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It can be seen on this chart that the moving averages (especially the 50 and 100MA (death-crosses) more evident) are following repeating moves while the 200MA moves steadily higher
We can use this information to predict the price action within the channel placed
I expect a small move upwards to the top of the channel and then rejection back to the bottom of the...
CELO has a strong support at $5.5 and it can increase sharply in the near future from this zone to $6.5, $7.50, $9 and $11. But if it loses 5.5$ zone, we can buy it back at 4.5$
♻️Condition : If 1-Day closes ABOVE 5.5$ zone
🔴Buy : 5.5
🔴Sell : 6.5 - 7.5 - 9 - 11
♻️Condition : If 1-Day closes BELOW 5.5$ zone
🔵Sell : 5.5
CELO / BTC - WEEKLY CHART
A) Fib circles showing price support and resistance points.
B) Fib levels with the 1.0 and 1.618 shown in yellow and green respectively
The price is currently hugging the green 0.618 circle. It is showing a strong level of support.
CELO is volatile but has a lot of potential in my view, it has...
Our chart says: Major Resistance Ahead: Breakout or Correction?
We will know soon if this level will be too much for the price to rise or if it will be breached and offer us an opportunity for a breakout.
The way we work is simple: we follow many assets, study the charts and look at levels that can offer new entries for Long positions or retracement.
$Celo is testing two strong supports, a horizontal one around $5.059 and a midterm trend line shown on the chart.
I do not see a reason to miss this long opportunity.
Don't forget money management.
Stop loss below the mentioned supports.
Sushiswap is another great project. Recently joined Celo, Aave, Curve and more in DeFi for the People . This is the direction I want for crypto, for it to be accessible for everyone, including those who don't understand the tech behind it. Celo and Sushi will make a big push in 2022.
Looking at the technicals SUSHI had some trouble after the last big pump when...
A coin that seems to move in silence. Not a lot of attention. Focus on world adoption of crypto, low cost defi with lots of collaborations and investments. Celo has what it takes to be a major player in the game.
Skipping fundamentals for a bit, let's look at the technicals. Looking at the 4 hour chart, Celo has been moving steadily upwards with some pumps on...
CELO - USDT - Volatility Contraction Pattern
Great chart configuration
Volatility Contraction Pattern
Marker general profile is bullish
Let see the development of this chart pattern which looks promising
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price has strongly broken the resistance line and stabilized above it. We expect it to be able to touch our target.
We drew a support line that the trend may hit it and move towards the target again. We can place a purchase order at this point and at...
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
This is what I am seeing potentially playing out... a bullish "W" pattern. Target takes CELO to its recent ATH and likely a breakout beyond. This is a really solid project held by institutions, so it's a "buy" to me! Btw, do you pronounce it "SeeLow" or "Chello"? I've heard both -haha :-)
The most reasonable scenario :
If BTC continues to move sideways or up, Celo will explode and soon return to $11
Target: 6,6 - 7,6 - 8 - 9,8 - 11$
The Worst Scenario:
If BTC corrects down, Celo will retest $3.8. Then the next prices will be:
3,8 - 5,6 - 6,6 - 7,6 - 8 - 9,8 - 11$
I choose the best scenario!
Wants to break that resistance trendline, bounced up from the support level, and need to break out from overhead resistance. I would like to see more volume... SRSI and RSI look ok for a move up and look like the golden cross coming on MACD also...Good luck traders
CELOBTC Finally broke above this trading range after a long period of time. The retest of the broken area was the right place to enter the trade.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY...