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 :-)
Strong mutha-fudging chart and protocol! Look at the volume coming in during a sell off in the general markets! Double your dough with a buy here :-) That's what I am doing... LET'S GOOOOOOO!!!!!!! CELO is BEING SLEPT ON!!!! An open protocol that allows applications to make transactions with and run smart contracts in a secure and decentralized fashion. AND MOST...
CELO/CGLD alone is the only one of 6 digital assets promoted as top in class regarding decentralization, scalability & energy cost, by the World Economic Forum to have a total supply Market cap below $10B. The price target of ~$28 would place CELO with a Market Cap just shy of $9B. This would place it in the lower value end of it's fellow WEF tokens, ADA ($66B),...
A more conservative idea to temper the giddy one I posted yesterday: the first of three vertical green bars painted on 30 August may be conceived as the start of a support trendline that's since manifested into the bottom of what appears to be a bullish flag formation.
If so, adding the difference between CGLD's/CELO's open...
After the pump a few days ago, price has consolidated and entered a period of accumulation. Price action on micro time-frames seem to suggest this is about over. I'm expected a scam wick down and then for price to resume its uptrend. I picked up a small bag here.
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10.8, I drew up an unpublished chart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...
Celo looks great against btc.
There are multiple bullish signals.
Nice green volume.
Completing wave D of the accumulation pattern, wave E could be very small, therefore it could be noticed on a small tf. A breakout of the resistance line could propel it very high.
On top of that it's backed by some fundamentals (recent partnerships).
We could see a trend change...
Getting back to trading more this year. Lots of reward from here on for $CGLD, one of my favorite coins Celo! The Celo org emphasizes the potential social impact for its project to serve underfinanced people around the world and I'm a fan of that. They also have a mobile app called Valora which aims to make their project more accessible to...
- 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!
- 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:
CGLD rocketed up to 5.0 on 3/29 and pull back. It has since made a nice rounded bottom - a bullish pattern. Now it’s building up pressure right below the 5.0 resistance, ready to explode up. First target is the Fibonacci extension of 1 and resistance at 5.6.
In my opinion: This usually means the whales have too much control over the volatility and they are minmaxing it (Big buys and sells on both sides), which means it's lost momentum.
On the bullish case: We are being held at a very high price. CGLD doesn't like to be held up without a reason.. We also have not made a lower low. Until then, bullish case is still...