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
Let's blowout the shorts that have gotten comfy in CELO ONE MORE TIME since they can't resist re-shorting a parabolic spike grab a seat on-board or just kick yourself later for NOT
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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
Entry at $5.27. Target $20. Stop @ $4.15. Almost 4x upside. Let's see how it plays out over the coming days/weeks.
Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like...
These triangles tend to breakout more than not, I could be wrong but I’m long Also it’s down around 50% and was recently bullish
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.
Price should bounce back around 4.6 price range go up and break out from ascending triangle
Wouldn't be surprised to see it hit $8.50 soonish, just needs to break Trend resistance here with Volume. Stop loss is a close below below $4.72 hold level.
Celos is looking extremely bullish. Bounced off the 50 Ema, had a great day yesterday and I'm expecting continuation.
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...
Downtrend channel breakout attempt #1. Let's see if it holds up.
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....