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CGLD

Celo forming a beautiful inv h&s patternCurrently wicking below the neckline on the right shoulder…I’m not 100% confident it will trigger a breakout on the first candle of the right shoulder to reach the neckline, so I arbitrarily moved the measured move line a few daily candles forward to give it some time to fight the neckline resistance…whenever we see that it has clearly triggered the breakout above the neckline then I will readjust the dotted green measured move line accordingly to the point of the break out. For now it’s just been placed there arbitrarily. Will update when and if we have a valid breakout….there’s no guarantee we will even validated a breakout just yet. The way the market is going recently probability currently favors a breakout slightly, but my guess is it will take a few candles testing the neckline first as we can see that the current daily candle is wicking down exactly after testing the neckline. *not financial advice*
COINBASE:CGLDUSD
by DrDovetail
2
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listen to it seems, because 2 days before CELO's--or as Coinbase denominates it--CGLD's breakout to 10.8, I drew up an unpublished chart which illustrated my reasoning for thinking that it was due for a double-up at least very soon (basically it seemed to me it was at the tail end of a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
Possible 15-30% Gains on CGLD/USDOverview - Overall, could have an ascending triangle or triple top pattern occurring and whatever pattern it is will determine future price bounce. Let's start from the top! Price Chart - If price breaks above the 20MA(green) and 50MA(yellow), breakout could occur. Especially if the 20MA can get above the 50MA - Both patterns are marked on the chart: *If triple bottom, price could bounce off the resistance and return back to support. *If ascending triangle, price could continue past resistance to retest the ATH - Good to see the 200MA near the support line(red) - Best entry would be when price is retesting support with stop loss set at second to last low or 200MA support - As always, if BTC dumps could see CGLD break support. However, long-term higher prices could still be in play RSI - Making a symmetrical triangle pattern that usually results in a breakout - Plenty of room to grow if breakout does occur Stoch - Showing a nice rising structure which could indicate CGLD has strong momentum that has the potential to retest ATH - Other coins had this rising structure before they popped. CGLD could just be lagging behind BTC NOW - Overall could see short-term lower prices. Text boxes display info Extra Info - Learn about CGLD here: celo.org - CGLD VOLUME: coinmarketcap.com If you enjoyed this analysis or learned something new, please LIKE this idea 👍 FOLLOW for important updates for this coin and helpful trading strategies 🏆 Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action. - Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has: * OVER 70+ Basic/Advanced Trading Terms * Trading Concepts to Help Jumpstart Your Trading For Any Experience Level * TONS of Trading Patterns with Homemade Examples/Videos * HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits -Happy Trading MoneyGrind
COINBASE:CGLDUSDLong
by MoneyGrind
CELO Coin heading for it's ATH soon? Following its recent increments and breakouts after consolidation, each time the period between has increased in frequency and become shorter. Holding closer to its peak. CELO is due to launch its EURO stablecoin for it's network in March. It is a network that is aiming to enables crypto payments to and from mobile numbers instead of long addresses and wallet set ups, a bridge between the current crypto wallet and a more user friendly process. The price has already increased dramatically in the last month, could it be coming to a head Similar to how NU (Nycypher) did in a similar fashion?
by Joeyqt
1