Trade ideas
CELO Broke a flag pattern What now? 👓Hello Traders. I hope you are having successful trades.
Today I want to talk about CELO. Here in 4H timeframe as you can see, price has managed to break out of a flag pattern and I expect it to grow from here.
1st target is 5$ which is a static resistance and also a psychological resistance and the 2nd target is around 6.3$ which is obtained from flag pattern rules.
Once price breaks out of the flag, it can grow the same as the first leg or the base of the flag. Stop loss is shown in the chart.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on CELO and don`t forget to comment what you think. ✌
Great trade🔥Hurray, wolves🔥
There is our lovely formation
Symmetrical triangle on CELO/USDT.
There was a strong bullish sentiment before the price entered into consolidation.
Then price has drawn symmetrical triangle formation oh 1h frame.
According to Elliott Waves theory Wave D was done and then price broke resistance level after a small correction.
We are expecting the growth of the price.
So follow the chart and look for the best price to enter carefully.
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CELOUSDT is waiting for the breakout 🦐The price tested the daily resistance and got a rejection. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CELO/USDT - Long potential due to trend reversalCELO/USDT pair has formed a double bottom on the 1H timeframe.
Even though the pattern might not look reliable at first, a key thing to note is the RSI divergence
While the price has formed a lower low, the RSI has moved upwards. This indicates that the bulls are gaining momentum
The price has broken the neckline so the pattern looks successful. The ATR value is low which indicates that volatility is going to increase
Look to time your entry around support using RSI for momentum based swing trades
Great trade🔥Hey, wolves🔥
There is one more interesting formation for you.
Descending triangle on CELOUSDT.
Previous bullish trend was broken and price started to fall. Now the price is in a consolidation.
According to Elliott Waves theory Wave D is done and now the price is heading to Wave E.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
Mr.Trade💰This idea looks similar with our previous idea ATOM/BUSD
There was a strong bearish sentiment before.
The price is a consolidation now.
According to Elliott Waves theory Wave D is done and price is heading to the Wave E.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".






















