Hi dear friends, hope you are well, and welcome to the new update on Celo coin with US Dollar pair.
Previously we caught a nice trade of CELO:
Now on a daily time frame, CELO has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Hi dear friends, hope you are well, and welcome to the new update on the Celo coin with Bitcoin pair.
Previously we had a harmonic trae of CELO:
Now on a 2-hr time frame chart, CELO has formed a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On left the Weekly chart is displayed showing a recovery on the bottom band of the Gaussian Channel
This adds support to the theory on the right, which observes price in both cases retesting a trend line and being rejected
Recovery hodls potential
CHART OVERVIEW - Celo / BTC (8 hour chat on binance)
ANALYSIS - Celo travelled through a long falling wedge after breaking out and currently moving sideways within an ascending triangle. After a fakeout to the downside, spring off of support at 0.000094; Celo is now on track for more upside.
CONCLUSSION - The chart shows key resistance levels, first challenge is...
CHART OVERVIEW
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
ANALYSIS
The price is currently hugging the green 0.618 circle. It is showing a strong level of support.
CONCLUSSION
CELO is volatile but has a lot of potential in my view, it has...
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...
Upward momentum follows the formation and completion of the inverse head and shoulders
Preceding this was a double bottom that allowed the price to break to the upside similarly
Hi Guys
Fundamental analysis suggests Celo with their smart phone focus for encouraging mass adaption of crypto could be one to watch, right now it has seen some serious gains, gaining over 167.8% compared to bitcoin in the last few days. It has lost some of those gains but I believe we are just at the beginning of what could be an even bigger bullish...
I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the...
