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CELO / TetherUS

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CELOUSDT trade ideas

CELO/USDTANY FEEDBACK WOULD HELP ME OUT, SO I CAN UNDERSTAND IF IM DOING THIS RIGHT!!! CELO/USDT. As you can see from the chart we have a descending triangle pattern occurring, making lower lows and lower highs. Using the Fib retracement from the highest point of each high, we can see each time the new highs are hit exactly on the golden ratio, where the current candle is you see we are directly on the golden ratio meaning that we could see it bounce off. However from the RSI indicator we have crossed over showing not a lot of buying pressure. Could see this dip down below following the descending triangle pattern.
Short
by aidenmccauley12
CELO, it's worth waiting for clear preconditions. CELO is in a big value area. It is worth highlighting that the price has broken the trend line and tested it as support. This is a good signal. At the moment the price is in the middle of this range and there are no clear prerequisites to open a position. In case of a squeeze and breakout of the key level, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
3
Mixed signals on CELOOn the positive side, CELO has broken the Trend Resistance and the 4-hour chart (not shown) suggests we may bounce off the new support line. That bullishness, however, should be tempered with the Daily chart which suggests Buyer Exhaustion is on the horizon. In addition, I'm seeing negative pressure that could signal a sharp downward move. The chart is too risky for me, I need to see some Daily bullish signals before considering a long. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
3