CELO- Up 150%, Down 40% - Shall we Buy again now? 🤩Check the previous Celo post, today was Celo day.
Price approaching what now will be great support.
One Love,
the FXPROFESSOR
CELOBTC
CELO - Insane Day (150% Higher 2 Hours After Our Post) 😲 This is a day to remember. We have done similar posts going crazy wild (Like last week with AVAX ) but this is quite something.
You may call it luck and yes partially it is luck since a 100 million deal took place out of the blue BUT at the end of the day it's a success repeated frequently so allow me to brag and analyze it for you:
1.Fundamentals come first
We did research, we compared to competition, we looked at Tokenomics, we looked at the team behind it and THEN we proposed it to you here
I am Greek, and ancient Greek rule is: 'Do NOT believe in Luck'
2. Chart is Art
We are constantly looking at charts with the methods we use (part of it we share it here, part of it we share with some people working closer to us and part of it we keep for ourselves completely).
The way we work is simple; out of the many charts we try to identify the one that shows more momentum and has higher probability to break out.
3. The future in Crypto
You might as well start forgetting the times when everything rises or massively sinks because Bitcoin went up or down.\
You might as well start forgetting the times when every crypto will go up and you just Hodl and research is not needed
You might as well start being more educated now because the cryptos will stay but at the same time they will change. Bitcoin will become less volatile in 6 months to a year and the crypto market will not be so dependent on it.
i will get back to this words in dew time, in the meantime ok Celo, enough for one day
the FXPROFESSOR
🧝🍄CELO - 40% Higher Just an Hour Later ⚗️🦄Yes, I am not kidding; and no I didn't just buy 100,000,000 of Celo
It just happened that my chart tends to help me pick winners on a bad day, that's all
(we did the same with AVAX a few days ago).
News are great again and CELO has well been selected as one of our top picks for 2021. Patience always works because our research tends to be good (we had called it second quarter unicorn).
one Love,
the FXPROFESSOR
CELO - Thumbs Up 👍🏽We like our charts close to support and far from resistance. Celo is right now one of our favorite charts, despite the good profits of last week.
CARE USA, a leading humanitarian organization fighting global poverty, today announced that it has selected Celo , an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone, to leverage the benefits of blockchain technology for the first time in its program in Latin America.
Recent integrations seem to have given Celo’s price a boost.
First, QuickNode, a building infrastructure to support the future of Web3 recently announced support for Celo. Second, Celo announced its partnership with DuniaPay, a full-service digital banking app, to ease financial services for residents in West Africa. Earlier in August, CARE USA, a leading humanitarian organization fighting global poverty chose Celo as one of its First Blockchain Partners in Latin America.
Other technical analysts tend to agree with my view here
Let's play some Celo tunes again,
the FXPROFESSOR
CELO- Time for 5?One of our favorites, CELO price over support and at a good new entry point for a long position.
Celo is a hidden winner!Hi Guys
Fundamental analysis suggests Celo with their smart phone focus for encouraging mass adaption of crypto could be one to watch, right now it has seen some serious gains, gaining over 167.8% compared to bitcoin in the last few days. It has lost some of those gains but I believe we are just at the beginning of what could be an even bigger bullish run.
Technical analysis on the CELO/BTC chart suggests we are seeing some serious interest in the form of volume, bullish price surges have been noticeably higher than bearish prices drops in the current parallel channel Celo has been forming, we've retested the upper boundary of the channel 5 times and only twice on the lower boundary.
If we break the upper boundary convincingly their are a few resistance points to look out for but the closest strong resistance would be between 0.000197 to 0.000245. These points may be a good point to take profit or convert some of those gains to bitcoin. Of course, depending on your risk management, there are higher resistance points that Celo could reach which would mean even greater gains: 0.00029; 0.00036; 0.00049.
As with all alt coins, monitor closely and be prepared for big swings up and down; I think this could be a big winner, I also think that it is very overlooked, which is the best point to buy, when everyone starts talking about it then you're probably close to a topping out, maybe not a full crash but a strong correction.
What do you guys think, is this just a brief pump or dump or has this got fundamental value that is just recently being recognized in the chart? I've been keeping an eye on Celo before it's big pump and the fundamentals say to me this run is not over, not by a long shot, would love to hear your comments..
*Disclaimer: Not financial advice, please do your own research before investing.
Celo is about to breakout! CELO/BTC Daily Chart.I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the breakout to a successful uptrend
What do you guys think would love to hear your comments?
DISCLAIMER: Not professional advice, just opinion and should not be used to make investment decisions.
CELO- Our preferred Option for a Long at this stageCelo has proven as right and did well even while Bitcoin was crashing.
Our selection for this second quarter (which by the way ended up being a sour one) was mainly Cardano, Sia, Vet and CELO.
Given the circumstances I think we did well and hopefully a strong recovery of BTC in July can serve us well.
For the time being we need to be defensive and go Long selectively until things are clearly. Celo is our main pick at this very moment and already in profits today despite BTC still dropping
the FXPROFESSOR
CELOBTC going longCELO at ATL rockbottom is a bargain either to swing, day trade or HODL. I am opting for the later targeting 100% from here. While FIB R is showing CELO is below 0.786 on the weekly, my built-in indicators just now gave a green light to go long.
A big thanks to my fellow here 'Cryptough' for bringing this jewel back to my attention....
Celo about to breakout after multiple tests of that resistancePretty clean and simple setup. Celo has been one of the biggest laggards so far, but it has been listed on Coinbase, has big backers and recently got a big investment by Deutsche Telekom.
celobtc accumulation about to endCelo looks great against btc.
There are multiple bullish signals.
Nice green volume.
Completing wave D of the accumulation pattern, wave E could be very small, therefore it could be noticed on a small tf. A breakout of the resistance line could propel it very high.
On top of that it's backed by some fundamentals (recent partnerships).
We could see a trend change pretty soon.
As usual this is just for educational purpose
CELO XLM CORRELATIONHrm. Looking more in-depth at recent data we contemplate the possible of a delayed alt spike correlated with CELO's defiance of broader market momentum in the past few days.
As always, we are preparing ourselves for possibilities.
CELOUSD (CELO) - UPTREND CONTINUATION ANALYSIS 🔎
- CELOUSD brokeout above the bullish flag resistance and hit an ATH.
- The market is currently undergoing retracement.
- Price is testing the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- ATH (all-time high) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
