushes the price higher. So while we might see some short-term upside, we should also be prepared for lower prices before a more significant rally kicks in.
Long
by BOT721
1
CELO 1D. 100% Growth Potential You Can’t Ignore! 12/07/24BINANCE:CELOUSDT demonstrated strong performance in November 2024, driven by a strengthening market trend and strategic developments. Key growth factors include increased activity within the Celo ecosystem, boosted by a newly launched initiative aimed at improving network resilience and attracting developers. As part of this program, the platform announced support for projects in sustainable finance (DeFi) and microfinance, enhancing investor confidence in the ecosystem. Technical analysis suggests a robust bullish global trend for CELOUSDT, supported by a steady daily trading volume exceeding $81 million and a 92.75% correlation with Bitcoin, making the token attractive for both short- and long-term trading strategies. Trading Setup Futures Entry Limits: 0.9773 0.9000 Take Profits: 1.2157 1.4030 1.8129 No stop loss recommended. Spot purchases are also viable at current levels, with the option to accumulate further on dips. The growth potential exceeds 500%. Adhere to proper risk management (1-2% of deposit per trade). Wishing you profitable trades!
Long
by trendbooster
Can #CELO Bulls Maintain the Current Bullish Momentum Or Not? Yello, Paradisers! Is #CELOUSDT gearing up for a breakout or will we see a reversal? Let’s break down the current setup for #CELO and what it could mean for traders: 💎#CELO is showing a textbook cup-and-handle pattern on the daily timeframe, signaling a potential bullish continuation. Currently, the price is hovering around the $0.9437 level, with key resistance lying at the $1.10-$1.30 supply zone. A decisive breakout above this zone could spark a strong rally and attract fresh buyers into the market. 💎If #CELO clears the supply zone, the next target lies around the $1.80-$2.20 range, aligning with the measured move of this pattern. This breakout would confirm a major shift in market sentiment, signaling renewed strength for the bulls and marking a significant milestone for CELO’s recovery. 💎On the flip side, if the price fails to break above the supply zone, it could retest the support zone at $0.733. If the support zone also fails, such a move could trigger a selloff toward $0.58 demand zone, reinforcing bearish sentiment. 💎There should be a bounce from the demand zone. However, losing this level will transfer control to bears for a deeper retracement before any potential rebound. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
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 price is now on the verge of a foul #CELO price is now on the verge of a foul But it is being stubbornly held and pushed upward with a “saw”, so there is a chance that it will be pushed to $0.95-1 or even $1.20-1.28 in this wave of growth However, when making trading decisions, you should take into account the fact that the safe buy zone for OKX:CELOUSDT is in the range of $0.47-0.57 Sooner or later, the price will fall there again _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
1