CELOUSDT
CELOUSDT 4H long setup; Retest of broken resistance completedTA Explained
CELO perfectly retested broken resistance level after breaking it mid February. Resistance turned support now, ready to prepare for the next bullish impulsive move.
Trade setup
Best entries: 3.8922 - 4.0991
TP1: 4.9649
TP2: 5.4783
TP3: 6.5893
SL: 3.4656
RR: 4.85
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.
CELOUSDTentry: around 3.77
TP1: 4.11
TP2: 4.265
TP3: 4.4189
TP4: 4.56
SL: 3.49
Check my website for tutorials, examples and calls :)
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SHORT TERM!! CELOUSDT>> BUYshort term traders can buy celousdt at market at sell at specified target.
🆓Celo/USDT Analysis (29/1) #CELO $CELOCash flow has been pouring into CELO quite strongly since the beginning of 2021 and CELO is almost ready for a new rally as it continuously keeps its price when approaching the moving average line MA50.
We can expect a strong pump like the beginning of the year
📈BUY
-Buy: 2.8-2.9$. SL B
📉SELL
-Sell: 3.3-3.4$. SL A
-Sell: 3.6-3.7$. SL A
-Sell: 4.4-4.6$. SL A
-Sell: 5.0-5.2$. SL A
♻️BACK-UP
-Sell: 2.8-2.9$ if B. SL A
-Buy: 2.4-2.5$. SL B
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
Celo - This project could be HugeI am following this coin for a long time. And still it hadn't failed to impress me. Project is good and working.
There is a cup and handle formation on daily chart. we can see some serious gains in coming days.
SHORT TERM!! CELOUSDT>> BUYSHORT TERM TRADERS CAN BUY CELOUSDT AT MARKET AND SELL AT SPECIFIED TARGET.
CELOUSDT IS IN BUY ZONE!CELOUSDT IS IN BUY ZONE.
THE PAIR WAS LISTED ON OTHER EXCHANGES A LOT BEFORE LISTING ON BINANCE.
THE LONGER TERM TARGETS CAN BE MUCH MORE HIGHER.
Can it break out & key resistances to watch for next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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