. . .has been validated. Now jsut waiting for price action to head to the full double bottom breakout target. In the current price zone, a mild correction before reaching the full target wouldn’t surprise me. In doing so it would help it create an inverse head and shoulders for its follow up bull pattern. Also a chance it just skips the correction and heads...
CELO is in a wedge after the bear market selloff. 0.40 cents has been huge support. They have some agreement with chainlink which maybe a catalyse for higher price action in the next cycle. I am buying around these prices for the next cycle. It could go lower, so not FA.
Here we potentially have a long-term bottom as Celo hits a new All-Time Low in June 2023.
After the ATL there is no follow through, bears are weak and all the indicators are starting to turn green.
Short-term we have months of higher lows and currently developing, a break of EMA10 as resistance; this is the weekly timeframe.
Any type of bullish action can lead...
For CELO, by examining the waves on the chart, a large diamond pattern can be identified. It seems that it has now entered the descending G wave of this diametric.
The red zone is a strong supply that can push the price down towards the TPs. In this red area, we are in the middle of sell/short trades.
I also specified the invalidation level, closing a daily...
Kind of a risky trade, but I'm of the belief that we'll see one more BTC bounce before the move down.
If it does happen, then I think OTC:CGLD has the chance at 20-30% upside here.
I think it's likely to hit the top resistance at $.79.
Let's see what happens over the coming days.
CELOUSD hit today the 1D MA200 after rebounding on the 1D MA50, forming the S1 (0.47250), being stranded essentially between the two. The 1D timeframe remains on bullish technical indicators though (RSI = 61. 619, MACD = 0.011, ADX = 41.243), making a bullish breakout above February's Channel Down quite likely. We will wait for that top to break and buy aiming at...
Celo pierced through its November 2022 low/support and quickly moved back above it. Notice that this happened 10-June, the same date that Compound and the rest of the Altcoins hit bottom.
The fact that CELOUSD is now back above this level, marked here with a blue dashed line, tells us that the bearish wave is over and the bullish potential is on.
The current...
CELO $1 possible by end of February
10x leverage would be safe from 0.71 entry
Would start to TP at 0.82 if you are short term trading, if not set orders at .65 and let her ride.
I dont see this coin going below $.60 again.
RSI looks bullish, longer time frame accumulation / distrubution is at all time lows on the accumulation side, volume is picking up on...
Celo (CELOUSD) is above its 1D MA200 (orange trend-line), supported by the 1D MA50 (blue trend-line) since January 12. With the 1W RSI on Higher Lows, the Bear Cycle seems over and will officially get confirmed after it breaks above the November 28 High (0.9225).
We have already spotted two previous fractals that so far are very similar to the price action since...
Currently wicking below the neckline on the right shoulder…I’m not 100% confident it will trigger a breakout on the first candle of the right shoulder to reach the neckline, so I arbitrarily moved the measured move line a few daily candles forward to give it some time to fight the neckline resistance…whenever we see that it has clearly triggered the breakout above...
this coin is wild because its sold nowhere besides coinbase and im not sure why. either way apparently the feds love it and here it seems like it regained support so hopefully it bounces here and my theory plays out.
Celo is showing a rise on the DMI (histogram), while the price has been slowly falling, setting up a divergence.
Long targets:
0.91
1.02
Short targets:
0.69
0.50
Hello traders.
1. Weekly chart
Stochastic RSI pointing up.
The price has reached the 1.68 target of the projection and also the diagonal Fibo channel, a well-known target.
2. Daily chart
I plotted two possible scenarios, an optimist with a green arrow and a pessimist with a red arrow.
The price apparently corrected on the 50% retracement:
The correction...
On the above 2-day chart price action has corrected 90% since the sell signal last August. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. A very similar picture on the 2-day BTC pair (below).
3) RSI resistance...
On left the Weekly chart is displayed showing a recovery on the bottom band of the Gaussian Channel
This adds support to the theory on the right, which observes price in both cases retesting a trend line and being rejected
Recovery hodls potential
Update from a previous post.
So far CELO is still following my 2020 fractal but in a smaller scale. Notice there are 2 H&S formations; big & small. However it came back down to the neck of the bigger H&S & broke below the neckline. If this is a Beartrap, CELO will breakout of the consolidation zone soon & proceed to the breakout zone above all anchored...
