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...
The price of Celo has been mostly stable after a recent downtrend. It looks like the short interest is low. Celo has lots of potential as a blockchain. That said, everything said is on an opinion-based basis. Please invest at your own risk. Any actions you do are at your own risk.
Fib.... everything. Fib your charts, your life, and your wife. Fib it alllllll. Because it works. Check out that volume spike too. Great jump. If the vol stays up a little on the retrace, find an entry and make some money. But man.... cool chart.
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...
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...
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...
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...
CELOBTC is testing the weekly resistance with nice volumes. IF the price will have a breakout and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
CELO at ATL rockbottom is a bargain either to swing, day trade or HODL. I am opting for the later targeting 100% from here. While FIB R is showing CELO is below 0.786 on the weekly, my built-in indicators just now gave a green light to go long.
A big thanks to my fellow here 'Cryptough' for bringing this jewel back to my attention....