CELOUSDT trade ideas
CELOUSDT h4The chart is trapped between two trend lines,one ascending and one descending.With another attitude we can realize that the chart formed a triangle pattern.If the the chart breaks the higher side of the triangle,it is probable that it will go high as our target but we should be careful about those resistances.If it breaks the lower side it would go down but those supports may support the chart and that would make an opportunity to open a long position down there.
CELOUSDT cup&handle#CELOUSDT price is above middle line of parallel channel, also there is a Cup & Handle pattern that shows the upward move
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).
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CELO - D - x6 from nowCELO still in really good entry to buy and hodl
Buy now: $4.6 to $4.1
Stoploss no
Take profit: $8.6 - $24
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CELO/USDT Move incomingCelo has broken back into the rising channel after a solid pump. Within the next 4-8hrs a trend for celo will be established. If the bottom trend line of the channel holds it will prove to be a good entry area. If the price drops and closes below the bottom trend line then we could see further side ways action. A good entry to accumulate celo is the .5 fib level since it has proven to be strong support. If price falls below that, then celo will be in a short term bearish trend
Celo has formed cypher pattern with shooting star candlecypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$3.88
tp2=1.13 BC=$2.95 *$2.5 maybe sufficient target*
tp3=1.6 BC=$2
tp4=2 BC=$1.5
CELO May Give Short Term Gains Upto 50%Celo coin price traded at $3.94 with a gain of 3.33% in the last 24-hour. In contrast, the market capitalization stands at $39 million. Technically, investors can perceive a negative crossover in SMA for a short while. Moreover, the movement of price can be towards the resistance of $5.58.
Resistance: $5.58
Support: $3.62
CELO Market Cap Reaches $1B, Also Framed An ATH Of $7.24CELO coin price traded at $5.97 with a gain of 32% in the last 24-hour and 35.31% up in the weekly time frame. Furthermore, CELO bounced from the support of $3.85. In contrast, the market capitalization stands at $1.22 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above all the EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the resistance of $7.26 in future trading sessions.
Resistance: $7.26
Support: $3.85
Deutsche Telekom invests in CeloIs it too late to invest in Celo ?
Deutsche Telekom has invested in Celo, a blockchain payments platform that allows mobile phone access to “decentralised finance” projects that allow users to bypass traditional financial firms, the company said on Tuesday.
It did not disclose the size of the investment.
Deutsche Telekom has also bought an unspecific amount of the Celo digital token used on the platform, it said, following major firms such as Tesla Inc to hold cryptocurrency in their coffers.
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CELO- Our 2nd Quarter pick is 30% higher todayCello is a project we have liked to invest in, we also called it one of our 3 'Second quarter picks'.
Well, today it is 30% higher and looking great for more (maybe not today but very soon).
Fundamentally it combines mobile technology and blockchain currency/transactions- something like what Libra (Facebook) would like to be.
CELO: Big bullish signalCELO broke out of this major resistance. I believe the price can go up 50 % or more from now on.
CELO is ready to decide where to goI would stop at red area but I think CELO deserves to be higher than 10usd in this garbage coinmarket.
CELO Broke a flag pattern What now? 👓Hello Traders. I hope you are having successful trades.
Today I want to talk about CELO. Here in 4H timeframe as you can see, price has managed to break out of a flag pattern and I expect it to grow from here.
1st target is 5$ 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.
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Thank you guys for reading my idea on CELO and don`t forget to comment what you think. ✌
