CGLD / CELO consolidating into a large ascending triangle. Finding support at the confluence of the 21/50 days and trend line support. Volume has been drying up until today on this up move.
1.618% Fib extension is to $25, which seems crazy but a handful of names have been ripping like this. With a market cap of $2.2bn, doesn't seem unreasonable from a size perspective
we are approaching an interesting level of demand and we can easily bounce here,
there is enough space to until the next decent resistance to try a 1 to 3 risk-reward trade
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),...
Find and look up Page 17 of:
World Economic Forum
Cryptocurrencies: A Guide to Getting Started
June 2021
You'll see here the assets chosen for the future.
Price Projection $26
Share the wealth. I will.
On the hourly celo is fighting for the 200 Ema. OBV is showing signs of life and we have a bullish divergence on the vumanchu indicator. Perhaps a reversal.
COINBASE:CGLDUSD BINANCE:CELOUSDT
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10.8, I drew up an unpublished chart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...
Preliminary Entry: 3.1972 on 8/26
Gains Collected Since Entry: 4.85%
Prognosis: CELO has held a floor pretty well despite BTC's correction, and has risen through range resistance (3.1706) since. I'm expecting consolidation at the 1.0 Fibonacci before a possible continuation to .272-.618 levels. Keeping a tight stop on this one for sure while BTC is off its meds....
Quick heads up on the Loud Ping just heard at key Fib.
Ping = Exact and Violent ricochet you can almost HEAR.
All levels on chart are from a single Golden Fib series.
Notice the previous Ping on Golden Fib that marked the Top.
These pings will have alerted and energized all other levels.
Thus we can continue to rely on the relevance of these Fibs.
Fib levels...
COINBASE:CGLDUSD
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...
