Hi Guys 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...
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...
Celo has proven as right and did well even while Bitcoin was crashing. Our selection for this second quarter (which by the way ended up being a sour one) was mainly Cardano, Sia, Vet and CELO. Given the circumstances I think we did well and hopefully a strong recovery of BTC in July can serve us well. For the time being we need to be defensive and go Long...
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....
Pretty clean and simple setup. Celo has been one of the biggest laggards so far, but it has been listed on Coinbase, has big backers and recently got a big investment by Deutsche Telekom.
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...
Hrm. Looking more in-depth at recent data we contemplate the possible of a delayed alt spike correlated with CELO's defiance of broader market momentum in the past few days. As always, we are preparing ourselves for possibilities.
Nobody on twitter mentions CELO so I guess we good
ANALYSIS 🔎 - CELOUSD brokeout above the bullish flag resistance and hit an ATH. - The market is currently undergoing retracement. - Price is testing the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support. - The retracement is resisted by the descending trendline resistance. - There's an uptrend continuation possibility....