CELOUST trade ideas
CELOUSDT.1DThe daily chart for Celo (CELO/USDT) displays a price structure that is forming a descending triangle pattern, which is often interpreted as bearish. The price is consolidating, with resistance (R1) at $1.1449 and a flat support level (S1) that seems to have been tested multiple times.
The price at the moment of the chart was $0.8488, and if the price breaks below the support level, it could signal further downward momentum. The resistance line, currently at $1.1449, is the level to watch for a potential bullish reversal if the price were to break through.
The RSI is leaning towards the lower half at 43.25, suggesting that there might be more room for downward movement. The ADL line is relatively flat, suggesting that there is not a clear trend in terms of accumulation or distribution.
Traders might look for a break below S1 as a confirmation of the continuation of the bearish trend, possibly with a target set near the previous lows or lower. If the price breaks above the resistance line, it could invalidate the bearish pattern and suggest a potential change in trend, where R2 would be the next target. As with any pattern, confirmation with increased volume on the breakout would provide additional
#CELO/USDT#CELO
The price is moving in a bearish channel pattern on a 12-hour frame, which it adheres to perfectly.
We have stability above the moving average of 100.
We have an uptrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 1.07
The first goal is 1.23
The second goal is 1.39
the third goal is 1.56
CELO/USDT Gearing up for a Bounce Back From the Bullish OB 👀🚀💎Paradisers, let's focus on the recent market dynamics surrounding #CELOUSDT.
💎Right now, #Celo is bouncing from the Bullish OB area, which suggests positive momentum in the market. There's a good chance for the asset to challenge the resistance trendline overhead, hinting at a potentially strong upward move.
💎If #CELO manages to break through this resistance, it could signal a continuation of its upward trajectory, with the potential to reach our target resistance zone.
💎However, if SEED_DONKEYDAN_MARKET_CAP:CELO doesn't manage to break out and gets rejected by the resistance, it could trigger a downward turn, possibly retesting the Demand area to rebuild momentum.
💎It's crucial for #CELO to rebound from the Demand Area. A breakdown below this point could lead to further declines, dragging Celo towards lower support zones or deeper into bearish territory. Keeping a close watch on how CELO behaves at these key levels is essential.
#CELO/USDT#CELO
The price is moving in a downward channel trend on a 4-hour frame and is sticking to it well
After bouncing from a major support area in green at the level of 0.670
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.0200
The first goal is 0.830
The second goal is 1.00
Third goal 0.744
CELO ANALYSIS (1D)After completing the diametric, CELO has entered a bullish wave that looks like an ABC or complex pattern.
Wave A of this bullish wave is over and we are now in wave B. There should be another bullish C wave.
The green range is a suitable range for sell/short positions.
The main targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank Yo
#CELO/USDT#CELO
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area from which the price rebounded at $1
We have an RSI trend coming up. The fraction is up
We have a higher stability than Moving Average 100
Entry price 1.27
The first goal is 1.39
The second goal is 1.58
Third goal 1.89
CELO (CGLD) - {USD} 2024 Long Term 3xKeep a close eye on CELO short term, manage risk and decide when to buy or to short. But long term. CELO will easy 3x!
Support Broken= $1.08
New Support= $1.08
Resistance= $1.80
Target= $2.30
Smart choice if you decide to invest, would be to buy 50%, then buy another 50% if it drops lower to DCA :)
Breakout for CELO: Price Eyes $1.56 After First Hurdle ClearedA bullish breakout pattern on the 4-hour timeframe. This crescent-shaped breakout, also known as an ascending crescent pattern, indicates a potential price surge in the coming days.
The token successfully breached a resistance level of $1.15, signaling a positive shift in momentum. The immediate target after this breakout sits at $1.38, which CELO has already reached.
Closely watching the price action at this first resistance point. If CELOUSDT can decisively break above $1.38, further gains could propel the price towards $1.56. Conversely, a pullback from this resistance level could see the price retrace back down to the range of $1.23 to $1.15.
CELO to $7....... Without Worries hits 10k followers!A big thank you to all for following Without Worries.
Truly remarkable so many are interested in the ideas I publish.
Hope you all have a Merry Christmas and a Happy New Year!
Ww
To business..
On the above weekly chart price action has corrected over 95% since October 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action prints support on the bottoming red candle. (The large red candle the lower orange arrow is pointing to). Notice how the previous weekly candle closed on top of the bottoming candle? This is significant.
3) In addition to the bottoming candle price action prints support on past resistance.
4) Wedge breakout forecasts 12-15x return as measured from low to high wedge touch points (orange arrows).
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe for long: Yes
Return: 1600% / $7
CELO - Gorgeous buying setup!Dear my friends,
With Celo, I am seeing one of the nicest buy setups appear on the weekly chart.
When you look at the chart, you can see very clearly, the price on the weekly frame has just escaped the downtrend since October 25, 2021.
And more specifically, last week's 2 candles formed a special Inside bar - pinbar setup to confirm the reversal and break the downtrend.
In addition, the strong increase in buying volume is also confirmation of this break.
Although above there is still some resistance. However, very quickly these resistances will become future support areas.
Because BTC will soon have to correct and I'm afraid of missing out, I will use the DCA strategy from here and expect the target price range to be $2.8.
For those of you who use leverage. You can go to setup as shown in the picture.
This is just my sharing when I see such a beautiful setup. Absolutely not an investment recommendation for anyone.
Hope it will help you!
Best Regards,
#CELO Step 5 of 3 Elliott scenariosIn time D1 and W1, it is moving in a medium-term upward channel, which is currently completing wave 4, after which it should start wave 5 of 3, which can grow at least up to the range of 86 cents and then $1. to continue Therefore, note that this current wave should not enter the range of 0.572, in which case this analysis will be invalid.
🎯Frist TP: 0.86
🎯Second TP: 1$
🛑Invalidation LVL: 0.572
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