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Celo

CELO- Major Resistance Ahead (Breakout or Correction?)Our chart says: Major Resistance Ahead: Breakout or Correction? We will know soon if this level will be too much for the price to rise or if it will be breached and offer us an opportunity for a breakout. The way we work is simple: we follow many assets, study the charts and look at levels that can offer new entries for Long positions or retracement. CELO had offered us one of those fantastic trades (allow me to say epic) where we called a breakout perfectly the price went 150% higher in 2 hours (!!!) before we called the short nicely on it's way back to earth... Assets like CELO have interest both for the Long run but also for those looking for volatility (day traders) alike. So yes, we are on the lookout and what remains to be seen is if CELO will be able to break over or fail at this upcoming resistance. Volatility inbound.. the FXPROFESSOR
Long
by FX_Professor
2
CELO TARGET 30-40 usd for Q1 2022 HyperboomImagine a world where there’s never a need for a physical bank… customer service… or staff of any kind. That’s not a wild science fiction dream anymore. It’s happening right now. In what may prove to be among the most valuable use cases for blockchain, we’re witnessing the birth of a brand-new distributed financial system springing up to parallel,and ultimately, rival the traditional financial system. I’m talking about decentralized finance (DeFi). And it will do for finance what the internet has done for so many other businesses: Replace a high-cost middleman with a low-cost one.DeFi uses cutting-edge blockchain technology to slash costs by doing away with the need for trusted third parties. Eventually, it’ll make banking, borrowing, lending, and investing more accessible and cheaper for billions of people. That’s where our first pick in this special report comes in: Celo (CELO).Celo gives anyone in the world with a smartphone access to public blockchains and financial services such as banking and lending.Celo is designed for mobile use and offers speed, transparency, and low costs. By using phone numbers as public keys instead of a long, random String of words and letters – that’s almost impossible to remember and too easy to input incorrectly – it aims to reduce one of the main barriers of entry to crypto. Today, there are nearly 4 billion smartphone users around the world. And Celo opens the doors to new possibilities to every one of them, like DeFi applications and payments. But where it’ll really make a difference is with those who are locked out of traditional finance. Take, for instance, the nearly 2 billion adults around the world who don’thave access to financial services.Of these individuals, an estimated two-thirds own a smartphone. That’s over 1 billion potential users who could use Celo for financialservices previously unavailable to them. Celo has also gotten support and interest from many companies around the world. Today, over 140 projects and companies are expanding on its ecosystem.One of its latest partnerships is with Deutsche Telekom, the largest telecommunication provider in Europe by revenue, with over 242 million mobile customers.The mobile carrier will allow validators on the Celo network to send verification text messages to its users. This improves the security and reliability of decentralized phone verification, which is what makes the Celo blockchain easy to use. In addition, T-Systems MMS, the subsidiary of Deutsche Telekom, will operate a validator group to help secure the network and further develop Celo’s infrastructure.To date, Celo has raised over $65 million from several big players in the industry, including Polychain Capital, Coinbase Ventures, Dragonfly Capital, LinkedIn co-founder Reid Hoffman, and founder of Twitter and Square Jack Dorsey.These are just a few of the many institutions and individuals backing Celo’s journey to become the premier decentralized global payment infrastructure for entrylevel users. The Celo Hyper Boom Remember, a Hyper Boom occurs when you have a massive influx of new users coming into crypto. Catch-Up Coins are some of the most sensitive coins to usage spikes. We find the best Catch-Up Coins by buying into projects that are seeing explosive usage, but their price action is either trending down from its peak or trading sideways. When CELO first came on our radar, its price had plunged 70% from its April peak. Since then, it’s seen an increase in usage and its price has rallied (see the first chart above)...You can see the increased usage in the second chart above...As you can see, the price action is not telling the whole story. Now, CELO has begun to move up, which means it’s in the initial stages of its Hyper Boom phase.But we think there’s a much larger move ahead in the coming weeks as Celo launches its cross-chain bridge to Ethereum. This will enable users to move assets between the two networks.In the past, an efficient bridge to Ethereum has proven to be a key growth element for other blockchains. And we expect the same for Celo. As mentioned above, there are about 4 billion smartphone users. And 1.3 billion of them are unbanked. This makes them prime targets for Celo’s services. Let’s say Celo can capture 15% of unbanked individuals who own a smartphone – or about 200 million users – over the next five years.If each of them makes just one transaction per day… the network would process over 73 billion transactions per year.Now, let’s assume each transaction costs one cent. And it’s paid in CELO. That would translate to roughly $730 million in yearly demand for CELO.To get a sense of what this means for the price of CELO, we can compare it to Ethereum.In August, Ethereum users spent nearly $700 million on transaction fees. That’s about $8.3 billion in annual demand for ETH.Ethereum ended August with a $404 billion valuation. That’s about 49 times the annual demand for ETH ($404 billion / $8.3 billion = 48.7).Based on our forecast above, if we give CELO the same multiple as Ethereum… its value would be about $35.5 billion ($730 million x 48.7).At a market cap of $35.5 billion, each token would be worth $144.05 based on the current token supply… or a 2,747% increase from today’s price.That’s enough to turn a $500 investment into $14,234. And every $1,000 investment into $28,468.And remember, this estimate only assumes Celo captures 5% of smartphone users (banked and unbanked). If Celo could double that projected market penetration rate… under a blue-sky scenario, each CELO would be worth $288.10.That’s a 5,593% increase from today’s price, enough to turn $500 into $28,468 and $1,000 into $56,936.It’d take nearly 47 years to make those types of gains in the stock market. By adding CELO to the portfolio today, we’re investing in the infrastructure that will improve financial services for the world’s unbanked population. Action to Take: Buy Celo (CELO). Buy-up-to Price: $12 Stop Loss: None Buy It On: Coinbase (Under the ticker CGLD), KuCoin, Binance
Long
by MichalMajzlik
2
CELOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a daily time frame. As you see, the price has strongly broken the resistance line and stabilized above it. We expect it to be able to touch our target. We drew a support line that the trend may hit it and move towards the target again. We can place a purchase order at this point and at the point where the support line is drawn. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
by MarsSignals
CELOUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
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
🆓Celo (CELO) Sep-16 #CELO $CELOCELO has good support at 5$ zone and it could move up to 6.5$ or even 8$ and 10$ in next days. But we need to pay attention to 6.5$ zone because this zone is very strong. But if it loses 5$ zone, it will fall down to 4$ or even 3.2$ zone at late September 📈BUY 🔴Buy : 4.88-5.12$. SL if B 🔴Buy : 6.35-6.65$ if A. SL if B 📉SELL 🔴Sell : 6.35-6.65$. SL if A 🔴Sell : 7.8-8.2$. SL if A 🔴Sell : 9.75-10.25$. SL if A ♻️BACK-UP 🔵Sell : 4.88-5.12$ if B. SL if A 🔵Buy : 3.9-4.1$. SL if B 🔵Buy : 3.12-3.28$. SL if B ❓Details 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone
Long
by CryptoStation
CELOUSDT🌟we always hunt for great potential coins which can go BOOM in the situations, here is another one just wait for its recent sideway again to be finished and let the alt season start running its bullish bias, this chart just needs a motivation to go for our goals 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
Long
by the-crypto-analyzer
6
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