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.
CELOUSDT
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.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on CELO and don`t forget to comment what you think. ✌
Great trade🔥Hurray, wolves🔥
There is our lovely formation
Symmetrical triangle on CELO/USDT.
There was a strong bullish sentiment before the price entered into consolidation.
Then price has drawn symmetrical triangle formation oh 1h frame.
According to Elliott Waves theory Wave D was done and then price broke resistance level after a small correction.
We are expecting the growth of the price.
So follow the chart and look for the best price to enter carefully.
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Great trade🔥Hey, wolves🔥
There is one more interesting formation for you.
Descending triangle on CELOUSDT.
Previous bullish trend was broken and price started to fall. Now the price is in a consolidation.
According to Elliott Waves theory Wave D is done and now the price is heading to Wave E.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Mr.Trade💰This idea looks similar with our previous idea ATOM/BUSD
There was a strong bearish sentiment before.
The price is a consolidation now.
According to Elliott Waves theory Wave D is done and price is heading to the Wave E.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
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.
🆓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"
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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