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!
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 :-)
This is a day to remember. We have done similar posts going crazy wild (Like last week with AVAX ) but this is quite something.
You may call it luck and yes partially it is luck since a 100 million deal took place out of the blue BUT at the end of the day it's a success repeated frequently so allow me to brag and analyze it for you:
💎 CELOUSDT has been moving along the Bullish channel and has been making HHs and HLs. It has broken above an important resistance level and it is expected after the retest it will go higher.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 6.640
☕️ TP1 8.500
🍺 TP2 9.300
🍻 TP3 10.000
the price is declining and is likely to fall to the bottom of the trend line as likely in case of collision and failure of the resistance and the trend line, the price will fall to the first support , and is case of resistance the price line continues to rise to a high resistance level
CELO has good support at 5$ zone and it could move up to 6.5$ or even 8$ and 10$ in next days. But we need to pay attention to 6.5$ zone because this zone is very strong. But if it loses 5$ zone, it will fall down to 4$ or even 3.2$ zone at late September
🔴Buy : 4.88-5.12$. SL if B
🔴Buy : 6.35-6.65$ if A. SL if B
🔴Sell : 6.35-6.65$. SL if A
The price is testing previous highs level (4.731) inside of bullish pennant formation now. A lot of potential here.
average buy current price (4.86) - down to 4.25
Remember about risk management, especially that BTC has been quite volatile lately.
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
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 coin pierced this triangle..
Then she bounced back from $6.5 to retake the test.
If this model is complete, the current prices, and in the event of a drop, "$5.75" is a suitable place to buy as well, to target beyond $7 - $8, God willing.